It seems neutral Neutral for now...could go even further down after testing support again.
Unless it tests the support and some huge green candle appears...I would not be so sure of any bull running.
What do you think?
ADAUSD.P trade ideas
*IMPORTANT WEEK IS ABOUT TO BEGIN*Hello fellow Degenerates,
This time I got both XRP and ADA charts together to show you both theories that created this slow and boring drama we are facing now. This week we might finally get to its conclusion, for better or worse so watch closely.
If you been observing and watching the crypto market, you know that these two tickers are the ones that will drive a lot of the market this year, and for better or for worse, their price action have always been kinda similar, with a few deviations or delays but the doodles kinda look alike.
- For better visualization, in the XRP chart is the bearish view. We need to have a break of that $2.6 level to confirm that the bulls are back. The price movement of last week created a lot of hope but we all know that this is also how the institutions enjoy playing with our emotions. If price continues down, $2.0 could be broken and $1.5 PT might be our next landing.
- On the ADA chart is the hopium for the bulls. Although it doesnt looks as bullish as XRP, it is also a characteristic of the market when starting new impulsive waves. Retail is usually not believing it, they are skeptical of the movement. The fact is that Cardano and XRP are filled with Institutional money and a faithfull community, so what the market needs is a catalyst to shake things up. What could it be? SPX recovery? XRP vs SEC settled? ETF approvals?(that wont be until at least another month)
- If you compare RSI's, the Daily RSI has still some room down towards the Higher low trendline being formed. The 1H RSI shows that this little dump we had this weekend was enough to bring it to the same levels as last week's lows and the lows from before the strategic reserve news.
The point is that we need to look at the different perspectives and be prepared for both.
Understand where price could go, manage your risk, but also understand what is coming.
I do not believe the bull cycle is over. The geopolitical and socioeconomic cycles are keeping the market in this stagnant state, but they are also what will drive it to boom like never before.
Keep your eyes open.
Bullish or Bearish? Let me know what you think!
*I am not a Pro, I'm just a beginner learning Elliot Waves and technical Analysis. This is simply my humble attempt at losing money while looking smart*
Cardano ADAUSD The Week Ahead 17th March ‘25The ADA/USD pair is currently exhibiting a bearish sentiment, sustained by the prevailing downtrend. The critical trading level to monitor is at 8,530, representing the current intraday swing low and the 50-day moving average (DMA) level.
In the short term, an oversold rally from present levels, followed by a bearish rejection at the 8,530 resistance, could lead to a downside move targeting support at 6,576, with further potential declines to 6,000 and 4,846 over a longer timeframe.
Conversely, a confirmed breakout above the 8,530 resistance level and a daily close above it would invalidate the bearish outlook. This bullish scenario could pave the way for a continued rally, aiming to retest the 9,775 resistance, with an extension to 11,244.
Conclusion:
The sentiment for ADA/USD remains bearish, with the 8,530 level acting as a critical resistance. Traders should remain cautious, waiting for either a bearish rejection or a breakout and daily close above this level to assess the next directional move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
*A PINCH OF ANXIETY TO BRIGHTEN YOUR WEEKEND*Yuuur,
As you can see in the title, I am taking a breaking from all the positivity and hopium of my last posts just to give us all a warning:
PRICE CAN STILL GO LOWER
I have been saying this in all of my previous posts, but this time I decided to show you what I mean.
The green box is the PT for the Second Wave of this bull cycle. As you can see we got in it, we touched its bottom and then used it as support.
The problem is that the news about the Crypto Reserve created confusion to this all and we need to be careful with it.
The blue path is my bullish thesis that W2 is completed.
The yellow path is in case W2 is not completed yet.
- I am just being cautions since the beginning of a new trend is always filled with uncertainty and in this case we got this retracement from the news that could be an ABC or it could be a 5 wave retracement.
So be careful out there.
As always, we have to remind ourselves that we are mere observers of the market.
ADA/USD "Cardano vs U.S Dollar" Crypto Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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📰🗞️Fundamental, Macro, COT Report, Sentimental Outlook:
ADA/USD "Cardano vs U.S Dollar" Crypto Market is currently experiencing a Bearish trend in short term, driven by several key factors.
⚡⭐Fundamental Analysis
Market Capitalization : Cardano's market capitalization stands at $23.12 billion USD, with a circulating supply of 35.21 billion ADA.
Tokenomics : The total supply of ADA is capped at 45 billion, with a significant portion already in circulation.
Blockchain Technology : Cardano's blockchain technology is based on the Ouroboros consensus algorithm, which provides a secure and energy-efficient way to validate transactions.
Development Activity : The Cardano development team is actively working on improving the blockchain's scalability, interoperability, and usability.
Partnerships and Collaborations : Cardano has partnered with various organizations, including universities, research institutions, and businesses, to promote the adoption of its blockchain technology.
⚡⭐Macro Economics
Inflation : The current inflation rate is not explicitly stated, but it's essential to consider its impact on the cryptocurrency market. Rising inflation can lead to increased adoption of cryptocurrencies as a store of value.
Interest Rates : Interest rates can influence the attractiveness of cryptocurrencies like ADA. Higher interest rates can make traditional investments more attractive, potentially reducing demand for cryptocurrencies.
Global Economic Growth : The global economy is experiencing a slowdown, which can impact the demand for cryptocurrencies. However, some investors may view cryptocurrencies as a safe-haven asset during times of economic uncertainty.
Regulatory Environment : The regulatory environment for cryptocurrencies is constantly evolving. Changes in regulations can impact the adoption and price of cryptocurrencies like ADA.
⚡⭐Global Market Analysis
Trend: The ADA/USD pair is experiencing a mixed trend, with a 4.27% increase in the last 24 hours, but a 12.92% decrease in the last week.
Support and Resistance: Key support levels are at $0.63 and $0.61, while resistance levels are at $0.68 and $0.70.
⚡⭐COT Data
Speculators (Non-Commercials): The current COT report shows that speculators are holding 26,729 long positions and 9,961 short positions.
Hedgers (Commercials): Hedgers are holding 7,275 long positions and 24,341 short positions.
⚡⭐On-Chain Analysis
Transaction Volume: The 24-hour transaction volume for ADA is approximately $868.36 million USD.
Active Addresses: The number of active addresses on the Cardano network is not provided.
⚡⭐Market Sentiment Analysis
Sentiment: The overall sentiment for ADA/USD is neutral, with a mix of bullish and bearish predictions.
Fear and Greed Index: The current fear and greed index reading is not available.
⚡⭐Positioning
Long/Short Ratio: The long/short ratio for ADA/USD is not provided.
Open Interest: The open interest for ADA/USD is approximately $776.6 million USD.
⚡⭐Next Trend Move
Bullish Prediction: Some analysts suggest a potential bullish move, targeting $0.70 and $0.80.
Bearish Prediction: Others predict a potential bearish move, targeting $0.52 and $0.50, due to the recent downward trend and potential selling pressure.
⚡⭐Overall Summary Outlook
Bullish or Bearish: The overall outlook for ADA/USD is neutral, with a mix of bullish and bearish predictions.
Real-Time Market Feed: As of the current time, the ADA/USD price is $0.66, with a 0.42% increase in the last 24 hours.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
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*SLOW AND SMOOTH*Hello again, Degenerates
PT1(For those that don't want to read) = $0.96-$0.83
If you have been following my analysis, you know that we are now in a sensitive zone:
- We hit a Macro Wave 2 target, but Wave 2 can always go lower (as long as it doesn't cover 100% of Wave 1)
- Market uncertainty has brought sentiment to extreme fear
- SEC is taking its sweet 4$$ time with ETF approvals.
Regardless of all of that, we are just here to observe the market and pray for Satoshi to bless our bags.
If my analysis is correct, we might be entering Wave 1 of Wave 3 of Wave 3... Just look at the chart and try not to get too confused.
- The red circled numbers are the 5 Sub-waves of impulse wave 3( green). As you can see, I suspect that we got done with sub-wave 2 and are now entering the territory of Sub-wave 3.
- The color blue represent the waves of the sub-wave 3(red).
We need the first price target cover 61-38% of the last correction to confirm that we are indeed entering another bull run.
- You can see in yellow what price action could look like.
This first wave will probably have a low volume and momentum will be choppy. Price can still do another retest of $0.65 if buyers don't step in.
As always, I have to remind you that I am not a pro, I am just attempting to learn the sage wisdom of the waves.
*Not Financial Advice*
*Hurry up and Stand by*Hello Degens,
Just stopping by to drop a new dose of hopium and remind everyone that while SPY keeps on digging new lows, Crypto is holding its price.
To my surprise, ADA has been holding the price target I had suggested. I do believe that we are now in a zone where institutions have been accumulating and manipulating in an attempt to create as much liquidation as possible.
I am not planning on going anywhere, and I hope you aren't either because this is the beginning of the beginning of the wildest bull cycle we have ever experienced.
At this time ADA is loading up for Impulse wave 3. I can still see price going below $.60 , but that will be due to manipulation more than anything. We are now in the time where smart money is accumulating and dumb money is calling it a scam.
Stay focus, and remember to zoom out.
*Not financial advice. I'm just trying to learn how to doodle on these charts.*
Cardano to hit 4.86 this bull cycle.The price prediction is based on the trend line and Fibonacci retracement levels, which help identify key support and resistance zones. The trend line indicates the overall market direction, while Fibonacci levels highlight potential reversal points. If the price respects these levels, it may continue its trend; otherwise, a breakout could signal a shift in momentum.
ADA - $4.87
Just do it already!!Alright degens. We are here.
- RSI did another lower high on the daily.
- RSI double bottom at 1H chart.
- Price is at the 38.2%.
- Small break of trendline in the 1h chart.
Are we pumping? absolutely not . We're just watching.
Although price broke the trendline, it needs to at least break the last lower high with strength to confirm a reversal.
Although we hit what we think it might be the bottom of wave C of Wave 2, price could still go lower since the rule that invalidates Wave 2 is that it cannot retrace more than 100% of Wave 1. That would take us back below $.40. Do I really believe price will go there? No. But I am just as clueless when it comes to the will of the market.
For now, I am watching for how price behaves in the market purple box in the chart. I expect a rejection, but I hope that price will be able to hold this level. I wouldn't be surprised if price uses the $.51 - $.70 range to consolidate/accumulate sideways. I'm also looking for a strong RSI to signal change in dominance from sellers to buyers.
As I mentioned in my previous posts, this is a crucial time for us to start observing the market in general and also observe what is happening in the macro view of the market.
One of the things that dragged all of us to this chaotic crypto market is the fact that when it comes to recovery, no one performs better than us. When time comes there will be signs, so keep your eyes opened.
For now I am just glad that the targets I had doodled in my charts were hit and surprisingly enough they are somehow holding hahaha I'm a god. JK. I'm just a noobie trying to learn how to lose money while looking smart at the same time.
May Satoshi bless us all
*Not Financial Advice*
ADA: START RANGE TRADING BOYSPossible formation of symmetrical triangle forming for Ada long term. Testing the high and lows of the triangle. Also could be within a channel with a downward trend. Time will tell. If it breaks the bottom of the channel the triangle theory is out.
ADAUSDwe are seeing a rise in Cardano price anywhere here soon! each dip would be an opportunity to add more in your portfolio.
Stay tuned we will update if there is a massive news
*CRUCIAL LEVEL FOR ADA!!! Is the market bottomed?*If you followed my last analysis you know I was expecting a drop to this level, and surprisingly enough, price stopped precisely where i had marked!!
Now, im just an amateur in elliot waves so dont be surprised if price doesnt hold, but if my thesis was correct, price must hold this level while it get ready for Wave 3. Next wave should be the largest one, possibly a test of $1-$1.2 level again. I believe this week will be an interesting week as we watch the behavior of the crypto market and the stock market since i do believe there is some manipulated correlation happening on both markets.
*This is not financial advice. This is just me learning about elliot waves*
ADA Weekly AnalysisCardano Weekly Timeframe is still bullish.
This would be a great place to manage some risk.
What I’m looking for is price to at least touch the green box and then show a break of structure to the upside on the 4HR. Until then don’t catch a falling knife. Patience.
Cardano (ADAUSD) The Week Ahead 10th March ‘25Cardano (ADAUSD) maintains a bullish sentiment in the longer term, but recent price action is showing signs of potential weakness, as a double-top reversal pattern may be forming following its all-time high at 13,250 on December 3, 2024. The key trading level at 8,660 will be crucial in determining the next directional move.
Key Levels to Watch
Resistance Levels: 8,660 (Neckline), 8,748 (50 DMA), 9,775, 10,000
Support Levels: 7,393, 6,832, 5,933 (200 DMA)
Bearish Scenario
If ADAUSD fails to break above the 8,660 neckline and faces rejection, it could confirm the double-top pattern, increasing the likelihood of a downward move. A breakdown below 8,660 could expose support at 7,393, with further downside targets at 6,832 and 5,933 (200 DMA) over the longer term.
Bullish Scenario
A strong breakout and daily close above the 8,660 neckline resistance would invalidate the bearish pattern, potentially leading to a bullish continuation. In this scenario, ADAUSD could retest 8,748 (50 DMA), with further upside potential toward 9,775 and 10,000 if momentum strengthens.
Conclusion
While Cardano remains in a broader uptrend, the 8,660 neckline serves as a key pivot point. A rejection at this level could confirm a bearish double-top formation, while a breakout above it may trigger renewed bullish momentum. Traders should monitor this level closely for confirmation of the next major move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
ADA/USD – 30-Min Long Trade Setup !📌 🚀📈
🔹 Asset: Cardano (ADA/USD)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above 0.80934 (Breakout Confirmation)
✅ Stop-Loss (SL): Below 0.78405 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 0.85436 (First Resistance Level)
📌 TP2: 0.89942 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 0.80934 - 0.78405 = 0.02529 risk per unit
📈 Reward to TP1: 0.85436 - 0.80934 = 0.04502 (1:1.78 R/R)
📈 Reward to TP2: 0.89942 - 0.80934 = 0.09008 (1:3.56 R/R)
🔍 Technical Analysis & Strategy
📌 Bullish Falling Wedge Breakout: Price is breaking out from a descending wedge, signaling a potential trend reversal.
📌 Support Confirmation: Strong support at 0.78405, acting as a demand zone.
📌 Volume Confirmation Needed: Rising buy volume above 0.80934 confirms momentum.
📌 Momentum Shift Expected: Holding above 0.80934 could push price toward 0.85436, and further to 0.89942.
📊 Key Resistance & Support Levels
🟢 0.89942 – Final Target / TP2
🔴 0.85436 – First Resistance / TP1
🟡 0.80934 – Breakout Level / Long Entry
⚪ 0.78405 – Stop-Loss / Support Level
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Watch for strong bullish volume above 0.80934 before entering.
📉 Trailing Stop Strategy: Move SL to entry (0.80934) after TP1 (0.85436) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 0.85436, let the rest run toward 0.89942.
✔ Adjust Stop-Loss to Break-even (0.80934) after TP1 is hit.
⚠️ Fake Breakout Risk
❌ If price drops below 0.80934 after breakout, exit early to limit losses.
❌ Wait for a strong bullish candle close before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Falling wedge breakout signals potential upside.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Risk-Reward Ratio – Favorable 1:3.56 R/R to TP2.
💡 Stick to the plan, manage risk, and trade smart! 📈🔥
🔗 Hashtags for Reach & Engagement:
#Cardano 🚀 #ADAUSD 📈 #CryptoTrading 📊 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #LongTrade 🏆 #Crypto 📉 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #CryptoSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #CryptoAlerts 🔔 #TradeSmart 🤓 #Bullish 📈 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakout 🚀
Here is why I think Cardano will be 9 USD in SeptemberPrice currently forming a bullish flag and we are currently in what I think Phase 4 of Wyckoff accumulation which is LPS or Back Up phase. IF Price goes to 24 Fibonacci level it will go to 25 but I think 9 is a realistic target.
Disclaimer: Not a financial advice. Do your own analysis
ADACardano reach 1.17, a price inside the D1 zone previous market as "the zone to break", but it wat no capable to do it. Now lateralizing, not clear opportunties yet to take!
Could Cardano Bulls "Raise The Flag" To $2??COINBASE:ADAUSD has some very interesting Price Action happening with the decline starting from beginning of December 2024 forming what looks to be a Descending Channel with the potential to become a Bull Flag!
With a Bull Flag being a Continuation Pattern, we can expect a higher probability of a Bullish Break to this Channel to continue in the trend it was following prior to falling into this Consolidation Period.
Last week we saw a huge Bullish Candle form and Break the Channel after testing the March 2024 Highs, the 200 EMA @ .7719, along with the Linear Regression or "True Trendline" of the Descending Channel.
Other indicators suggest Bullishness as well with the RSI staying above 50 in Bullish Territory and we can see a large amount of Volume entering this Weekly Candle with 2 days and 19 hours left until Close at the time of publishing.
*If Cardano can continue to find Support and is able to make a Valid Bullish Break of this Channel, based off the "Flagpole" or Rally, prior to price falling into Consolidation, we can expect a potential 120% gain from the Break, potentially sending price up to test the overhead Resistance Zone in the ( $1.85 - $2.15 ) Range!
3/7 - The White House will be holding the very first U.S. Crypto Summit to make plans to start bringing cryptocurrency into a U.S. Crypto Strategic Reserve
www.tradingview.com
*ADA Wave 2 PT Update*In my last analysis, I used the 15min chart to analyze price patterns and was lucky enough to be right and price ended up reaching the PT target that I had estimated for the end of wave 2. HOWEVER, looking at the charts now in the 1hour timeframe, the pattern price is making is giving the impression that i was actually incorrect in my last analysis.
As a recap, I do believe that this retracement that happened is the last 2-3 months are near its end and that this pump from Sunday was the signal for the beginning of a new pump cycle (Wave 1).
This is my current thesis on where price my end this Wave 2 of this next bull cycle:
I expect price to have another pump towards .95 but will follow with a rejection towards .76 and eventually .70. A possible invalidation will be if price breaks above 1.033 and holds.
Remembering that a retrace to 78.6% usually indicates that Wave 3 will be powerful.
*This is not financial advice. This is my attempt of practicing and learning about Elliot Waves. Please let me know how I can improve*
Cardano (ADA/USD) Long Breakout SetupThis is a long (buy) setup for Cardano (ADA/USD) based on a breakout from a descending channel. The price has broken above the resistance trendline, indicating a potential bullish continuation.
Entry Point:
Around the breakout level, confirming support above the descending channel.
Stop Loss:
Placed below the breakout point at $0.90498, minimizing risk if the breakout fails.
Take Profit 1 (TP1):
$1.15004, where price may face initial resistance.
Take Profit 2 (TP2):
$1.30188, a stronger resistance level that could serve as an extended target.
Trade Rationale:
A breakout from the descending channel signals a trend reversal.
Moving averages are turning upwards, supporting bullish momentum.
The risk-to-reward ratio is favorable, with clear entry, stop-loss, and take-profit levels.
Volume increase on breakout adds confidence to the trade.
ADA is on the move!After Trump tweeted about a Crypto Strategic Reserve that includes XRP, SOL, and ADA, the crypto market went wild.
And the best performer from the list? You guessed it—ADA.
ADA has surged over 80%.
What’s next?
- A retest of the $0.84 structure could offer trend-following long opportunities.
- A breakout above the $1.17 range would signal a long-term bullish takeover.
Is ADA gearing up for another explosive move? Stay ahead of the game—follow us for real-time market insights, expert analysis, and the latest crypto trends! 🚀
Disclaimer:
This content is for informational purposes only and should not be considered financial or investment advice. Always do your own research and consult with a professional before making any investment decisions.
