ADA/USD Massive descending triangle and breakout of the trend As we can see, ADA has formed a massive downward triangle. The goal of which is to cover the imbalance formed in growth from December 2020 - January 2021.
ADAUSD.P trade ideas
Cardano (ADA): side trading is still activeSince the middle of June ADA entered into side trading mode. It was the same during the previous week, when the prices were moving in the range between $0.44 and $0.48. It looks like the coin reached its bottom line around $0.4 level and continues to move in this range, as there are no significant buying orders which would push the price higher. At this moment, it is positive that there are no significant selling orders also.
Relative Strength Index moved between 45 and 48, reflecting the side trading. There is currently no clear indication that the market is eyeing the overbought market. On a positive side, the moving average of 50 days has slowed down its divergence from its MA200 counterpart, so they are now moving as two parallel lines. Potential for cross is still far away for these indicators.
Without significant buying orders for ADA, side trading might continue for another week. On a positive side is that $0.40 is for now a strong bottom line, and charts are not providing an indication that the price might go lower from this level. On the opposite side, there is probability for the $0.50 resistance line to be tested in the coming days.
Cardano Short-Term Targets MappedWe are looking at Cardano (ADAUSD) short-term to find out the next resistance levels.
We can see an ascending channel with prices already trading above MA200 while conquering EMA300.
The first target short-term is set at 0.5000 or ~6.5% from the current price.
The second target is set at 0.05400 or 15% away from the current price.
You can find these targets on the chart.
Support/stop-loss can be set below 0.4581 which is equivalent to MA200 (around 2.35% risk).
A stronger stop-loss can be used around 0.4438, which is the 5th of July's low.
Bitcoin continues bullish and Cardano follows Bitcoin.
The charts are always changing...
Remember to plan before trading.
Thanks a lot for your continued support.
Namaste.
Cardano's Easy 20%, Fast 40% + Sure 70% (10X Lev Trade Reminder)Cardano is moving ahead and right now we need only focus on the targets since we took care of the chart signals a few weeks ago.
We've been bullish;
Now it grows.
Patience is key.
Enjoy the results.
Cardano 10X Lev.
These type of chart setups are not seen very often...
These opportunities are hard to find...
We are active with 10X and high potential rewards = high risk.
The first target is set around $0.5750 for 20% potential profits.
Up to 200% with 10X lev.
The second target is set around $0.6850 for 43% or 430% total.
Finally, the 70/700% target is the mid-term price jump.
There can be more but we aim low, secure our trades and always secure profits on the way up.
This is not financial advice.
Leveraged trading is ultra-high risk and for experts only.
Please do your own research before trading.
Always make sure to have a plan in place.
Wishing you great wealth and success.
Wishing you a strong recovery.
Wishing you peace!
Namaste.
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ADA, Swing Trading Reference, Is It Time To Buy?As shown in the figure,
1. The red area is the resistance band.
2. The green band and the green line are support levels
3. The 30/50/60 MA on the 4-hour chart is forming a golden cross, which is likely to continue higher.
4. The Macd indicator is already above the 0-axis, and it may continue to rise.
In conclusion, there is a lot of people waiting to buy at the support level, and the current entry expectation is smaller than the stop loss, I think swing trading is appropriate now.
Thoughts from a trader with 10 years of trading experience. If you feel the same way, please give me a like. If you have a different opinion, please leave a message and let me know.
Your following, comments and likes will be the motivation for me to continue my analysis.
Cardano's Bullish Potential Is Growing (25% Target Mapped)My fellow crypto-trader, we are looking at a 20% price jump on Bitcoin (BTCUSD) and up to 25%, short-term on Cardano (ADAUSD)...
Let's get started.
We have the same chart as before, we updated #3 to expand the low pattern but the technicals remain the same.
We are coming out of support with a bullish bias that is becoming stronger everyday.
Above the 0.4210 low/support, 18-June, we are strongly bullish...
The market takes care of the rest.
Namaste.
Nice time to buy ADAI really think this is a very good price to start buying ADA for the next cycle if I believe in Cardano's growth and future.
Of course, "bottom fishing" is risky so we can DCA until BTC Halving 2024.
ADA short set-up after confirmationADA short set-up after confirmation:
when price remains starts to form a range under 0,445 (red box) its triggering a short set-up.
✅TS ❕ ADAUSD: bounced off✅✅ADAUSD bounced off the support level and has already headed up. A correction is possible, after which growth is expected to continue.✅
🚀 BUY scenario: long to the area of the resistance level.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ADA tradeHere's an idea for a short term trade on ADA/USD. Price ranged for almost one month in the 0.4 - 0.5 area. Being in the lower part of the range, I'm expecting a bouce at least to 0.382 fibonacci but I wouldn't be surprised it it spiket to 0.618 even.
Trade safe :)
ADAUSD: Potential is There for Another Sign of WeaknessHi Everyone! Based on what I'm seeing in the Mid Term Group, Long Term Group and Macro Group of time frames; we are subject to see ANOTHER Sign of Weakness in Phase E for ADAUSD. This could fall down to proximity of the Purple Diagonal Trend Line around $0.31xx to $0.32xxx
bullish on adaI'm very bullish on ada, since the green support zone has been holding strong. It would be a good idea to take a long position with the stop loss of 41 cents and the targets that are shown in the picture.
ADAUSD Is Triggering a confluence of indicators signalling a BUYI have rarely seen this, and want to keep emotions out of this, but...
There are a number of momentum, stochastic, RSI, MACD and Bollinger bands which are not align with a BUY signal for Cardano ADA token.
Im bullish based on TA. Macro be Macro but I intend to DCA when I see extreme fear and the confluence of Buy signals.
"The blood is in the streets"
Cardano: continuing slowdownAs it has been expected, ADA continued with side trading during the previous week. This is sort of typical behavior of this coin, after prior strong price moves. During the previous weeks, the price of ADA reached historically lowest levels, after which, the coin started its side trading around level of $0.45.
Relative Strength Index is a reflection of the side trading market, as this indicator moved between levels of 45 and 40 during the whole week. Moving averages of 50 and 200 days are continuing to move as two parallel lines, but this time, MA50 modestly slowed down its moves to the down side. Still, convergence between two lines has yet not started.
As per current charts there is a high probability that side trading will continue for another week in a row. It is evident that the market does not have strength to push the price to either side. At this moment, of prevailing negative market sentiment, it might be a good thing for ADA. Currently, there is a high probability for the price to continue moving between $0.40 support and $0.50 resistance lines.
ADALooks pretty bottomed IMO. They have successfully completed the Hard Fork end of June. And the markets have been selling ADA off since Aug 2021. I think i's time to finally rug some bears
Cardano 4H Update | All Scenarios (Keeping It Simple)Things are not looking good short-term.
We can start right away by seeing ADAUSD below EMA10, aiming at our main support.
Yet, we are good on this chart as long as we stay above the 18-June low (same as Bitcoin) of 0.04210.
Red arrow .
Now, if this support level breaks, we are still bullish on Cardano (ADAUSD) above the last "critical support".
This next support level is set at 0.03884 and came in 12-May.
The same day the rest of the Altcoins market printed its low point.
Here is the chart:
It needs more time...
Traders are being hunted and that's why... See the details/explained below:
Namaste.
Multiple short signals for ADAWe have a descending 200 EMA, descending triangle, bearish divergence. Everything pointing out to short ADA
