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ADAUSD.P trade ideas

CARDANO Mega rally starting first to $3 then top expected at $5Last time we looked at Cardano (ADAUSD) we gave a confident medium-term buy signal (November 18 2024, see chart below): Today, having seen a very strong closing to the year last week and especially since the price bounced off the 1W MA200 (orange trend-line), we are making a long-term call towards the top of the Cycle. Technically ADA's historic pattern is a Channel Up and if we draw its Fibonacci levels, the price is currently within the 0.5 - 0.618 range. That is exactly where it was during the same stage of the previous Cycle in January 2021. As the 0.5 Fib held, once it closed a 1W candle above the 0.618, the price skyrocketed to the 0.786 Channel Fib and tested the previous All Time High (ATH). We can see the amazing symmetry between the Cycles on the 1W RSI fractals too. As a result, our next immediate Target for ADA is near the previous ATH at $3. Beyond that, we expect the Cycle to top at $5, which is marginally below the 1.236 Fibonacci extension, which was where the August 2021 Cycle Top was priced. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ADAUSDLong
by TradingShot
7
ADA/USDT Bullish Setup Gartley Bullish Harmonic Pattern1. Market Analysis: Asset: ADA/USDT (Cardano vs. USDT) Pattern: Bullish Gartley harmonic pattern detected on the daily timeframe. Key Levels: Price is approaching the D-point, which is at the 78.6% Fibonacci retracement of the XA leg, near a strong support zone, signaling a potential bullish reversal. 2. Gartley Pattern Details: XA Leg: Strong initial move upward. AB Leg: Retraces approximately 61.8% of XA. BC Leg: Extends between 38.2% and 88.6% of AB. CD Leg: Completes at 78.6% retracement of XA (D-point). D Completion Zone: A critical area to monitor for bullish price action. 3. Trade Setup: Entry Point: Enter a long position at or near the D-point when a bullish reversal signal is confirmed (e.g., bullish engulfing, hammer candlestick, or a pin bar). Stop-Loss: Place the stop-loss slightly below the D-point or the nearest support level to protect against pattern invalidation. Take-Profit Levels: TP1: 38.2% Fibonacci retracement of the CD leg. TP2: 61.8% Fibonacci retracement of the CD leg. TP3 (Optional): Full retracement to the XA high. 4. Risk Management: Position Size: Use proper risk management, risking no more than 1-2% of your trading capital. Risk-Reward Ratio: Aim for at least a 1:2 risk-reward ratio. 5. Additional Confirmation: Volume Analysis: Look for an increase in volume as the price reaches the D-point, which indicates strong buying interest. Oscillator Signals: Use RSI or MACD to confirm oversold conditions or bullish divergence near the D-point. 6. Trade Execution: Order Placement: Set a buy limit order near the D-point if confident in the pattern. Alternatively, wait for a confirmed bullish signal before entering the trade. Trail Stops: Adjust stop-loss as the trade progresses to secure profits and reduce risk.
COINBASE:ADAUSDLong
by MAAwan
4
Cardano/USD 12H sell opportunityLast week I shorted already ADA/USD but on the 4H timeframe. I closed that trade because the sellers didn't pushed the price down strong enough. Looking back my trading decision was good but only zoomed out on a higher timeframe 12H. Now I'm looking again to the trade on the 12H timeframe and see still a good sell opportunity. The supply zone is strong and price cannot break trough bullish. Also BTC is stalling arround the 99K lvl support, ETH is also near a small demand zone on the 12H. This makes me confident to short this pair with a direct market order. Im in at this moment the market will move down next week temporary.
CRYPTO:ADAUSDShort
by FX-Diaries
1
CARDANO // long expansionThe bullish trend is valid on all the major timeframes, and the market is at the daily target fibo 61.8, already above the last clean breakdown - the border of the expansion phase. Daily chart: If this small countertrend is broken (at the trigger zone), the first target is the daily peak (target fibo 100). ——— Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: Daily - blue Weekly - purple Monthly - magenta H4 - aqua Long trigger - green Short trigger - red ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
BINANCE:ADAUSDLong
by TheMarketFlow
ADA Trading PlanADA is in a parallel channel. Momentum is so far strong after making a move down from the upper end of the channel. CPI release is tomorrow and this could create the volatility needed to send it down to the bottom of the channel as shown (orange). Alternatively it could come ripping higher straight away but it does seem like a flush down is the more likely scenario at this stage. No trades yet, but a long position would be favourable at the bottom of this channel if it arrives there as shown.
BINANCE:ADAUSD
by TipsOfPips
Price rejection at key area of support.The daily candle has closed bouncing of a strong zone of support at ~.945249 which is also an area that is respecting my trendline. There is no official buy signal as of yet to play it safe - the official buy signal is once price reaches past the area of resistance ~1.007413 AND fully engulfs the daily candle that closed today. Large selloff on all cryptos today so potentially some buying pressure will return to the market tomorrow.
KRAKEN:ADAUSD
by windycitytraderphoenix
Long Opportunity on ADA/USDEntry Point: Around $1.05–$1.07 (expected retracement level before continuation upward) Take Profit (TP): $1.40 (Key resistance level) Stop Loss (SL): $1.00 (Below support and retracement zone) Explanation: Trend and Momentum: ADA/USD is in an upward trend, making higher highs and higher lows, suggesting bullish momentum. The price recently broke through a resistance zone and is now likely to retrace slightly before continuing upward. Retracement Levels: The area around $1.05–$1.07 represents a strong support zone where buyers are likely to step in. This zone aligns with previous consolidation and breakout levels. Profit Target: The $1.40 level is a strong resistance zone and aligns with projected upward momentum, providing a logical exit point. Risk Management: Stop Loss at $1.00 protects against a potential bearish reversal while providing room for normal price fluctuations. The risk-to-reward ratio is favorable, making this a high-probability trade setup. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Make sure to conduct your own research and consult with a licensed financial advisor before entering any trades.
COINBASE:ADAUSDLong
by Mcenzy
Cardano (ADA/USD): Facing Key Resistance After Recent Surge🔥 FinCaesar's Strategy: 🩸 Long: Above $1.08, targeting $1.15 and $1.20. A breakout with volume could confirm bullish continuation. 🩸 Short: Below $1.00, aiming for $0.90 and $0.85. Failing to hold $1.00 support may lead to further declines. 🔥 FinCaesar's Commands: 🩸 Resistance: $1.08. A move above this level could fuel bullish sentiment. 🩸 Support: $1.00. Breaching this level may signal the start of a bearish correction. Cardano is consolidating after a significant rally, with MACD showing signs of weakening momentum. Traders should watch key levels closely as market sentiment remains volatile. 👑 "Precision in execution separates the bold from the ordinary." — FinCaesar
CRYPTO:ADAUSD
by FinCaesar
Significance of the 100-Day SMA for CardanoCardano (ADA) has recently demonstrated a strong bullish trend, surging past its 100-day Simple Moving Average (SMA) and fueling optimism among investors. This move signals a potential shift in momentum, with bulls now setting their sights on the $1.26 price target. This article delves into the significance of this breakout, the factors driving Cardano's resurgence, and the potential challenges that lie ahead. Understanding the Significance of the 100-Day SMA The 100-day SMA is a widely used technical indicator in financial markets, representing the average price of an asset over the past 100 days. It serves as a crucial trend indicator, helping traders and investors identify the overall direction of an asset's price movement. When an asset's price crosses above its 100-day SMA, it is often seen as a bullish signal, suggesting that the asset is gaining positive momentum and may continue to rise in value. Conversely, a drop below the 100-day SMA is typically considered a bearish signal. Cardano's recent breach of this key indicator is, therefore, a significant development, indicating a potential shift from a bearish or sideways trend to a more bullish outlook. Factors Driving Cardano's Resurgence Several factors appear to be contributing to Cardano's recent price surge: 1. Increased Network Activity: Cardano has seen a significant increase in network activity in recent months, with a growing number of projects building on its blockchain and a rise in transaction volume. This increased adoption and usage is a positive sign for the long-term health of the Cardano ecosystem. 2. Positive Developments and Upgrades: The Cardano development team has been actively working on improving the network, with several successful upgrades and developments implemented recently. These improvements enhance the network's scalability, security, and functionality, making it more attractive to developers and users. 3. Growing Institutional Interest: Cardano has also been attracting growing interest from institutional investors, with several major players expressing support for the project. This institutional backing provides further validation for Cardano's potential and can contribute to increased investment and adoption. 4. Overall Market Sentiment: The broader cryptocurrency market has also been experiencing a period of positive momentum, with Bitcoin and other major cryptocurrencies showing strong gains. This positive market sentiment can spill over on altcoins like Cardano, contributing to their price appreciation. Potential Challenges and Resistance Levels While the recent breakout above the 100-day SMA is a positive sign for Cardano, it is important to acknowledge that challenges and resistance levels may still lie ahead. The $1.26 price target represents a key resistance level, and Cardano may face some resistance at this point. If the bulls can successfully push through this level, it could pave the way for further gains. Additionally, the cryptocurrency market is known for its volatility, and sudden price swings are always possible. Investors must remain cautious and not get carried away by short-term price movements. Conclusion Cardano's recent rally above its 100-day SMA is a significant development, signaling a potential shift in momentum and fueling bullish optimism. The factors driving this resurgence include increased network activity, positive developments and upgrades, growing institutional interest, and overall market sentiment. While challenges and resistance levels may still exist, the current trend suggests that Cardano is well-positioned for further growth. Investors and enthusiasts will be closely watching to see if the bulls can maintain this momentum and push Cardano towards the $1.26 target and beyond.
BINANCE:ADAUSDLong
by bryandowningqln
1
Cardano (ADA): Testing Major Resistance🩸 Long: Above $1.10, aiming for $1.15 and $1.20 as bullish targets. 🩸 Short: Below $1.00, targeting $0.95 and $0.90 for potential downside. 🩸 Resistance: $1.10. Breaking this level signals further upside to $1.15 and $1.20. 🩸 Support: $1.00. Falling below exposes $0.95 and $0.90 as critical support levels. 🩸 Analysis: Cardano has rebounded strongly and is approaching key resistance at $1.10. The MACD is turning positive, signaling potential bullish momentum. However, volume confirmation is crucial for a sustained breakout. Failure to hold $1.00 may result in a pullback toward lower support zones. 👑 "Strength lies in patience—those who wait seize the rewards."
CRYPTO:ADAUSD
by FinCaesar
2
ADA - Bull Flag Printing In One Of The BEST Performing CoinsCrypto is slumping but some coins / stocks more than others. ADA has been one of the strongest coins in accumulation, in pump action and here appears to be again one of the strongest in correction. And this looks like a bull flag developing here. If Bitcoin prints a selling climax then ADA will likely break the bull flag to the downside. But this is common with these cause building fractals. And if this happened it would likely be the bear trap shakeout before the next wave up. In the bearish case I dont see it getting much lower than the current $0.76 low. But a slightly lower low below that low could be the final pivot before the next wave up. Or it may just hold and get moving on up from here. Its not really possible to know but observing Bitcoin technicals will assist to know the answer as this develops - Bitcoin thread linked below. In the end its up and up for Cardano from here 👍🏻. Not advice
BINANCE:ADAUSDLong
by dRends35
2