Breakout of Technical PatternADA price has broken out of the technical triangle. Breakout target is shown. Bull market time.
Not financial advice.
ADAUSD.P trade ideas
CARDANO - New All Time High Incoming... But Why?I'm currently analyzing the top 50 cryptocurrencies, utilizing AriasWave to comprehend the dynamics influencing their movements and investigating the reasons behind certain cryptos continuing to ascend. In the upcoming video, I delve into my perspective on this phenomenon, outlining the reasons I believe it's occurring and offering insights into future expectations. Stay tuned as I share a series of these ideas in the weeks ahead, concluding 2023 and gearing up for what awaits us in the future.
Entry: At Market.
Target: $3
Percentage Gain: 400%
ADA Head & Shoulders on 6H?This is my first post on TV and I am pretty new to TA, so positive constructive criticisms are welcome.
Started looking at this H&S pattern forming on the 6H and it puts a target price of around .44-.45 cents if it plays out. That price level is also confluent with the 200 day MA, which would be a major zone of support.
If I were looking to put in a long trade or accumulate, I would shoot for the .45 cent range (about 18% dip from current price of .58). If I were looking to short, I would wait for bearish confirmation by breaking the .55 level and putting in the short trade at that time.
This can be invalidated with a move above the .60 cent range in convincing fashion.
NOT FINANCIAL ADVICE | I AM A NOVICE TRADER!
Possible movement of this coin now.Please note that this is not a financial advise but my own view of the next possible movement chart.
BEWARE! ⇅ ADA may go up or down or straightBased on my charts, We may see some downside but ADA may also see upside. Ultimately, I predict ADA will have a new price in July. I would recommend buying if you are bullish and selling if you are bearish, otherwise HODL.
I am not a financial advisor.
Cardano: Dive in deeper! 🤿
Cardano fell back to our magenta Target Zone between $0.5510 and $0.4430 over the last seven days. However, it did not dip very profoundly and quickly moved back up. According to our primary assessment, the low of the magenta-colored wave (iv) has not yet been placed, but there should be another deeper dip. That being said, it should be noted that the minimum requirement for the low has been met and that we see the price in the final stage of the magenta-colored five-part wave as part of the 30% probable alternative. This option would come into effect on a break of resistance at $0.64.
ADA → Cardano Failed to Break Resistance Zone. About to Fall!?Cardano had a failed breakout above the Resistance Zone at $0.62, followed by several failed attempts to break it again. Does this mean we enter a long?
How do we trade this? 🤔
Entering a short right now is reasonable if you accept the low probability nature of reversal trading. The number of failures to break the resistance zone are great signals to enter a trade, but additional confirmation to the downside with a strong bear candle is preferable. Due to the current distance to the proper stop loss placement above the Resistance Zone, it's reasonable to take a 1:1 Risk/Reward Ratio trade down to the support zone. Use a smaller position size given the additional risk.
💡 Trade Ideas 💡
Short Entry: $0.575
🟥 Stop Loss: $0.665
✅ Take Profit: $0.485
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Failed Breakout at Resistance Zone, Sell Signal.
2. Failed three times to break Resistance Zone after Signal, Confirmation.
3. Gap to Daily 30EMA and Support Zone.
4. RSI at 60.00, Below Moving Average. Bias to Short.
5. Watch for Bitcoin Trend Change at $46,000.
💰 Trading Tip 💰
Price seeks balance and will naturally move toward moving averages. Trade with the trend for maximum probability, but also expect gaps between the price and moving averages to close before they widen.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Cardano (ADA) to 80 centsThis is not going to be popular, I know. However the moment emotion surpasses reason is the same time profits bleed. There is a number of reasons to be very bearish at this moment on ADA. Why?
On the above 10-day chart:
1) Bearish divergence on ADA / USD has been in play for some months now following a ‘great sell’ signal on the above 10-day chart around $1.40. But it went to $3! Don’t forget price action started rising from 2 cent last March, that was a 4000% gain.
2) Higher highs in Price action lower highs on the oscillators. 9 oscillators are currently diverging with price action (circled in purple). Look left! The last time this many oscillators were diverging with price action a 60% correction occurred to support.
3) The 10-day ADA / Bitcoin chart (below) prints a copy of the dollar chart with 8 oscillators diverging.
4) A ‘Hanging man’ candle just printed on this 10-day chart. Look left. Those candles are bearish, especially on this time scale.
Is it possible price action increase further? For sure.
Is it probable? In the macro picture.. very unlikely.
1st target is 80 cents. Do no assume it will hold!
Good luck!
WW
10-day ADA / BTC chart - bearish divergences
ADA more bull to come?ADA pennant breakout, and re-test support $0.55 with Hammer alike candle.
MACD momentum still favor to the bull
we are seeing more bull. as long as price above $0.55
CARDANO - +80% Banked! ✅ Time For A Drop?First of all, let us start by saying we are going via technical analysis only.
Our last analysis played out nicely, banking us 80% raw gain!
Technically, we are seeing a 535 zigzag pattern. We've seen 5 waves for wave A. We are now seeing 3 waves for Wave B. Expecting 5 waves lower for wave C.
Trade Idea:
- Watch for rejection within the fib levels
- Confirmation that we've started a move lower will be a break of the red trendline
- You can go on to lower timeframe to find a slicker entry using various methods such as trendline break, BOS etc
- Targets: 0.23, 0.125, taper thereafter
Goodluck and as always, trade safe!
See our previous analysis below:
Cardano Price UpdateCardano has been in a trend channel for the past 10 days. The trendline is currently being tested. If we lose this support, I expect a retest around $0.45.
ADA → Cardano Ascending Wedge Signals a Drop! Will It Happen?Cardano is forming an ascending wedge pattern, a bearish formation that the majority of the time ends in a fall below the support line. For the next few days, we need to consider that the probable outcome.
How do we trade this? 🤔
Consider waiting for one more attempt to break resistance at the top of the wedge around the $0.68 area. A rejection at that level creates a reasonable reversal entry for a 1:2 Risk/Reward Ratio trade. Target the $0.52 range where previous support was demonstrated.
Don't be too hasty to enter, we're still in a bull trend and ought not bet against the trend until all of the requirements are met. This includes a strong sell signal (large wick on top, price closing near or on its low), followed by a confirmation candle or candles (strong bear candles closing on or near their lows). It's greater probability of profit if that confirmation candle closes below the 1HR 30RMA.
💡 Trade Idea 💡
Short Entry: $0.6400
🟥 Stop Loss: $0.6986
✅ Take Profit: $0.5230
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Ascending Wedge, Bias to Short.
2. Daily Measured Move Complete, Trend Change Probable.
3. Three Pushes Up in a Bull Run, Trend Change Probable.
4. 1HR RSI at 50.00 on Moving Average, Indecision.
5. Bitcoin at Risk of Trend Change, Supports Short Bias.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
NEW IDEA FOR ADAHaving a resistance range in the range of 0.6104-0.6513, Cardano can decrease to the support range of the bottom of the descending channel in the range of 0.5480-0.5625.
Five Waves UpHello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision.
To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis is useful to you in your business journey, and I wish you all the best.
I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,
The support area where peasants turn to kings...If the price manages to pull back to that support zone and hold it, then a final push to ATH seems very likely going toward new heights pushing for those fib extensions.
One of the top coins right now with very respecting TA and low risk high reward potential!
Cardano What's your plan ?- i just made this charts to compare 2 simple ways.
- i always try to keep my maths simple as possible.
- How much money you can make when you short.
- How much money you can make when you long.
- Ada lost -93% from ATH
- So if u shorted Cardano, you could have double your invest (X2).
( have to also add and calculate fees while shorting depending on exchanges..)
( around 0.04% every 4 hours for normal users ).
- From last Bottom in 2020, Ada made 16000% up to his new ATH in 2021.
- So if you bought ADA and keep, you would have made 160X on your investment.
- So tell me, what is the most simple and easy choice ?
- Short or Long ?
- Stay S4fe
Happy Tr4Ding !
Whale Activity Boosts ADA, Eyes $0.70 Breakout!A significant increase in whale activity with transactions worth $1.5 billion in the last 24 hours has led to a 15% surge in ADA's price.
Crossing the $0.60 Barrier: ADA's uptrend continues to strengthen as it crosses the $0.60 mark.
Potential to Reach $1: If the bullish trend crosses $0.70, Cardano could reclaim the important psychological level of $1.
Mimicking Bitcoin's Rise: ADA's price jump follows a positive trend in Bitcoin, with a 3.45% rise recently.
17-Month High Achievement: Cardano achieves a 17-month high with a notable 72.61% increase over the last 14 days.
Market Cap Nearing $23 Billion: Cardano's market cap is approaching $23 billion, indicating a robust recovery mode.
Golden Crossover Possibility in Weekly Chart: The ongoing bull run may lead to a golden crossover in the weekly chart.
Current Trading Price: ADA is trading around $0.60, with the potential to break higher levels.
Technical Indicator - MACD: The MACD shows a positive trajectory, indicating growing underlying demand.
On-Chain Data Insights: Intotheblock’s analysis reveals a spike in large transactions, highlighting increased interest from whales.
In/Out of the Money Indicator: The Global In/Out Of The Money (GIOM) indicator suggests ADA is entering a crucial zone between $0.64 and $0.84.
Wallet Addresses Profitability: Approximately 58% of ADA wallet addresses are currently profitable following the price surge.
🐋 Deep Dive Part II: Whale Behavior & Market Mastery! 🌊📚Hey Crypto Enthusiasts! 🚀
In a recent analysis, I not only nailed Bitcoin's (BTC) movement but also illuminated the subsequent altcoin surge, driven by insightful whale behavior observations. Let's merge these insights with a focus on ADA (Cardano), OP (Optimism), SOL (Solana), and BTC. 📊
Cardano's (ADA) Meteoric Rise 🌟
ADA's journey began with a break above a pivotal support-resistance level. My entry point at 0.256 turned into a remarkable rally, hitting 52 cents. This movement was a classic case of altcoin buoyancy following Bitcoin's pause.
Optimism (OP) and the Altcoin Breakouts 🌈
In the shadow of Bitcoin's stagnation, altcoins like OP exhibited significant breakouts, showcasing the shifting focus of market whales from Bitcoin to promising altcoins.
Bitcoin (BTC) and Whale Dynamics 📉
Bitcoin's behavior provided a crystal ball into the whale activities. As BTC approached a major resistance level, it signaled a strategic move by whales to divert funds towards altcoins, catalyzing their surge.
Solana (SOL) and Market Trends ☀️
Solana's chart also mirrored this trend, highlighting the broader market dynamics influenced by these significant players.
🔍 Insight on Whale Behavior:
My analysis delved deep into the whale behavior, highlighting how Bitcoin's rally and subsequent pause was a precursor to altcoin dominance. This strategic pause in Bitcoin's ascent was a clear signal for the whales to redistribute their focus and capital, sparking a remarkable rise in altcoins like ADA, OP, and SOL. 🔄
The Bigger Picture - Understanding Market Shifts: What this trend teaches us is the importance of reading between the lines. Whale movements often precede major market shifts, and by understanding these patterns, we position ourselves to make informed decisions. 🧠
Future Outlook: As we continue to monitor these market dynamics, it's crucial to stay vigilant. The crypto market is known for its volatility, and while the current trend favors altcoins, it's essential to be prepared for any shifts that may arise. Always keep an eye on key resistance and support levels, market sentiment, and global economic factors that could influence the next big move. 🌐
Together, let's stay ahead of the curve in this fascinating and ever-evolving world of cryptocurrency. Your insights and engagement are what make this journey exciting and rewarding!
One Love,
The FXPROFESSOR 💙
part 1:
Cardano TO OLD ATH in 2024? This move is very similar to the previous price action for ADA. We also had a test on the bottom three times. If ADA can turn this resistance into support. My expectation is that we are heading towards the old ATH.
ADA → Cardano Coming Down! Where Will We Land? Let's Answer.Cardano had a fantastic measured move event from the breakout point on October 23rd, a move that I overlooked in my last couple of analysis! The price shot up from $0.27 to $0.41, pulling back into a bull flag, then ripping up from $0.41 to $0.62! Now that the move is complete, where do we go from here?
How do we trade this? 🤔
The measured move is usually followed by a trading range, which can turn into a continuation pattern over time *OR* a reversal to the downside. We need more price action to determine the next moves. Right now we have a market that is burning hot on the upside, and RSI that is over 70.00, and the massive bear candle from last night that showed the bulls taking profits at this key level.
Right now, we need more price action to justify an entry. Given the current datapoints, we should expect some sideways price action until the 30EMA catches up, but its likely we'll fall down toward the previous Resistance Zone that may not act as support. The test of that zone will give us strong evidence as to the next moves for Cardano. We need to see a strong bull signal and confirmation bar to justify a long. An RSI level of 50.00 or below would be ideal as well.
Until then, it's reasonable to stay on the sidelines until more price action plays out.
💡 Trade Idea 💡
Long Entry: 0.482
🟥 Stop Loss: $0.437
✅ Take Profit: $0.572
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Measured Move Complete! Trading Range or Reversal Likely.
2. Previous Resistance Needs to be tested as Support.
3. If Support Holds, Could go up for another test of the Previous High.
4. If Support Fails, Expected Lower Lows around 200EMA.
5. RSI at 70.00, Above Moving Average. Bias for Short-Term Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
ADA bigger flag formation? take two :)Lets try again. This time the trade is active allready. Anything can happen. Set that stop loss..
*** not financial advice DYOR ***
Cardano Beware of rising price action for altcoins. That upward price action draws you into the market. These types of rallies are often followed by another pullback.
