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ADA Perpetual Futures Contract

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ADAUSD.P trade ideas

ADA (Cardano) lets take some profit on short for now.#ADA /USD TA Update: CRYPTOCAP:ADA currently trading at $0.3594 According to Coinlion Trend Trader Indicator, we got en Exit Point Alert for ADA at $0.4 (04/21) Coinlion Trend Trader Indicator entered short at 0.3864 the 4th of may. Then takes 2 times Profit : 1) $0.365 (20% exit position) 2) $0.362 (10% exit position) (6,5% Profit). There is a strong resistance at the 200EMA. The same which has rejected ADA many times before But we have broken the descending channel. Now we have a support on the 200SMA at $0.352 and a liquidity zone support between $0.2986 and $0.30 Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357 + we can see that ADA is oversold. The trend might change soon as whales are accumulating a lot ADA. Lets see what happens and follow the indicator instead of our emotions. What do you think ? Please click LIKE button and Appreciate my work. Coinlion Trend Trader indicator tells me - When to enter short or long - When to exit and take profit :-) - Now CTT comes with the new RSI and Stochastic indicator IF YOU WANT we can give you the link to our free indicators : - Stop Loss indicator - Liquidity Support and Resistance Indicator - Buy and Sell signal - Automatic Fibonacci Levels with Higher and Lower Lows Thank you.
BITFINEX:ADAUSDShort
by Coinlion_TT
2
Trade ADA/USDTCryptocurrency traders have been keeping a close eye on the dominance of altcoins in the market. However, recent trends indicate that altcoins dominance is decreasing due to vertical and horizontal resistance. This has been coupled with the continued bleeding in the market, which is creating a perfect opportunity for traders to short ADA. BTC dominance is experiencing a bullish retest, which is an indicator of a bullish market trend for Bitcoin. This trend is likely to have a significant impact on the value of other cryptocurrencies, including ADA. As altcoins continue to experience decreasing dominance, it is becoming increasingly clear that traders should be cautious when investing in these assets. Shorting ADA at this time presents an excellent opportunity for traders to profit from the current market conditions. With the dominance of altcoins on the decline, it is becoming increasingly challenging for these assets to gain value in the market. As such, a short position on ADA could yield substantial returns for traders. In conclusion, with the current market trends indicating a decrease in altcoin dominance, coupled with the continued bleeding and bullish retest of BTC dominance, shorting ADA presents a viable trading opportunity. Traders should take advantage of this opportunity to profit from the current market conditions and maximize their returns.
BITFINEX:ADAUSDShort
by Quotum_consultancy
Cardano: chasing oversold sideDuring the previous week ADA clearly started its reversal move. The support line at $0.40 had been clearly broken at the beginning of the week, and the coin continued its road down to its minimum weekly level at $0.37. Selling orders are prevalent at the end of the week, in which sense, it might leave some space for further drop in price until a clear oversold side is reached. During the whole week, RSI was moving below level of 50, finishing the week around 42. This is another indication that the market is chasing an oversold side. Moving average of 50 days is slowing down its divergence from MA200, putting into question the formation of the Golden cross. Current charts are clearly pointing that ADA is on the road toward the oversold side. Current price fall stopped shortly around $0.38 level; however, it should be treated as only a short term stop for ADA, on a road toward the $0.35 support line. There is some probability that this level might be reached during the week ahead. On the opposite side, there is a low probability that $0.40 resistance might be tested.
COINBASE:ADAUSD
by XBTFX
2
Cardano: emerging selling orders ADA had a relatively solid week. Although its price was suppressed to the downside and the lowest weekly level at $0.37, still the coin managed to make another move toward the $0.40 resistance line as of the end of the week. Highest weekly level was $0.41. Still, as of the weekend, selling orders started to emerge, which might impact the price of the coin at the start of the week ahead. Three weeks ago RSI was in overbought territory, so it was expected that the indicator will take the road to the downside. During the previous week, RSI was still weakly holding above the level of 50, with indication that there is no strength for the upside. Positive development is that MA50 continues to diverge from its MA200 counterpart, and supports the Golden cross. After reaching a clear overbought side, ADA entered into a cycle of short reversal. Current charts are indicating lower probability that the coin will be able to clearly break the $0.40 resistance line in the coming week. There is a higher probability that the price will shortly revert to the downside, at least till the $0.37 level, with lower probability that the support line at $0.35 might be tested.
COINBASE:ADAUSD
by XBTFX