ADAUSD.P trade ideas
ADAUSD Down trendADAUSD downtrend according to Fib technique. Precise entry according to fib technique
Cardano (ADA): on the oversold coursePrevious week was not the positive one on the crypto market, considering all the negative news regarding the Silvergate bank. Investors are clearly on a hold, which is confirmed through significantly decreased daily trading volumes. ADA still holds its fragility, in which sense, the coin lost more than 7% of its value during the previous week. Although the coin started the previous week around $0,36 level, during the week the market was oriented toward the downside, and selling orders pushed the price to the level of $0,33. Although the lowest weekly level was $0,32, this line was reached on only one occasion, but it generally reveals the market sentiment about ADA at this moment.
RSI was further pushed to the downside, reaching level of 36 as of the end of the week. The market is clearly looking at the clear oversold side. Interesting development occurred with MA50 and MA200 lines, where they are currently crossed, but it is too early to say whether it is a real golden cross or there is still not going to be one.
ADA will continue to follow general market sentiment and wait for investors to return on the market in the coming period. In this sense, some significant moves should not be expected in the week ahead. There is potential for the price to move further to the downside, at least to the level of $0,32 which was tested on only one occasion during the previous week. Whether the price might go below this level is unclear from the current chart. On the opposite side, the resistance line at $0,35 might be tested again, but without a potential to be crossed to the upside.
ADAUSD (4H) - Bearish Wave LTFHi Traders
ADAUSD (4H Timeframe)
A high probability, entry signal to go SHORT will be given with the downward break of 0.331 after the market found resistance at 0.345. Only the upward break of 0.345 would cancel the bearish scenario.
Trade details
Entry: 0.331
Stop loss: 0.345
Take profit 1: 0.307
Take profit 2: 0.283
Score: 8
Strategy: Bearish Wave LTF
ADA upward continuation after this?As ADA nears its mid term fib support at 31c at the 0.618 retracement, I’ll be expecting a strong bounce at that level. Should it fail, there should be even stronger support at the 0.786 fib retracement level at 27c.
A bounce at the fib support should send it back above the 20 week moving average, and all the way up to where the 20, 50 and 200 day moving averages have converged at about 37c to 38c. I’d expect to see pretty strong resistance there, but am confident that ADA can break above all three of those, keeping all the strong fundamental developments in mind. Prediction for the end of March is that ADA will be hovering around the 37c to 39c range, either just above or below the daily moving average resistances.
ADA and its bottomADA finally stopped in its lowest spot predicted almost 4 weeks ago.
We will wait a bit to see if there is a fake or swingback to open either
in short or long.
ADA Double Top PatternADA price has moved below the neckline forming a double top pattern. Expected price target is the measured move at ~0.27 cents.
Cardano IdeaI'd like to know your thoughts on the following scenario.
For me I can see -62% possible before showing a buying opportunity.
#ADAUSD - Breakout or Fakeout? We Predict Drops..#CARDANO has shown a small burst of excitement in the last few days with this little break of trend as illustrated, breakout or fakeout is the question?
After a historic 12 months of mammoth gains followed by a steady decline we can see the price heading back into an area of previous consolidation before the next big move occurs.
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Cardano Trading The Seven Swing CorrectionIn this update we review the recent price action in Cardano and identify the next high probability trading opportunity and price objective to target
ADA looking great in this zoneADA in a great place for contemporary buys and swings.
None of this is financial advice. use risk to reward efferently
ADA/USDT (Cardano)The breakout and retest is done. Its time to see some bullish run in the coming days.
ADAUSD - Crypto | Bearish Trend - MARKET EXECUTION ORDER 30 MinsADAUSD is a Crypto coin showing a Bearish Trend with LLs and LHs . It is expected that this trend will continue further.
We are taking a market execution order because it has formed 2 consecutive bearish candles which shows a strong confirmation of bearish continuity.
Cardano (ADA): eyeing oversold sideIn line with general market sentiment during the previous week, ADA finished the week at lower levels from the week before. The $0.40 resistance line has been a tight task for ADA for two last weeks, so the coin reverted to the down side, and support line at $0.35, where ADA is finishing the week.
With the latest price moves, RSI crossed the 50 line and headed to the downside, reaching level of 43. This is indication that the market started eyeing the oversold side. On a positive side is that moving averages of 50 and 200 days started moving quite close toward each other, implying that the Golden cross might occur in the near future. This would be an indication of potential positive developments for ADA, in terms of potential change of a trend.
Indicators are showing the potential for ADA to move even to the lower grounds in the coming days. It should not be expected to make any significant moves, as daily trading volumes are low. ADA will start the week ahead by testing the $0.35 support line to the downside. In case that selling orders prevail, then there might be a potential move toward $0.33. At this moment, there are no indications that the $0.30 support line might be tested. In case that $0.35 manages to hold current selling pressures, then a short reversal is possible, but with decreased probability that $0.40 resistance might be tested again.
ADAUSD - Potential Upward MovementADAUSD retested and got rejected around the lower BB. Likely will continue its upward movement. Exit at 2nd supply zone.
ADA_USD BEARISH TRENDBased on the Dow Theory and a 4-hour timeframe, the trading analysis of ADA/USD suggests a bearish trend.
This is indicated by the price action of ADA/USD, which is forming lower highs and lower lows over time. This means that the sellers are in control, and the trend is likely to continue in the short term.
Traders may consider short positions or staying on the sidelines until a clearer trend emerges.
Expecting a pull backBINANCE:ADAPERP .We can see a pullback as we have a breakdown in trendline and the targets are marked in the chart with the sl. No Leverage or >3x lev is reccomended.
#dyor #nfa #pov BINANCE:ADAPERP
Long on ADA/USDLooking for a nice push back to new supply zone as well to clear some recent liquidity built up on our SHORT trip.
*trade at own risk*
ADA LongADA be breaking out of that bullflag hopefully. i wanna see it bounce back into the triangle after a little dip before conitnuation to target around 48
Are Cardano whales gearing up for ADA price recovery rally?Large wallet investors in the Cardano network have boosted their participation in the altcoin. Since the FTX exchange crash, whale and shark addresses owning 10,000 to 10 million ADA have scooped up a greater volume of Cardano.
Based on on-chain measures and whale activity, the outlook for the ADA price is optimistic.
Cardano whales are positive on ADA, as evidenced by an increase in activity.
With the FTX exchange failure in November 2022, the Cardano network's major wallet investors have bought up significant sums of ADA currency. According to Santiment statistics, there is a surge in the volume of ADA held by sharks and whales who own between 10,000 and 10 million Cardano tokens.
During November 2022, whales have purchased 659.53 million ADA tokens worth almost $235.5 million. Because huge wallet investors are major Cardano stakeholders, this turnaround is regarded positive for the Ethereum-killer altcoin.
Why is it a good time to acquire ADA given Cardano's track record?
Traders typically purchase a cryptocurrency when its price is low. Cardano has yet to regain the $0.41 level from February 4 due to a recent four-week market decline. Because the altcoin is selling at less than half its price in 2022, there is less risk in purchasing ADA today vs an average point in Cardano's history.
Cardano is presently trading at $0.35, which is close to its weekly high of $0.36. Since February 13, the Ethereum-killer altcoin has resulted in a 1.2% loss for investors.
Cardano (ADA) Entry alert. 183% potential profit#ADA /USD TA Update:-
$ADA currently trading at $0.40
According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.40
There is a resistance at the 200EMA at $0.41.
Cardano broke out the descending channel as expecting.
Entry : 0.40$
Target point at $1.09 (183% potential profit)
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Cardano (ADA): strength is back It was a very good week for ADA. Investors' confidence is back and it has been clearly seen through the price of the coin and its moves since the beginning of this year. In addition, on Valentine's day, the Cardano network successfully implemented another hard fork, which will increase Cardano`s interoperability with other major blockchains, i.e. bitcoin and ethereum. ADA`s price reached level of $0,42 as of the end of the week, still, it ended the week around $0,40.
RSI indicator reached level of 63, during the week, still, it is ending a bit lower, around 54. It still shows that market participants are still not ready to leave the coin to head toward the oversold side. Moving averages of 50 and 200 days are slowly converging toward each other, which is a quite positive sign, and indicates a potential cross in the near future.
During the previous week, ADA managed to clearly pass the $0,40 resistance line. Coin is still moving around this level, which indicates the probability that this line will be tested in the coming days. In case that it is not clearly breached, then ADA might revert to the upside, slowly toward the $0,45 next resistance. However, charts are pointing to the probability of short testing of $0,38 level for one more time.
