ADAUSD.P trade ideas
ADA is Expected to 1.618 Fibo Extension in Next MoveThe price is expected to touch Fibonacci 0.618 and expected to retrace before continue projection to Fibonacci extension 1.618
This is for fundamental reference only and not a buy call.
ADA LONG? (SHANGHAI FORK DECISION)BINANCE:ADAUSD.P
The cardano (ada) has a chart pattern of a bullish symmmetrical triangle. This pattern may lead to the continuation of its current trend (uptrend). But keep in mind in the movement of bitcoin, as well as the upcoming shanghai fork for the eth network.
Cardano (ADA): $0.40 still resistsThe price of ADA continues to be supported by the announcement of Cardano`s EVM company Milkomeda over the forthcoming network upgrade, which will allow all users of Cardano network to access smart contracts on Ethereum VM through ADA wallets. The resistance line at $0.40 remains supported, but the coin did not manage to break this level for the last two weeks. The price of ADA was moving in a short range during the previous week, between levels of $0.37 and $0.40.
RSI is moving above level of 50 during the last two weeks, with its highest level at 61. At this moment, the market is still not ready to clearly choose the trading side. Moving average of 50 days started to diverge modestly from the MA200 counterpart, at least providing some indication that the actual Golden cross did occur some time ago.
Daily trading volumes are generally decreased on the crypto market due to market exhaustion on one side and Easter holiday, on the other. During the week ahead, it should not be expected to see some significant moves in the price of ADA. It might continue its current slow motion between $0.40 resistance and level of $0.37, with lower probability for testing of $0.35 support line.
ADA Bullish long, 0.30-0.32 DOWN, GREAT BUY ZONEimagine, its currently July and the crazy bull market has begun after long hell. currently lots are bearish short term, sentiment as a regular person is were getting a leg down, this isnt going away anytime soon in the days, but longterm this is setting up well, coming out of the bearish flag, breaking downwards, safe area probably 0.33 - 0.34 but if you wanna get frisky you can set a buy order down around 0.28-0.31. i think its only natural that we fall below just for fun, i know lots of people want to buy in a little bit lower to get that feeling of when the market had busted, but its impossible to know if it will. this will definetly play in for the next couple months but for the cardano community, this is the moment we've been waiting for forever. ADA will make strides like never before
#14 TA only.'Project Parallel Channel' lol, this is basically an extension of idea '#13 TA only.' Also more detailed with some newly added pc's.
What I think will happen:
- I think we will be staying above the 'yellow highlighted line' (which is the median of the 'lowest yellow pc') constantly, soon if we do manage to touch it again a week or two later, then I believe the price won't go more than 1% under (very high chance it will just stay above) the 'yellow highlighted line'. I also think this line/spot is a good long opportunity now and in the future if the price is close to the line.
- Then I think we will briefly try to challenge the $1 ADA price, possible rejection back to the $0,7-0,8 region.
- If not, we might even get to start the journey to $1,75-2,13.
- If yes, expect a pump (see big arrowed path line, pointing at $4,753) near the end of May/ start of June)
- I believe the 'Vasil hard fork' will bring alote of excitement and action to ADA's price, here is my perspective on the possible price action we could expect from big financial
institutions the coming 4-5 months.
- Based on simple parallel channels, OPC simply stands for Original Parallel Channel. If you want to recreate my chart, you can just look at the transparent
big green dots, those dots are the places I've connected the opc's to, the copies I just placed directly under under the opc. Note: the yellow opc
was made on the 1hr chart. The others on 3hr. The opc's also have a darker background color than the copies.
- Last advice: Just pay attention to the parallel channels (and their median aswell). Good luck.
(This is just my opinion as an unlicensed financial advisor)
Lets see what happens!
ADA-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. CARDANO ( ADA ) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish Butterfly Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of ADA-USD pair till PRZ.
CARDANO $ADA. NOW YOU KNOW.The chart speaks for itself. TV is requesting me to make a longer description to be able to publish this idea so I'm writing this just to fill it up. Au revoir
#9 TA only.What I think will happen:
I think I've found the exact point you would want to buy/long ADA at.
Idea '#8 TA only.' is still viable but its wrong about the buy/long entry point.
This idea is about 'the right spot' to buy the dip @0.996 (somewhere inside the white highlighted box, that is where ADA will be going this month for a few second/minutes at most). I'm placing buy limit orders just in case it does happen.
Lets see what happens!
Cardano: searching path to $0.40Cardano is a network with so much potential and so little market support. But its struggle to sustain its market position is certainly something for respect. During the previous week, the price of ADA was supported by the announcement of Cardano`s EVM company Milkomeda of forthcoming network`s upgrade, by which, all users of the Cardano network will be able to access smart contracts on Ethereum virtual Machine, through ADA wallets. This is a significant improvement, which pushed the price of ADA again toward the $0.40 resistance line, from $0.35 support line. However, there has not been enough buying orders to push the price above the resistance level, so the price of ADA is finishing the week with prevailing selling orders around $0.39 level.
RSI continues to move above level of 50, which means that the market is still eyeing the overbought side. This might support the price of ADA further. Moving averages of 50 and 200 days are still in the gray zone, without a clear sign whether the Golden cross is coming or not.
The positive sentiment around ADA and the upgrade of Cardano's network still holds. This is positive for the coin, regardless of the negative impact on the price coming from generally higher market uncertainty. As per current charts, it might be expected for the price of the coin to revert a bit to the downside, at least to the level of $0.35 support line. On the opposite side, there is equal probability for $0.40 resistance to be tested for one more time.
Bearish short term, ADA IS PRIMED TO TAKEOFF AFTERcurrently, we are in a bearish flag pattern, ada is going to go down, as the rest of the crypto market might, be as well, but it is shown we want to push in the downward direction, set to drop to 0.364, consolidate, and then probably fly down to 0.29-0.31$, onwards we will blast off to the moon!
Bearish ABCD pattern | ADAUSDAs the price has rejected from the potential reversal zone ( PRZ ) its is likely to reverse the trend from here.The price is now making LH and LL . Trade plan is mentioned in the chart. Manage your trades accordingly.
#btcstarburst ADA moving?The red river of death… ADA is making its attempt to cross the river. I have talked about this before GOOD LUCK A GANN study DCA SAFELY THE Oracle will test your worth around .70 be honest ADA
CARDANOIf ALT2 is realized, we can expect a breakout. The level of 0.41 is an important level to follow.
ADAUSD Cardano is at key resistance levelBitcoin leads, shitcoins follow X Multiple.
Cardano is at key resistance level and has to clear $0.4 before reaping higher.
ADA (Cardano) holders, time to take profit !#ADA /USD TA Update:
$ADA currently trading at $0.3919
According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.3722 (03/23)
We have potentially a Profit Point coming at the end of the day (5,5% Profit).
There is a resistance at the 200EMA at $0.3975. The same which has rejected ADA many times before
But we have broken the descending channel.
Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357
if ADA holds, we could see a massive gain (183%).
What do you think ?
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ADAUSD - Bullish Flag PatternADAUSD is making a bullish flag pattern on 1 hr chart. If the neckline is broken then the bullish trend will continue
ADAUSD - Bullish Flag-ADA vs USD
-Bullish Flag
-Taking Precise entry can be beneficial.
-Risk reward 1%
Bullish Continuity for ADAUSDThe market is heading for the bullish continuation. Bullish Flag is formed with no divergence confirming the uptrend. Wait for the price to break the HH/pole. Take entry after breaking the HH by using Buy stop. Stoploss should be below LH.
Cadrado (ADAUSD): Bearish Signal Explained
ADAUSD reached a solid horizontal daily structure resistance.
Approaching that, the price formed a double top pattern on 1H time frame.
Its neckline was broken then.
I will expect a retracement from the underlined blue zone.
Goals will be 0.365 / 0.355
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ADA Trendbreak and retest of the support levelsYou can See that ADA(Cardano) Broke the downwardtrend and retestet the so established Support Zone,after Passing this longterm baerish downtrend.
This is a confirmation, that a Trend change is coming in.
usually this Trendbreak is followed by a V-Shape Retracement to the 50-61. Fibonacci Levels, where i put the Lines.
I think we will reach the Target Zone pretty fast.
