ADAUSDTThe Cardino is expected to fall to the area specified below, to close the bearish C wave, and thus it will end three historical bearish waves that extend over the five years of correction.
ADAUSD.P trade ideas
ADA-USD prediction for upcoming 3 daysADA-USD prediction for upcoming 3 days (0.26$, 0.21$, 0.27$)
I used TensorFlow for this forecast.
Cardano(ADA/USDT) Price Projections for 2023The crypto space is witnessing a minute roller coaster ride, with the price undergoing small ups and downs. Besides some of the prices of the tokens like Cardano remained plateaued with an equal brawl between the bulls and the bears. However, the stagnant trend is expected to vanish very soon as the fractal represented a revival of a bullish trend very soon.
Over the past week, the price of ADA fell precipitously, experiencing a double-digit decline of more than 14%. With the drop, sharks increased their accumulation, which spiked to levels not seen since June 2021.
Besides the social dominance of the token has also raised significantly, immediately after the FTX debacle. The levels soared from the lows of around 0.55% during the mid of November to as high as 1.63% by the end.
Additionally, the total weighted sentiments which combine all the positive and negative mentions and compare with the frequency over time also raised very high. This indicates that the market participants are bullish on the asset and hence preparing for a larger move at the earliest.
Besides, the dormant tokens which were not been moved in the past 3 years were moved during the same time marking a gigantic move incoming very soon. The ADA price now appears to be in a decisive phase where-in it may either rebound from the current levels or else experience a minor pullback to test the multi-year trend line and ignite a rebound towards new highs.
Addressing the 17 cent elephant in the rooma year ago ADA was over $1 today its under $0.50. my previous prediction of needing to see 40 cents before we can really take another look is here. even when i look back at my notes from 2021 i wrote down that we would need to address the 17 cent elephant in the room and today i personally dont see how we avoid it and if anything we can build a stronger argument today than we could in 2021... i think at this point its only a matter of time...it might seem like a stretch but my bottom for ada is around 8-10 cents.
*doom and gloom thoughts*
the economy isn't even in recession yet... people are still being hired...jobs are still being created and wages are slow to catch up.... the money is still technically flowing. so i think with this string of thoughts ...what happens to the price of assets when it does get worse? even if we dont fall into recession ...inflation above 3-4% is going to slowly bleed the economy... unless the mean wage is capable of combating against it.
Financial Wave. ADA(Cardano)Our priority scenario in Cardano is the completion of the fall in a small wave (5), we assume that the price of ADA may fall to $0.2406, after which a rise to $0.28-0.30 looks most likely. If ADA falls below $0.240, this scenario will correct.
ADA Cardano Possible PathADA is very likely to touch the narrow channel shown in the chart. For this, two path is possible, first, giving up the price and second, wasting our precious time. If you are going to buy and hold ADA, you can buy it in several steps. Do not risk all in current prices. please be aware that the channel can also be breached so watch the reaction carefully.
Notice:
This is just a personal view.
Okay but hear me out...ADAUSD hasn't seen anything OTHER than flash crashes due to the hype for years now. Why is it so hard for people to assume this couldn't be heading into a bear market if BTCUSD actually reverse after hitting it's .618 fib extension which would cause the hype to die down and other alts to head into bear markets as well. Honestly this idea doesn't seem too farfetched for me considering BTC and seeing the divergence on the weekly RSI for ADAUSD. Now i'm not saying the .886 will be hit, that's more of a wish, but the .5 or .618 which coincides with where it last consolidated, sure. That seems like a fair outlook for where ADA could be heading for the coming weeks/month(s). Ready for all the haters down below. All criticism is welcome though and i'll reply to you all. Honestly wanted to publish this for my records to come back and say oh hey it played out or hey it didn't let me improve on this or I should've taken this into consideration. Anyway, best of luck and set those STOPLOSSES.
No, Cardano is not bullish. It will crash another 92% to $0.01No, Cardano is not bullish. It will crash another 92% to $0.01
Anyone who bought cardano above $0.33 will never break even.
Charles is selling ada relentlessly and the drop will not stop until literally everyone who ever touched cardano has been wiped out.
Do not be fooled. Just because ada is a shitcoin that's already down 94%, doesn't mean it can't drop another 100%.
ADA ADA reached two targets and might hit the third one or might not anyways I will wait for the confirmation for entry to get wither B wave or wave 3
ALSO we are getting a big divergence in daily frame in MACD which is a good signal for LONG
peace :)
Your only going to get one chance for the low. What happens next will affect the future of ADA.
The low is coming and the long term holders will be wealthy.
Examine for transparency. You only get once chance so buy what
your going to buy when it happens and remember to hold long term.
Long term is 3 to 5 years.
Cardano (ADA): new lows again ADA`s struggle to sustain its price at historically lowest levels did not give results during the previous week. Negative market sentiment over the macroeconomic prospectus and FTX contingencies, pushed the price of ADA to new historically lowest level at $0.26 on Friday`s trading session. The whole year was a pretty tough time for ADA. The current question is for how long the coin will be able to sustain price in case of further market shocks?
With the latest price moves, RSI was pushed to the clear oversold side of the market. It implies that short term reversal could be expected. Moving averages of 50 and 200 days continue their downtrend as two parallel lines. There is not even a single sign that a potential cross might occur anytime soon.
Even before the latest market shocks, ADA was struggling hard to sustain its price at higher levels. At this point, it is clear that investors lost significant confidence in this coin. As RSI reached the oversold side, some short reversal might be expected in the coming days. However, considering extremely low daily trading volumes, and general insecurity of investors, it could not be expected any significant move to the upside. It is possible for the price to try to reach $0.30 resistance for one more time, with a low probability that the price might go higher from this level.
ADA - cardano update ; an alternate bottom theoryADA - cardano update ; an alternate bottom theory
Yellow fractal is the same as the other one but stretched out. The momentum signature fits quite well. Zoom out on the chart to see the momentum similarities.
Would mean the bottom is very close and quite soon. Double tap then up only.
That bigger drop option, the momentum doesn't feel right.
note the chart i did back in december i think it was; attached.
macro is pretty darn bad still, everything is still melting, inflation still high, dxy looks like it wants to pump again, at least double top imo, soooo not sure how a bottom could be close. but maybe huh, the financial world is a big irrational casino right now. anything could happen.
going to keep a close eye on this. imo ada is the perfect 'market signaler'.
Cardano is officially dead. Decline won't stop until $0.02.Cardano is officially dead. Decline won't stop until $0.02.
ADA Accumulation I am watching this area for accumulation and the price to run back up to +$0.30
I also am expecting a bullish crypto weekend that may continue into early next week, we will see.
Good Luck
ADA: SHORT THE PANICI'm short ADA, looking to catch a 50% downturn. Cryptocurrency markets are white hot, trading in maximum fear. We are in the late stages of the cryptocurrency liquidity crisis. I expect cryptocurrencies to sell down only until a Ripple / XRP settlement is announced between now and March - June 2023. This announcement will begin Bitcoin's bottom formation. I expect Bitcoin will bottom anywhere between $13,700 and $8,000.
IT'S GAME TIME. BE PREPARED.
ADA/USD 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) hit an all-time low in today’s session, as sentiment in cryptocurrency markets remains bearish, following recent economic data.
ADA/USD dropped to an intraday low of $0.2845 earlier in today’s session, less than a day after trading at $0.3026.
Today’s sell-off comes as cardano fell for a third straight session, breaking out of a key support point in the process.
Looking at the chart, the aforementioned floor is at the $0.3000 mark, which was broken once before, on November 21.
The 14-day relative strength index (RSI) also moved below a floor of 35.50, and as of writing is tracking at 30.91.
This is the lowest point the index has hit since October 22, with prices hitting a bottom of $0.3100 on that occasion.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ADA has at least another 12 months to go.History doesn't have to repeat itself and ADA's limited trading history is only so much to base its future price range off of. IF, and read the IF again, history does repeat itself; ADA has a long accumulation phase in front of it. At least another 12 months before a real and lasting bull market STARTS. Another 6-12 months after that before the next peak.
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The fed is still raising interest rates. The fate of Alt-coins is still tied to the health of BTC. FTX's collapse could spur Congress to take very aggressive measures with other exchanges, etc, etc. Things I'd like to see happen in a years time:
-The fed plateau's interest rates sometime in late summer.
-The fed signals and/or commits to lowering interest rates in 12 - 14 months time.
-Bitcoin hype begins to reemerge in the media after a 85% - 90% correction from prior high. (As of this writing, we're not at that point yet).
~~
Things I would tell the version of myself 1.5 years ago if I could:
-Do not fight the fed
-Make profits, take profits
-Watch Benjamen Cowen's youtube channel.
Not financial, investment, legal, or tax advice. Be smart out there.
Is Cardano going to drop another 90%? Target $0.02.Is Cardano going to drop another 90%? Target $0.02.
Cardano (ADA): slow movesADA is again in its slow-motion mood which started as of the end of November this year. As per current extremely decreased daily trading volumes, it is very probable that this slow motion will continue until the end of this year. Holiday season is coming, in which sense, during the last two weeks of December, it should not expect any significant move on any of the markets.
During the previous week ADA`s price was moving in a range between levels of $0.32 and $0.30. Support line at $0.3 was tested to the downside, but still, as of the end of the week, buying orders prevailed so the coin sustained its price above the support line. RSI made short moves between 40 and 41, still indicating that the market is more oriented toward the oversold side, rather than the opposite one. There has not been change in the moving averages of 50 and 200 days, as lines continue to move in a downtrend as two parallel lines.
Charts continue to point to the level of $0.30 which would most probably be tested once again during the week ahead. At this moment there is no indication that it could be breached to the downside. On the opposite side, there is some space for the $0.35 resistance line to be tested.
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