ADAUSD Is this 1W Golden Cross what the market needs??Cardano (ADAUSD) just formed a 1W Golden Cross this week, the first in its history, amidst a continuous bearish sequence since the December 02 2024 High. With its 1W RSI just below neutrality, this simply highlights the undervalued condition of this token relative not only to the rest of the high cap market, but also to its previous Bull Cycle.
As you can see, based both on 1W RSI and price action terms, we may be in a consolidation phase similar to September - November 2020, at the end of a Megaphone pattern. That pattern was the Accumulation vessel of the Cycle that led to the massive 2021 parabolic rally and the eventual Cycle Top / Higher High of the historic Channel Up.
According to that, we should be expecting a 1.236 Fibonacci extension test, targeting $5.000.
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ADAUSD trade ideas
ADAUSD – From Panic to PushADA double-topped near $0.5850 and dropped sharply to $0.5350. The current leg shows a clean recovery structure forming higher lows on the 15-min. If bulls hold $0.5550 on pullbacks, next resistance lies near $0.5750. A breakout from this squeeze setup could trigger a fast move back to highs.
Will History Repeat for Cardano? Looking back we can see the timing of previous runups. 6 month consolidation (grey boxes) followed by a 1-2 month rip of 4-5x. 0.51 support seems to be holding up well so far.. double Wyckoff snipe at the 0.786 retracement level. If history repeats, ADA trades rangebound until Oct/2025 before its next major move up as long as the uptrend remains intact. What do you think?
ADAUSD – Pressure Builds Beneath ResistanceADA exploded off $0.545 into $0.61 before reversing sharply. After the pullback, price stabilized above $0.575 and began compressing in a coil. Structure is bullish if $0.582 holds — a clean breakout through $0.59 could open a path back to $0.605+. Below $0.575 invalidates.
$ADA Short IdeaCRYPTOCAP:BTC.D just broke and retested its 0.786 retracement and is now headed for 71% over the next 3-4 months. I would expect ADA to first fall to 0.51 (0.786 fib). More likely it will bounce off the bottom of this accumulation cylinder at 0.38 range before making another significant move up, meanwhile BTC.D will quadruple top at 71%. Remember that large institutions know what retail holds and there will be no alt season until most retailer traders have given up and sold their alts.
Cardano UpdateA lot of you have been DMing me asking for altcoin analysis. i hear you, but here's the truth:
- Right now, most altcoins are simply too weak to offer a reliable forecast. I prefer to post when timing makes sense, not just for engagement, but to avoid misleading anyone.
- BTC Dominance is still heavily suppressing the altcoin market, and I’d rather wait than risk rekting my followers with premature calls.
So why do I post about Cardano? :
- Simple, Cardano is one of the most established altcoins. It makes sense to track its evolution alongside Bitcoin and Ethereum. When you're analyzing the broader market cycle, starting with BTC, ETH, and ADA gives meaningful context. Newer cryptocurrencies from 2020+ don’t have the same historical data, which makes reliable analysis much harder.
Back to Trading (Everything is marked on the chart for easier reading) :
- Cardano got rejected around $1.25, which aligns with its 2018 ATH, a key historical resistance.
- Check the bullish megaphone pattern and how it connects with the trendline and that $1.25 level (marked with yellow dotted lines).
- Also observe the minor bounces and retests above the bearish triangle trendline (light blue).
What we can do now?
- Nothing. If BTC dips, altcoins will likely follow and get rekt.
Best strategy for now:
- Consider setting a buy order around $0.41 (don’t go all in).
- Keep some dry powder in case of further downside, potentially to rebuy around $0.21 if pressure continues.
Be wise, be patient, ride the wave, don’t fight it.
Happy Tr4Ding !
Cardona: Keep accumulating at lower pricesHello,
Cardona is currently correcting on the 2 days' timeframe. Looking at the Fibonacci retracement, the pair has retraced from the recent top and is trading near the 78% retracement level. The coin is currently correcting hence setting up for a good opportunity for buys. The flag pattern is a great pattern that can be used for continuation confirmation.
Cardano is a proof-of-stake blockchain network which can run smart contracts and Apps on its ecosystem. Arguably the beginning of the third generation of cryptocurrency, founder Charles Hoskinson broke away from his position at Ethereum in 2015 to create what is now considered one of the more peer-assessed projects in the game. Its native token ADA (named after English mathematician Ada Lovelace) was launched in 2017 and is designed to oversee governance and encourage participation in its ecosystem.
We see a strong case from both a fundamental and technical perspective. We see this as a perfect opportunity for long term crypto believers to keep accumulating the asset at depressed prices.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Cardano (ADA) - BIG falling wedgeCardano (ADA) Technichal Analysis
ADA has been trading within a falling wedge – a pattern that often signals a potential breakout.
✅ Watch the green trendline as key support. If price holds above, we could see bullish moves within the range.
⚠️ Break below may lead to uncertain, choppy territory.
📈 For long entries, look for a daily close above the wedge resistance – confirmation is key!
ADA - hope for the best, plan for the worstDaily TF
Key level @ 0.73
Breaks above this level and the downtrend would send Cardano to 0.98
With mega-bullish target @ 2.20 - 2.40 price range.
5 touches @ 1.15 - 1.17 range which could be another Take-profit zone enroute. I think also a hedge-short bet at this level could work as a separate trade.
If we fail to break above 0.73 I believe the next natural move down would the 618 fib which has multiple touch points and could present a long entry @ 0.46
Weekly trading plan for ADAGood morning !!
ADA is moving perfectly in our scenarios, since last week we have reached exactly the levels we expected on the chart. At the moment the price may be in a local ABC correction, so I considered opening a Long position, consider your own risks - this is of utmost importance.
Targets for growth are marked on the chart, also in case of a false breakdown I have marked possible support levels in case of price fall
Write a comment with your coins & hit the like button and I will make an analysis for you
The author's opinion may differ from yours,
Consider your risks.
Wish you successful trades ! mura