ADA confirming breakout out of channel. Looks like it’s well on the way to its target. *not financial advice*
ADAUSD trade ideas
ADAUSD: Changing my EW count. Slightly more bullishThe price action between June and October last year as minor wave 1 and 2 bugged me a lot. The move between June 8 and July 14 looks like an obvious 3 waves. I tried to make it fit with 5 waves, but it was a stretch. The current price action is also an obvious impulse move. The leading diagonal idea is not valid any longer since the current price action moved up too high and in 5 waves. So, I had to go back and start to decompose the previous correction.
If we go back to April 14, 2023, high and make that wave X correction high, then things fall into place with a much more prevalent triangle from April 14th to October 19th. So, the start of impulse is on October 19th, rather than on June 10th. In this count we can also assume minor degree waves 1 and 2 are also complete and the very powerful wave 3 of 3 of 3 should be under way. If this holds true, then my previous idea for loading up at $0.45 will not happen any longer. There should be a slight correction, but it cannot break $0.448. This will also mean price should go at the previous all time high in the next 3 to 6 months before any meaningful correction. In grand scheme of things, price will put in some kind of a cup and handle pattern in the macro timeframe.
I was bullish before, but this count make me more bullish and with slightly higher targets. As long as price does not break below $0.448 between now and the end of this new 5 wave sequence, things are good to run wild!
ADAUSD: Game on!!!ADA has made an unexpected move upward that has confirmed the next bull market. In my last analysis, I was keeping a leading diagonal count as the primary count. That also meant some serious corrections before the move up. However, ADA is making some great strides and the coin price is responding accordingly. If the June to July 2023 price action can be fit in a 5 wave structure, the rest fits in a very nice looking impulse. With this weeks price action, we have a full 5 waves structure on minor degree. It is extremely constructive price action for ADA and pretty much confirms a new ATH within the next 12 to 18 months.
The pattern since June 2023 is looking like a raising wedge and most likely there will be a correction soon. But, there could be another 20-30% move before that happens. Depending on when the correction starts some re-entry targets can be set. I will be buying anytime price goes below $0.45.
Once the current bullish sequence is complete, I will mark that as the intermediate degree wave 1 of primary degree wave 3. The next correction would be intermediate degree wave 2 which can last up to 6 months or about half the time taken for wave 1 (which has been almost one year). This will be last buying opportunity for ADA at the cheap in my opinion, because wave 3 of 3 will begin and we should see the most insane rise for ADA in its history. For now, i am prepared to hang tight and not worry until $0.22 is broken. That is the most critical level to watch.
1D: ADA; LONG SETUP. 30% Upside- WYA Bulls?Sorry about the last chart being on mobile sucks but hope this is better
ADA Elliot Wave Count: Wave 5 almost in!!!!!-ADA is in the Process of printing a high time frame (HTF) wave 1 (W1)
-medium time frame (MTF) is in the final stages of printing its W5
-The 1-1 targets for price and time have both been broken. The next target is the 1.618, which is $1 by march 18.
-On the LTF in order to reach $1 we would need to see a 5th wave extension to the 3-1 fib in time and price.
-Price is currently interacting here with the 1.618.
Additional TA
-untapped monthly open/close + Log 0.618 at $1.14
-monthly naked point of control at $0.96
-Log 0.5 at $0.84 and 0.236 at $0.90
Put it all together and these are the targets
Cardano Struggling?! $ADA has huge potential here!$0.635 resistance level for LSE:ADA is HUGE.... we've failed here 7+ times over the last 80+ days.
Once LSE:ADA can close above/rip through this resistance we should see $0.77 quickly.
WHY I love this trade is the WEEKLY chart! it has been building under this level for months and the weekly chart basically has a GAP to fill to get back to $0.77 without a lot of major resistance levels
Swing Trade:
Entry: I've begun an entry into LSE:ADA going long at $0.631 and looking to enter further on confirmation of a breakout.
SL: Fails often so I'm looking to stop out around $0.60.
**I may hedge/short if $BTC/ CRYPTOCAP:ETH start to pullback today or tomorrow while they hit resistance levels.
ADA → Cardano Lifetime Analysis Shows $7.50 High!? Let's Answer.ADA has established lifetime trend lines following the conclusion of the 2022/2023 bear run. The bear run low at $0.22, provides us a connecting dot to the 2020 bear run low of $0.018, allowing us to establish a Lifetime Support line. Likewise, the conclusion of the 2021 bull run provided us with a connecting dot for a Lifetime Resistance line.
Now that we established a trend, how heavily can we rely on those lines? What about other areas of support and resistance? Will the altcoin market respond to market forces and reach new highs?
How do we trade this? 🤔
Let's answer these questions in order and expand upon them:
1. How heavily can we rely on these trend lines?
As heavily as any other established trend line. While it's important to remember that altcoin markets are more volatile than higher volume markets such as Bitcoin or especially Forex, these support and resistance areas *are* the data. Our analysis frames the playing field such that we can apply trade management strategies to gain a profit, which means any trade we should consider these price areas to be the boundaries of our trades.
2. What about other areas of support and resistance?
Lifetime Support and Resistance frame our macro trend, but we need to zoom into the EMA ribbons and previous areas of support and resistance. After the conclusion of the 2022/2023 bear run, ADA broke through the 30EMA and 200EMA ribbons and established support on both. In my analysis rubric, the 30EMA and 200EMA ribbons are immensely important in determining what price areas are respected by a security.
Currently, ADA is following the movements of Bitcoin and the crypto market as a whole. My Bitcoin Lifetime Analysis explains why I believe Bitcoin needs a strong pullback before reaching new all-time highs:
If Bitcoin fails to find a new all-time high here, ADA will likely stall and fall with it. The degree to which it falls is up for debate, but I would argue we will see the price fall to $0.50 (Weekly 200EMA) at a minimum, with a worst-case being $0.40 at Lifetime Support, maybe a wick into the $0.35 range. This will likely come in the form of a two-legged pullback on the Weekly chart.
Once that pullback concludes alongside Bitcoin, we should see another attempt to find new highs with Bitcoin. If ADA and the altcoin market are going to find strong upward momentum, it will be after Bitcoin and Ethereum find new all-time highs, generating excitement and volume. I'll be honest, what happens with the price from here is difficult to estimate. I believe what is closer to a worst-case scenario is ADA stalls around the 2021 Resistance Zone at the $1.50 range. A best-case scenario is it reaches near the Lifetime Resistance at $7.50. Somewhere in the middle, reaches the previous all-time high of $3.10.
We need to see the market reaction to the pullback and Bitcoin reaching new all-time highs to remotely begin estimating where ADA will land.
3. Will the altcoin market respond to market forces and reach new highs
There are a variety of arguments for and against the notion that we'll get another "alt season" where the alt market securities find new highs. My position on this is that we don't have nearly enough evidence to conclude that the alt market will be strong during this next bull run.
Here are some key points regarding what we do have:
1. Price Action is truth and we have price action data. Bitcoin has had a 300% increase in price since the 2023 $15,500 low, ADA has had a 200% increase in that same timeframe.
2. Volume into BTC and ETH proportionally is greater than the volume into the alt coin market.
3. ADA is respecting support and resistance areas and responding to macro crypto market sentiment.
4. The altcoin market is bloated, but the top 20 coins are more insulated from that bloat.
5. The RSI, a weak indicator on its own, shows us that the market is burning hot and needs a cooling-off period. This supports my other data points.
So where does that leave ADA? As previously stated, we have some key events that need to play out before we can have any confidence in where ADA ends up by 2025. Those include the pullback I believe is coming, followed by Bitcoin and Ethereum finding new highs. Once we hit those marks, we can start talking about $1.50, $3.00, and $7.50 price targets.
The Trade
That being said, we can still construct a reasonable trade based on the data we have. There are two ways to play this chart, wait for the pullback and start buying around $0.50, or start buying now and fade your position in either direction. Personally, I'm going to put weight on my overall crypto analysis and wait for the market to pullback.
My ideal buy for ADA would be at $0.57 after we see an established bounce off of the EMA ribbons. I would place a stop loss below the previous bear trend low at $0.18. My take profit targets would be as follows:
Take Profit #1 : $0.96. For two reasons, this is a 1:1 Risk/Reward ratio, so if I sell half of my position and move my stop loss to my entry price, profits are locked in, and I can swing the second half of my position. The second reason is there is a minor resistance zone at $1.00 on top of $1.00 being a psychological resistance price. $0.96 allows us to sell before that resistance is met.
Take Profit #2 : $1.50. I would sell 25% of my remaining half because this is a major resistance area where a lot of trading happened. This is also about 1:2.5 Risk/Reward, which is reasonable to take more profit.
Take Profit #3 : $2.95. Take another 25% of the second half of the position off the table just before the previous all-time high is met. This will be a major resistance area and the likelihood of it breaking is far less than the $1.50 resistance area. This is also a 1:6 Risk/Reward area, absolutely reasonable to take profits this late in the game.
Take Profit #4 : $6.85. The final 50% of the second half of my position (25% of my original position), will be taken off the table before we get close to the Lifetime Resistance price of $7.50. $7.00 will be a psychological barrier and close enough to $7.50, where if we hit that price, it will be a very low probability compared to just under $7.00. $6.85 is 1:16 Risk/Reward, a massively successful trade at this stage and completely reasonable to close the entire trade and be very satisfied with the results.
💡 Trade Idea 💡
Long Entry: $0.57
🟥 Stop Loss: $0.18
✅ Take Profit #1: $0.96
✅ Take Profit #2: $1.50
✅ Take Profit #3: $2.95
✅ Take Profit #4: $6.85
⚖️ Risk/Reward Ratio: 1:16
🔑 Key Takeaways 🔑
1. Price Action is truth and we have price action data. Bitcoin has had a 300% increase in price since the 2023 $15,500 low, ADA has had a 200% increase in that same timeframe.
2. Volume into BTC and ETH proportionally is greater than the volume into the alt coin market.
3. ADA is respecting support and resistance areas and responding to macro crypto market sentiment.
4. The altcoin market is bloated, but the top 20 coins are more insulated from that bloat.
5. The RSI, a weak indicator on its own, shows us that the market is burning hot and needs a cooling-off period. This supports my other data points.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
Make Way for ADAADA/USD on the daily chart.
Price flipped a rising resistance to support.
Price has retraced to the .5 fib level.
This coincides with an oversold trend in the RSI.
Price has smashed through simple moving averages.
SMA's sloping upward.
Targets overhead in purple based on fib extensions.
Risk:Reward: 1:9
NFA, do your own DD
Novice here.
Cardano: Breakthrough! ⛓️💥ADA has managed to surpass the resistance at $0.64 with a pronounced upward candle. This should now provide further important bullish momentum. We primarily expect the blue wave (v) to continue before it completes the superordinate wave (4) in turquoise further up in the chart. Subsequently, a final sell-off should occur to complete the green wave (2). However, our new alternative scenario (40% likely) should not be disregarded: it considers the low of the green wave alt.(2) as already set. In this scenario, the altcoin is currently in the turquoise wave alt.(3) and will far exceed the anticipated top for the regular wave (4).
Ada bullish patterns.Falling Wedge:
As Ive mentioned, a falling wedge can be a bullish continuation or reversal pattern. It forms when price action creates a descending channel with converging trendlines, suggesting decreasing selling pressure and potential for an upward breakout.
On the daily chart, the consolidation period between January 12th and February 3rd could be interpreted as a falling wedge, especially considering the recent breakout above the upper trendline.
Bull Flag (Revised):
While the previous interpretation considered the entire consolidation period as the flag, a narrower view could identify a smaller flag within the wedge itself. This would be formed by the recent consolidation between January 27th and February 3rd, with the breakout occurring today.
However, the volume during this smaller consolidation isn't significantly lower than the preceding upward move, weakening the bull flag argument.
Observations:
Both interpretations suggest potential bullishness, but the falling wedge provides a wider support and resistance range compared to the smaller bull flag.
Technical indicators remain mostly neutral, with the MACD crossover offering some positive momentum.
Possible Future Movement:
Watch for price action around key resistance levels:
Falling wedge: $0.60, $0.65, and $0.70.
Bull flag (if applicable): $0.55 and $0.60.
Volume plays a crucial role. Increasing volume alongside breakouts strengthens the bullish case.
Confirmation from technical indicators like sustained RSI/Stochastic movement away from neutral and continued MACD momentum would be beneficial.
Overall:
The ADA/USD daily chart presents mixed signals. While both falling wedge and a potential bull flag suggest bullish possibilities, further confirmation is needed. Monitor price action, volume, and technical indicators for a clearer picture before making any investment decisions.
longterm resistance line is broken up - bullish flagwe have longterm resistance line is broken up also bullish flag with target around $1.8
ADA/USDT Breakout AlertBreaking Horizontal Resistance. Potentialy New High !
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
CARDANO flag towards $ 0.78Cardano forms flag. Will we hit $ 0,78 next?
Take profits $ 0,78
Stop loss: $ 0,65
ADA price set to achieve $1 shortlyRecent Surge: ADA experiences a 7.31% jump, indicating a bullish momentum.
Breakout Potential: Teasing a breakout above the $0.68 mark, aiming for $1.
Bitcoin and Crypto Market Boom: As Bitcoin hits $64,000, the crypto market exceeds $2.30 trillion, boosting altcoins including ADA.
Recovery and Retest Success: Following a successful retest at $0.57, ADA is on track for a new 52-week high.
Current Trading Position: Trading at $0.675 with a notable 7.31% intraday growth and a 134% surge in trading volume.
Market Cap Ranking: ADA holds the #8 spot with a $24.25 billion market cap.
Technical Indicators: The MACD indicates a bullish crossover, signaling a potential price trend reversal.
Breakout Rally to $1: The ADA price is positioned for a breakout rally, with a close above $0.70 signaling an entry for traders.
KOG CRYPTO - ADAUSD We're testing out some Crypto using our unique strategy and applying the algo. We're already running the test on this since last month so far running at 10% gain locked in.
It's a test at the moment, let's see how they perform.
As always, trade safe.
KOG
Cardano ADA targets $13 by November 2025 - Minimum 2,000% gainsHi everyone!
In this publication, we will dive in the technicals and boom and bust cycles of Cardano or ADA :
Short-term:
ADA will likely hit $1.17-1.24 in March 2024 and pull back down to retest the previous top as support at 0.69-0.59c ~ which would be a great buying opportunity if it comes along. Reaching the ATH could be possible but currently is a low probability as the bulls are lagging a bit behind. It is likely that the test of the ATH would come much later in Q4 2024 or Q1 2025.
Midterm:
There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case ADA s clearly displaying those bottoming bull reversal patterns although still unconfirmed:
(1) Basing with a double bottom at 0.262-0.219c
(2) Rounding bottom (half blue circle)
Long-term:
ADA is still attempting to break the top resistance block (red box) at 0.60-45c and is still very far from breaking the previous ATH at $3.10 which may come much later in Q2 2024 as mentioned earlier.
So buying know at 0.58c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make at minimum 2,000% in gains if my 2025 Megabull forecast plays out as expected and we see ADA top at either T1: $13 or at T2: $20-23 by October-December 2025.
Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of ADA and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $2.75-1.90 (more or less previous top holding as support and a good 83% drawdown from the T1 ATH).
Closing Notes:
This historical multiyear chart is my attempt at forecasting the action of Cardano for the next 4 years and will be updated regularly.
Please give a like and follow to this chart if you appreciate this chart and the work put behind it.
Best of luck and happy trading!
Carl M.
ADA BullishADA forming a bearish bat harmonic pattern on a 4hr Timeframe and starting to form a bullish sentiment on a daily TF
ADA Short ScalpingAfter an epic failed before, I wont trade on 1H TF anymore... too fast for crypto to respond to lower TF trendline
Overnight trade for ADA futures - MMBM 15minPrice had a rally on the PM session today. Im expecting continuation of the move for te LN session.
Bullish prices for ADA - MMBM 1DI'm following this scenario for the rest of the month and maybe the first week of March.
The plan is to trade lower timeframes with this premise and take MMBM on the 4-hour and so on
1W timeframe context:
ADA Feb 20th UpdateSharing another Atl coin bullish setup from the TTR:
ADA is setting up for a bullish rush.
.90c is the first resistance to test and break, followed by the main target of $1.70.
The first breakout bull market target is $3.30, but the ideal target is $6.30+
