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ADAUSD trade ideas

Cardano (ADA): small potentialPrevious week was generally positive for the crypto market, regardless of the fact that very unfortunate events led to this surge in prices. Although the price of ADA did not make some extraordinary jump in value on the weekly level, still, it is positive to see that this coin has its own audience of investors, waiting for the moment to get back into this coin. During the previous week ADA was moving in a range of $0.31 up to $0.36. Still, the coin is finishing the week around the $0.35 resistance line. The RSI was modestly pushed above level of 50, reaching the 55, indicating that the market is just gearing for the overbought side. Interesting development with MA50 and MA 200 is continuing for the last three weeks, as both lines move together as a one line, still missing to provide clear view, if the cross actually occurred or not. With the start of the week ahead, ADA will continue to test the $0.35 resistance line. In case that there is market strength for a move to the higher grounds, then level of $0.37 might be a next target. However, in case of a short reversal, the coin might again look at the $0.32 level.
COINBASE:ADAUSD
by XBTFX
ZEUS Bullish MACD Setup - High Accuracy of Winning TradesOur MACD Setup is created to reveal winning entry points for a trade with high accuracy. In our MACD Setup we combine multiple conditions to recognize only strong entry points. Multiple factors need to be met in confluence: 1. Recognize the Trend = Bullish / Bearish Trend (50 EMA is Above / Below 200 EMA) 2. There is a MACD Cross = Bullish / Bearish MACD Cross (MACD Cross is Below / Above Zero Horizontal Line) 3. Avoid False Signals in a Sideways Markets = MACD Cross far from horizontal zero “0” line 4. Filter only Strong Trend Situations = Candle Close above/below 200 EMA 5. Avoid Extreme Values in RSI = check if there is way to go before we get oversold/overbought 6. Our Algorithm Filters Signals in Side Trend and Low Volume Markets Let´s explain the conditions step by step 1. Recognize the Trend Exponential Moving Average (EMA) is one of the most effective trend identification indicator. Traders like it because of it its simplicity. EMA is usually used in combination between 200 days (as a slow indicator) and 50 days (as fast indicator of the trend). Bullish Trend = EMA 50 is Above EMA 200 Bearish Trend = EMA 50 is Below EMA 200 2. There is a MACD Cross After we recognized the Trend (Bullish Trend in our case) we would like to trade with the trend so we are looking for Bullish MACD Cross. Bullish MACD Cross is Below Zero Horizontal Line 3. Avoid False Signals in a Sideways Markets So we found Bullish MACD Cross and now we want to be sure that the Cross far away from the Zero Horizontal Line. Our algorithm filters crosses and shows only signals with decent distance form Zero Horizontal Line. 4. Filter only Strong Trend Situations Once we have met the first three criteria (Bullish Trend and Bullish MACD Cross far from Zero Horizontal Line) we need confirmation that the market is still strong and is moving forward in an uptrend. So we look at price action and there need to be Candle Close Above EMA 200 . Closing about EMA 200 indicates continuation of the trend. 5. Avoid Extreme Values in RSI The other condition is based on RSI and we are looking only for situations where RSI is not overheated so there is a way for trend continuations. In our case RSI was in the middle values so we can expect market to continue its uptrend. 6. Our Algorithm Filters Signals in Side Trend and Low Volume Markets We have developed our own Algorithm which filters signals in low volume markets and side trend.
BINANCE:ADAUSD.PEducation
by ZEUS_Algo_Indicators
ADA / USD Weekly Chart Eventual LongHello traders. Just an update on Cardano. I got hit pretty good when the market crashed, and ADA was trading around $2.88. Saying that, after months of downside movement, I got back in. I don't really care if we drop below where I got in, it will go up in the next bull cycle. Cardano plays by all the rules, and will most likely, in my opinion, be accepted by the government. They are coming after crypto here in the US to fund all the free stuff and over spending. Trade the trend and be well. Big G gets all my thanks. Long term holders of any good Eth based / smart contract, will be rewarded. (Polygon..(Matic), Cardano..(ADA), and Vet..(Vechain) are all winners in the long term. And of course I am a long term heavy holder of Etherum, the true winner in the next 3 to 5 years. Be well and thanks
COINBASE:ADAUSDLong
by musclemilk0075
Cardano (ADA): short reversal?ADA was losing strength for the last three weeks. Events during the previous week around Silvergate Bank, Silicon Valley Bank and FED Chair Powell testimony, only pushed the market to move price to the downside at a higher pace. ADA`s price reached a minimum weekly level at $0.30, which is a support line for this coin. Around this level the coin is also finishing the week. During the time of general sell-off, the RSI indicator moved to the downside, reaching level of 30. This is an indication of a clear oversold side of the market, from where, short reversal might be expected. Moving averages of 50 and 200 days are moving a bit strangely during the last two weeks. Namely, they are moving together as one line, still not providing a clear view, whether a cross actually occurred or not. Charts are pointing that ADA is currently at sort of a cross-road. Namely, the support line at $0.30 is currently tested, but in case that this level is breached further to the downside, then the next target of ADA will be a $0.26 level from the end of December last year. This might occur only in case of further negative news on the market. Otherwise, RSI is pointing on potential for a short reversal, in which sense, ADA might revert to $0.34-$0.35 levels.
COINBASE:ADAUSD
by XBTFX
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