Get started

ADA 3x Long / Tether

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

ADAUSDT.3L trade ideas

ADA USDT PERPHello Trader BINANCE:ADAUSDT.P enough to make a wonder for the chart there are many liquidation areas. so to minimize this loss mapping for SPOT only can be in installments /ca area 0.3948 - 0.3746 because the area is the strongest support among previous supports. but if you want to short the area there is also for now, it's okay. Please add a comment and Positive feedback and constructive criticism are important to authors and the community. Disclamer: Not Financial Advice
Long
by mfiqrihanafi
6
💎 ADA/USDT - Bullish Target Reached, What's NXT? (READ CAPTION)By checking the Cardano chart in the weekly time frame, we can see that the price entered the specified supply range based on our analysis and started to fall from 0.6140 and fell to 0.4866! This fall will continue if we stabilize the weekly candle below the price of 0.4650, in which case we can expect more fall from Cardano! Otherwise, targets above 1 dollar are not far from expected! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
3
Cardano: Resistance, Fibonacci Levels, and Potential BreakoutsCardano (ADAUSDT) has been a standout in the ever-evolving world of digital assets over the last several years. As I dig into its current analysis, we'll focus on key Fibonacci levels, resistance points, and potential breakout scenarios based on recent price movements. The insights discussed here should help you better understand the current state of ADA's market. Fibonacci Levels and Resistance One of the fundamental tools in technical analysis is the Fibonacci retracement, which helps identify potential support and resistance levels based on key price swings. In the context of Cardano's recent price action, we'll analyze the Fibonacci pull from the high to the low in June 2023. 1. Resistance at Around 60 Cents : Based on the Fibonacci retracement, there's significant resistance at approximately 60 cents. This level aligns closely with the 200-weekly moving average (200EMA), which often serves as a strong indicator of long-term support or resistance. A breach above 60 cents could signal a notable bullish breakout. 2. Confluence of Resistance : At present, Cardano faces multiple layers of resistance. These include the 200EMA, the 200-simple moving average (200SMA), and a downtrend resistance line, marked in orange on the chart. Such confluence of resistance levels often creates a formidable barrier for price appreciation. Overcoming these resistance zones will be a critical test for ADA's bullish potential. Potential Breakout Scenarios Cardano's price action, like many other altcoins, is influenced by broader market dynamics, especially the performance of Bitcoin (BTC). Here are potential breakout scenarios to consider: 1. Breaking 32 Cents : A breakout above 32 cents could pave the way for further gains, with 43 cents becoming a likely target. However, it's important to monitor the stability of this breakout, as a swift reversal could lead to renewed bearish sentiment. 2. Challenging 43 Cents : If Cardano manages to breach the 43-cent resistance level and hold it, this could indicate a stronger bullish momentum. At this point, reaching the crucial 60-cent mark becomes a more likely scenario, as overcoming 43 cents often acts as a catalyst for further gains. 3. Cautious Optimism : While a potential move to 60 cents is on the radar, it's prudent to exercise caution before speculating on higher targets like 82 cents. Market dynamics can change rapidly, and the cryptocurrency space is known for its volatility. Keeping a close eye on price movements, market sentiment, and broader economic factors is essential. --- Cardano's technical analysis reveals a dynamic landscape with significant resistance levels, particularly around 60 cents, where the Fibonacci retracement and the weekly 200EMA intersect. ADA's ability to overcome these hurdles will be closely watched. The cryptocurrency market is highly influenced by Bitcoin's performance, and any developments in BTC could have ripple effects on ADA's price. As you navigate this space, it's crucial to remain adaptable, conduct thorough research, and have a well-defined risk management strategy in place. While the prospect of reaching 82 cents may seem distant for now, market conditions can change rapidly, and Cardano's journey continues to be one worth monitoring closely. Stay informed and prepared for potential breakout opportunities, all while keeping an eye on the ever-evolving cryptocurrency landscape.
Long
by bitdoctor
2
ADA Faces ☁️ & Downside Risks in the Next 7 Days Despite Cardano leading in code commits over the past year, surpassing Ethereum, Polkadot, and the BNB network, the current scenario appears grim. Daily active addresses on Cardano have recently plummeted, accompanied by a decline in daily transactions on the network. ATTMO predicts overcast conditions ☁️ and a bearish trend for Cardano CRYPTOCAP:ADA in the upcoming 24 hours. The likelihood of this trend persisting for the next 3 & 7 days suggests an extended downside potential for the coin. Follow us for more crypto weather reports!
by ATTMO
Ada sitting on support. What's next?From mid-October to December, BINANCE:ADAUSDT experienced a remarkable rally, surging by approximately 250%. However, after two unsuccessful attempts to surpass 0.7 in December, the coin began a retracement, eventually dipping below 0.5 at the onset of the new year. The recovery from this recent decline appears feeble, marked by a lower high on our chart, and the coin reversed at the support zone. Given the potential for a more significant correction in BTC, I anticipate that AdaUsdt will tread a similar path and breach the support level. In such a scenario, a decline to 0.4 seems highly likely.
by Mihai_Iacob
ADA/USDT intraday analysisADA/USDT is currently showing a strong sell-off from the price point of 0.6055, accompanied by a significant volume area. This indicates a substantial accumulation of contracts. It's likely that sellers active in this area will defend their short positions. Should the price revisit this zone, we can expect these strong sellers to exert further downward pressure on the market. The combination of a downtrend and a strong volume area forms the primary basis for my short trading decision. Happy trading, Matty
Short
by mightymatty
Cardano ($ADA) Gains Momentum as Next Big ETF Candidate Cardano ( CRYPTOCAP:ADA ), the renowned blockchain platform, is gaining significant attention as a potential candidate for future exchange-traded funds (ETFs) in the U.S. With the cryptocurrency community actively discussing the approval of altcoin-based ETFs following the green light for Bitcoin ETFs, Cardano has emerged as a front-runner in this new wave of investment products. Cardano’s Stability Attracts ETF and Investor Focus With the introduction of ETFs, an institutional interest in cryptocurrencies is anticipated. Cardano, known for its unique technological approach and solid community support, is a promising option for these investors. A recent thread by a prominent Cardano blogger, @cardano_whale, addressed to his 143,300 followers, highlights the reasons for this growing interest. Cardano’s peer-reviewed, stable, and lightweight protocol, combined with a unique blend of UTXO and PoS in its consensus mechanism, sets it apart in distinctly solving the blockchain trilemma. The protocol’s resistance to centralization, evidenced by its inclusive and transparent ADA distribution, makes it an attractive option for investors wary of manipulation. Unlike many other cryptocurrencies, founding entities control only about 10% of the CRYPTOCAP:ADA supply. Moreover, Cardano’s staking design is touted as one of the most decentralized, with many validator nodes enhancing the network’s security against potential attacks. Cryptocurrency ETFs Pave Way for Broader Adoption Cardano’s appeal is not limited to its robust security and decentralized nature. The platform’s ongoing developments in scalability and functionality position it as a rapidly evolving and feature-rich blockchain. This evolution is crucial for supporting a diverse range of decentralized applications (dApps), a sector that has seen exponential growth. The adaptability of Cardano is further enhanced by its support for multiple programming languages, which broadens its appeal to a wider developer community. The recent onboarding of hundreds of native tokens and DeFi applications underscores the ecosystem’s dynamic nature. Combining these factors and programmable ADA scarcity cements Cardano’s status as a leading dApp ecosystem with solid organic growth. The conversation around Cardano ETFs is taking place against the backdrop of an evolving regulatory landscape for cryptocurrency investment products. The approval of Bitcoin ETFs in the U.S. has allowed other cryptocurrencies to follow suit. Industry experts, such as Valkyrie’s co-founder Steve McClurg, have expressed optimism about the potential approval of ETFs for other major cryptocurrencies like Ethereum ( CRYPTOCAP:ETH ) and XRP. Cardano is already making strides in this direction, backing the Swiss-registered 21Shares Cardano ETF and participating in the OTC-traded Grayscale Digital Large Cap Fund (GDLC) portfolio. The establishment of such ETFs could significantly enhance the accessibility and attractiveness of Cardano to a broader range of investors, particularly those from traditional finance sectors looking to diversify their portfolios with digital assets.
Long
by DEXWireNews
1
ADA: Pullback in UptrendTrade setup : Price remains in an uptrend. Following a bearish breakout from an Ascending Triangle pattern, price pulled back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Stop Loss (SL) at $0.43. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Long
by altFINS