Get started

ADA 3x Long / Tether

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

ADAUSDT.3L trade ideas

Inverse Head and Shoulders ?The inverse head and shoulders pattern is a widely recognized bullish reversal pattern in technical analysis. For ADA/USDT on the chart, this pattern could indicate a potential trend reversal from a downtrend to an uptrend. The pattern typically consists of three troughs, with the middle one (the head) being the lowest, and the two others (the shoulders) at a similar height. If ADA/USDT forms this pattern, a breakout above the neckline—drawn through the peaks of the two shoulders—would increase the probability of a bullish move. Traders often wait for a confirmed breakout with significant volume to gauge the strength of the reversal, with the pattern's target price typically being the distance from the head to the neckline projected upwards from the breakout point. However, external market factors and overall cryptocurrency sentiment should also be considered before concluding the likelihood of a strong upward move.
Long
by afktraders
1
Could Cardano price go to USDT1.9840 in 2024?Current Cardano or ADA price is USDT0.6813 as per 29 Feb 2024. Currently the price of all Cryptocurrency is going up due to the approval of Bitcoin spot ETF in the US and the anticipation rally of the Bitcoin Halving in some time around April 2024. These are the current strong tailwind driving the Cryptocurrency market higher before the Bitcoin Halving. If there is no Strong Headwind coming into play on the FED's FOMC in 20th March 2024 and all the FOMC meeting this year. Then there could be a most likely case for a Bitcoin Halving rally this year. If FED's FOMC decision to cut rate remain as per the January 2024 meeting with 2 to 3 rate cut this year around 50 basis to 75 basis point. Then FED will decision on FOMC will not be a strong headwind. However, there might be others coming event will be a strong headwind for cryptocurrency market example like more wars in the world or geopolitical tension involving the USA. The potential mild recession in the USA (not very likely due to current Data in Jan 2024). I am waiting for a bad PCE number today for this price of Cardano to drop to around USDT 0.5711. The price might also go lower to USDT 0.4584 if the Feb 2024 CPI, PPI and PCE numbers are hotter than expected. There might be potential some pull back even when the Fed's FOMC direction remain unchanged of 2 to 3 rate cuts. A dip. This year peak could be at USDT1.9840 if not strong headwind appears in Q1, Q2 or Q3 but appears in Q4. If no strong headwind appears the price could even breach the previous record high at USD3.10 (roughly around there). Trader should by the dip for Cardano from March 01, 2024 to March 20, 2024. If no bad PCE news then just buy now and keep the token for Bitcoin Halving rally.
Long
by juntech8
ADAUSDT.1DExamining the daily chart for ADA/USDT, it’s apparent that Cardano has undergone a period of considerable decline followed by stabilization. The chart reveals a clear descending trendline, with price peaks progressively lowering, indicative of a strong bearish trend. The price currently hovers near $0.3530, with evident support around the $0.2786 level, marked as S1. This support is critical as it has previously prevented further declines. The resistance levels are defined, with the primary resistance R1 at $0.4634. The price action around these levels suggests consolidation with a potential for either an upward breakout or further downside if the support fails. The Moving Average Convergence Divergence (MACD) shows the MACD line below the signal line and close to crossing back, which can often suggest a potential shift in momentum. However, the negative values imply bearish pressure remains. The Relative Strength Index (RSI) is around 45, indicating neither overbought nor oversold conditions, suggesting a lack of strong momentum to drive price significantly in either direction. In summary, ADA/USDT is in a critical phase, consolidating within a bearish trend. A decisive movement beyond the established resistance at $0.4634 could signal a reversal and potential bullish upturn, while a break below the support at $0.2786 may extend the bearish trend. Given the current market conditions, my strategy would involve closely monitoring these levels for signs of a breakout or breakdown, allowing for tactical entries based on confirmed movements beyond these key thresholds.
Long
by MarsSignals
1
ADA: The Rally Awaits!Hello traders, I hope you're all doing well. Here's a technical analysis of Cardano (ADA) on the weekly timeframe. ADA is currently forming a symmetrical triangle pattern and is holding the support trendline at $0.28. It must maintain this support and break above the resistance trendline. If it fails, the price could drop as low as $0.087. In the long term, ADA aims to reach its all-time high of $3.1 again, which would represent a 10x gain from the current market price. I hope this analysis helps. Please remember to conduct your own research before investing. Regards, Team Dexter.
by Dexter_The_Trader
Lingrid | ADAUSDT short from the RESISTANCE zoneOverall, BINANCE:ADAUSDT appears bearish on the daily timeframe. However, it seems to be in a consolidation phase as the entire crypto market moves sideways. The price has established a range below the 0.35 resistance level, and I believe it may decline to retest the support areas. Additionally, the formation of a doji candle on the daily chart indicates a pause in the upward movement, despite the prevailing bearish trend. I expect the price to drop and enter a consolidation zone between 0.30 and 0.34, as the market seeks to find its footing. My target is support level at 0.3250 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
8
Long On ADA/USDT, Short term.ADA is currently exhibiting two bullish patterns across multiple timeframes. On the 1-hour and 4-hour charts, it is forming a classic W pattern, signaling potential upward momentum. Simultaneously, on the 15-minute and 1-hour timeframes, a cup and handle formation is emerging, which is often considered a continuation pattern that could lead to a breakout. Both patterns are aligning to suggest a potential upward move, offering traders the possibility of a 10% gain on a spot trade. However, market conditions can change rapidly, and it is essential to conduct thorough research, evaluate risks, and consider entry and exit points before executing any trades. Always prioritize risk management and avoid overleveraging in volatile markets.
Long
by gauravjain8544
1
I don't know what more you need to signal a reversal for ADAThis time we have some clear signs for ADA. + Weekly green hammer. + Double hammer formation at the 3 days ibb.co + regular bullish divergence at the 1 day/ 3 days / and weekly + Breakout of the big dynamical resistance (in yellow) from the ATH. At ADA/BTC + triple bottom at +- 550 sats (at the weekly) + regular bullish divergence at the 1 days / 3 days and weekly Yet we need to confirm the end of the bear trend, in particular for the btc pair, we need to form a higher low. For the USDT pair we need to break the previous lower high at 0.81$
Long
by khundar