Short Idea Based on Fibonacci Levels and Market ConditionsHi everyone!
Analyzing the current price action, we observe that the asset is positioned near the lower end of the 0.382 Fibonacci retracement level. It has reached the top of a descending channel and is beginning to retrace from its local high, signaling potential bearish momentum.
Additionally, Bitcoin currently exhibits a bearish outlook, with a CME gap below the $90k area , which could act as a magnet for further downside. Furthermore, Bitcoin is trading near a significant resistance level, rejected 3–4 times on the 1-hour chart around the $96–97k range. Since Bitcoin strongly influences altcoins, this bearish pressure could spill over into the broader market.
As for ADAUSDT, we can see it forming a descending channel after hitting its local high, further reinforcing the bearish narrative.
Proposed Targets:
TP1: 0.9435
TP2: 0.9070
TP3: 0.8750
This setup is supported by technical analysis, Fibonacci retracement levels, and the overall market structure. As always, ensure proper risk management and confirm this setup with your
own analysis before executing the trade.
ADAUSDT.P trade ideas
The Magic of Elliott Waves on the #ADA CurrencyThe Ada currency will move towards the $1.70 target after passing the correction you see in the picture (it is formed as an ABCDE triangle)...
After breaking the top of the triangle, it will move towards the $1.70 target.
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ADA Outlook after the Dip. What to expect NOW ?As you can see, the price is forming two bullish patterns on the DAILY timeframe. I expect the price to rise to the top of the triangle to complete the handle of the cup and handle pattern. If my view is correct, Cardano will rise to $1.25 .
And if this pattern is correct and breaks, higher targets are possible.
Give me some energy !!
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Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADAUSD - From this simple chart, whole crypto market bullish?While its not necessary obvious to guess next move on BTC, some alts like ADA can help a lot
ADA made a rebound on the weekly 200MA on the 20th of December, that mark was also a support from the previous high made in feb 2024 and another support on feb 2022
as we are talking with big timeframes, chances for the asset to go under 20th December lows are very unlikely (but still possible), making the WHOLE crypto market still very bullish
what now ?
We can easily revisit ATH at 3, the faster we reach it, the higher we can go next
3 possibilities : February, April or September
not financial advice
Cheers
ADA still in correction, preparing for another surgeBasically I expect another low before the rise. My own buy orders are place on 0.72$ for at least 100% gain in mid-term.
Possible targets for the next wave are marked on the chart. Needs to be adjusted when the exact low of the correction is known.
Republish the practice with correct HH, HL, LH, LL tags on ADAI have taken the trade using Indicator (W/M - ultimate (OS)) which shows me the trend is Upward till now, and the divergence in RSI is also upwards so I have taken the trade.
But then I predicted the trend using Higher Highs, Higher Lows, Lower Highs, and Lower Lows by myself and I could see the Last lower Low, but in the Indicator, this Last lower Low is not shown,
I'm a bit confused that if my custom trend is not correct or the indicator is not accurate,
Practice Trend analysis on ADAUSDTI have taken the trade using Indicator (W/M - ultimate (OS)) which shows me the trend is Upward till now, and the divergence in RSI is also upwards so I have taken the trade.
But then I predicted the trend using Higher Highs, Higher Lows, Lower Highs, and Lower Lows by myself and I could see the Last lower Low, but in the Indicator, this Last lower Low is not shown,
I'm a bit confused that if my custom trend is not correct or the indicator is not accurate,
Which way ADA: Break down or Sideway...sIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
ADA Pattern Analysis: Key Levels and Scenarios
$1.20 Rejected Before Reaching
Cardano (ADA) recently made an attempt to push higher but failed to reach the $1.20 resistance level, resulting in a rejection. This rejection highlights $1.20 as a key barrier for the bulls. A successful break above this level in the future will likely require significant momentum and increased volume to confirm a continuation of the uptrend.
Move Up Didn’t Hit the 80% Retrace → Flat/2x3 Ruled Out
The recent upward move failed to reach the 80% retracement level, effectively ruling out the possibility of a flat correction or a 2x3 pattern. These structures typically require a deeper retracement to remain valid. With these possibilities eliminated, attention shifts to other likely scenarios that fit the current price action.
Likely X of 2xZZ or B of a Triangle/1 of Diagonal
The failure to hit the 80% retracement brings a few potential patterns into focus:
X of a Double Zigzag (2xZZ): ADA could be forming a complex corrective structure, with the current move acting as another actionary wave to a most likely break of the W pivot. X waves can be anything, depending, but a ZigZag is the most likely.
B of a Triangle: The price action may reflect a triangle formation, with ADA consolidating within a bounded structure before resolving either upward or downward.
1 of a Diagonal: The possibility of a Ending diagonal suggests the end of a trend.
$0.76 (BCC) Critical
The $0.76 level has emerged as the Bearish Count Confirmation/Conversion (BCC), a critical pivot for determining the pattern printing. Holding above $0.76 indicates that ADA is likely entering a sideways consolidation phase, building a base for the next significant move. A break below this level would signal potential weakness, invalidating some of the bullish scenarios and shifting the bias toward a more bearish outlook.
Conclusion
The $1.20 resistance rejection underscores the need for stronger momentum to break higher, while the $0.76 level serves as a key support. Observing price action at these levels will help determine whether ADA is in an X wave of a double zigzag, a B wave of a triangle, or the early stages of a diagonal.
Patience is key as these patterns develop.
Trade safe, trade smart, trade clarity.
ADA on high time frame
"Regarding ADA on the high timeframe, the chart indicates that recent candle formations and analysis suggest that the price has swept liquidity and is poised for an upward movement. Depending on your strategy as a holder or trader, consider buying in anticipation of higher prices."
Cardano: Ready To Resume (Bullish Continuation —Trade-numbers) The Cardano chart setup you and I spotted a week ago is ready to resume growing. Most likely.
The falling wedge depicted on the chart represents a correction, a mild one. After the correction there was an advance and the first resistance level produced a retrace. This was a strong retrace but the action remains as a strong higher low and a bullish resumption is more likely than a bearish continuation.
The reversal 20-Dec. was a very strong one, indicating that this is likely the correction bottom. The recent retrace was also a strong one but it reached nowhere near to the 20-Dec. low.
Let's look at this from a different perspective. ADAUSDT is considered bullish above 0.76. If it trades above 0.83, this pair is strongly bullish and a new bullish advance can develop at any time.
The action is happening above 0.83, current price is 0.91, so Cardano is bullish, technically speaking. We are bullish on Cardano and expect higher prices in the coming weeks and days.
With all this said, remember that market conditions can always change. If there is break of support on the weekly timeframe, we can expect lower prices. If the support is pierced on the hourly or daily timeframe, this is no big deal as a recovery can happen the next day.
The target can be seen on the chart.
Sideways is also possible.
Full trade-numbers below:
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ADAUSDT (PP: 140%)
ENTRY: $0.8300 - $0.9365
TP1: $1.0147
TP2: $1.1409
TP3: $1.3452
TP4: $1.4907
TP5: $1.6757
TP6: $2.2105
STOP: Close weekly below $0.8000
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Thank you for reading.
Namaste.
ADAUSDT"In this analysis, I aimed to examine the entire structure of Cardano from the beginning. I identified that we are currently within a corrective structure, and the current position appears to be the third wave of this correction. I anticipate that it may unfold as a Diametric pattern. Follow me to stay updated as we track this structure!"
ADA/USDT: Bullish Breakout Ahead!Hey traders! 👋
ADA/USDT is forming a symmetrical triangle on the 1-day chart, signaling consolidation and a potential strong breakout. Current market momentum suggests this move could be bullish!
💡 Trade Setup:
Entry: Wait for a breakout above the resistance level at $0.88 to confirm the bullish move.
Target: The first target is set at $1.40, offering an impressive 56% profit potential!
📈 Three-Phase Plan:
1️⃣ Phase 1: Price breaks the triangle and rallies to $1.40.
2️⃣ Phase 2: A correction pulls back to support near $1.15.
3️⃣ Phase 3: Price surges again, targeting levels above $1.75. 🚀
⚖️ Risk Management:
Stop Loss: Place your stop at $0.73, ensuring a 3:1 risk/reward ratio.
🌟 Why bullish?
Symmetrical Triangle: This pattern often leads to significant moves.
Strong Fundamentals: ADA is showing bullish momentum within a positive market environment.
📊 Summary:
Entry: Above $0.88 (bullish breakout)
Target 1: $1.40 (+56%)
Target 2: $1.75
Stop Loss: $0.73
Let’s get ready for the breakout and seize the opportunity! 🚀📈
#ADA #Cardano #Trading #ChartAnalysis #BullishBreakout #Crypto #CryptoTrading
📌 Disclaimer: This is not financial advice. Always trade responsibly and manage your risk!
ADAUSDT.1DADA has been consolidating in a volatile range, with clear signs of rejection from the R1 resistance level ($1.1888). The broader trend shows bullish momentum has slowed, transitioning into a consolidation phase. The descending trendline (S7) has acted as a short-term resistance, but a breakout above this line recently indicates the possibility of a bullish continuation.
The key to ADA’s next move lies in whether it can sustain its position above the major support levels.
Support & Resistance Levels
Resistance 1 (R1): $1.1888
This is the primary resistance level that ADA needs to breach for bullish momentum to regain strength. A break above this level could open the doors for a rally toward $1.3264 or higher.
Support 2 (S2): $0.7428
This is the critical support level and the lower boundary of the range. A breakdown below this level could invalidate the bullish structure and lead to further downside.
Technical Indicators
MACD (12,26,Close):
The MACD line is marginally above the signal line, indicating a neutral-to-bullish sentiment.
The histogram is slightly positive but shows low momentum, suggesting indecision in the market.
RSI (14,Close):
The RSI is hovering around 50.40, reflecting a balance between buyers and sellers.
A decisive move above 60 would confirm bullish momentum, while a drop below 40 could indicate renewed bearish pressure.
Chart Patterns & Price Action
The chart suggests a triangle breakout above the descending trendline (S7). However, the price has failed to gain significant upward traction, facing resistance near $0.93. This lack of follow-through indicates that bulls need stronger momentum to push prices higher.
Projection & Scenario Analysis
Bullish Scenario:
ADA must reclaim $1.1888 (R1) to confirm a bullish breakout.
If successful, the price could target $1.3264 as the next resistance zone, with potential for further gains if market conditions align.
Bearish Scenario:
If ADA fails to hold above $0.7428 (S2), the price could retest the $0.50 region or even the low of $0.3034.
A breakdown would likely trigger increased selling pressure, signaling a bearish trend.
Conclusion
In conclusion, ADA is at a pivotal point, consolidating between critical support and resistance levels. The short-term outlook remains neutral until the price decisively breaks above $1.1888 or falls below $0.7428. For now, I remain cautiously optimistic, leaning toward a bullish bias if the support zone holds and momentum strengthens.
ADA’s price action should be closely monitored, as confirmation of either scenario will dictate the next significant move.
I think I have drawn a flawless painting !!! As you can see, the price is forming two bullish patterns on the 4-hour timeframe. I expect the price to rise to the top of the triangle to complete the handle of the cup and handle pattern. If my view is correct, Cardano will rise to $1.5 . so I think I have drawn a flawless painting!!!!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!