ADA will be finished corection waveADA will be finished corection wave RR looked wery nice we will doing LONG position. :)
ADAUSDT.P trade ideas
adausdt The best buying range is in the block order rangeBINANCE:ADAUSDT
The best buying range is in the Order Block range
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.
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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.
Upcoming stablecoin launchThe wait for a fiat-supported stablecoin on the Cardano network appears to be over soon. Mehen, the publisher of USDM stablecoin, recently revealed that a limited mainnet launch will take place on March 16. This could be an important step for Cardano in 2024.
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!
CARDANO|Price return from important resistance areaCardano failed to break the last high, and the resistance zone did its job well, preventing the price from growing further.
With the return of the price, we see the formation of a double-top pattern. If the selling pressure is to the extent that it breaks the support area downwards and confirms the price pattern, we expect the price to experience the price area of 0.4425 and then the price of 0.3877.
Upcoming stablecoin launchThe wait for a fiat-supported stablecoin on the Cardano network appears to be over soon. Mehen, the publisher of USDM stablecoin, recently revealed that a limited mainnet launch will take place on March 16. This could be an important step for Cardano in 2024.
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.
ADA 13%Hey there, I've been doing some analysis on ADAUSDT and it looks like there's a potential for a 13% profit in the next 4 hours. It's important to keep in mind that these predictions aren't always 100% accurate, so it's always a good idea to proceed with caution and do your own research before making any investments. Let me know if you have any other questions or if there's anything else I can help you with!
ADAUSDT_N12ADAUSDT
En: 0.5656-0.5733 (Two positions)
Sl: 0.5918 (1% of your balance)
Tp: 0.5232
Cancel if Tp crossed without opening
#15Min_trade
#N12
ADAUSDT Analysis Look carefully at this analysis. You quickly find out that the price moves in a fixed structure. This has to do with support and resistance. Recognizing the loss and gain of levels is very important. Learn to recognize this early. This way one gets a slight advantage over the rest.
#8. TA_ADAUSDT_2024-01-15_09-38-19_4hrs- buy at trend lines
- break out around Feb
learned to cross the Trend Lines and the lesson was about to find the breakout point
The descending triangleI see a nice descending triangle. I will enter into a deal after breaking through the level. A descending triangle. I see a good momentum, a zigzag, good levels, a narrowing of the triangle.
ADA Technical Analysis• After breaking its ascending trend line, Cardano tested its major support at the daily Fibonacci zero zone.
• Subsequently, ADA rose and is currently positioned precisely at its key support area.
• Should the price fail to stabilize above this support, especially with the bearish pattern nearing completion, a return towards the lower support is anticipated.
(All analyses will be updated)
This analysis is informational, not financial advice.
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
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.
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.
DestinyI have not the slightest doubt that an important resistance has been broken and the beginning of the growth cycle has begun, I hope you will not be left behind
ADA Readying Itself for a Strong MoveThe Cardano price was able to break above a medium-term falling wedge that had formed on its charts over the past couple of weeks. This led to the altcoin overcoming the $0.5380 and the $0.5830 resistance levels. In the last 24 hours, however, ADA has fallen below the $0.5830 mark.
This recent pullback has resulted in the formation of a symmetrical triangle pattern on ADA’s 4-hour chart. Should this pattern be validated, the Cardano price may soon enter into a strong move. If this move is towards the upside, the crypto may attempt to reclaim a position above $0.5830. A 4-hour candle close above this level could then lead to ADA rising to as high as $0.6510 in the following 48 hours.
twitter.com
Conversely, a negative breakout may lead to the Cardano price falling to the aforementioned $0.5380 support level. Continued sell pressure should ADA retest this level may force the crypto’s value all the way down to $0.4915.
Technicals in Favor of Bulls
The Moving Average Convergence Divergence (MACD) suggested that ADA’s bullish trend may be cooling off and that it could undergo a bearish reversal soon. This was evident by the MACD line closing in on the MACD Signal line.
The Relative Strength Index (RSI), however, showed that bulls still had the majority of the strength on ADA’s 4-hour chart. Not only was the RSI positioned above its Simple Moving Average (SMA), the prior was also breaking away above the latter. This technical flag may be indicative of an uptick in bulls’ strength.
ADA Bullish Pennant, but does that matter?Bullish pennant on daily. You can clearly see the pole and the volume dropping, both indicating a valid bullish pennant. We would need to see volume surge and for it to break to the upside for validation. Here's the thing, It needs to break above the previous high of .68 cents and that's really the bottom line. Also needs to confirm above that resistance on re-test. Bullish pennants are unreliable with success at around 54% with limited upside if they do break positive, like 6-7% from what I've read. Really IMHO you should be looking at the price action resistance and making a new higher high before trading it. I would look for a bounce off of support in red above the .68 cents previous high. If it fails to do that or breaks down out of the triangle, it's invalid, which happens a lot and can signal a lower low below .54 cents.
it's time to going down for ADAUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
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if you want to enter in this position:
Enter Price: here
Target1: 0.5906
Target2: 0.5850
Target3(Final Target): 0.5731
Stoploss: 0.6078
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