ADA BEARISH PATTERN Hi dear traders
ADA has formed bearish pattern.
If pattern confirmed, we expect to reach the specified targets.
Let's see what happens
This is not financial advice ( DYOR )
Good luck 👍
ADAUSDT.P trade ideas
Short / Sell ADAUSDTPossible Entry: 0.3397-0.3344
TP1: 0.3277
TP2: 0.3210-0.3076
SL: 0.3478
i always move SL to BE after profit more than 20%-50%
Chart pattern look nice for me, possible up to 0.3397, then continue to fall, overall look bearish for me
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.
ada bullish ideabottom hit accumulation done then breakout happened now retesting the accum range .
if alt rally happens conservative target is on the chart
ADA - It will happen, but not yetADA is not ready for lift up but it should happen starting 2025. However, 0.22 should not be broken under any circumstances, otherwise ADA could visit 61.8% at 0.13. The structure looks good for a rounded bottom with the tipically Mount Everest in the middle.
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.
ADA Ending DiagonalADA Ending Diagonal
Back to the drawing board with ADA, since the downtrend simply doesn't give up.
I'm considering that we are in an ending diagonal, which would take us to another lower low beyond green wave III (at 0.2756).
The lack of RSI divergence of wave III supports this view.
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.
ADAUSDT Buy We have buy setup on ADA H1 chart. After the impulsive uptrend we see a little correction and bullish FVG. Risk reward 1:3
Ada is over priceUsa PPI is more than cons... so... baer is coming back
In rsi ada is over price
Many green candles need big red candle😇😇
Potential Cardano Short Trade Cardano is currently in a descending wedge on the daily timeframe. This zone has had nice tight, and compact movement. (respecting the trend, and reacting accordingly)
The pattern is bullish, but the price action has been bearish. While everyone has turned bullish, it feels prime for a great opportunity to go short.
I would like to see a drop back to the lower support for a decent short trade.
(This is just an idea, and not financial advise.)
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 👩💻
Analysis and trading in 30 minutesThere are potential sellers
entry(0.3432_0.3463)
st:0.3505
tp:0.3036
Please if you use this signal
Manage capital properly
thank you
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.
Cardano ADA price slowly turning aroundProbably shouldn't have high hopes for #Cardano CRYPTOCAP:ADA , as it is an old, heavy, and clumsy coin.
However, recently, the information field around the project has been stirring up, to the point where there will be memes on #ADA)
It would be nice to see OKX:ADAUSDT at $0.80 by the end of 2024, following the blue route, w hat do you think?
I don't know what more you need to signal a reversal for ADAThis time we have some clear signs for ADA.
+ Weekly green hammer.
+ Double hammer formation at the 3 days
ibb.co
+ regular bullish divergence at the 1 day/ 3 days / and weekly
+ Breakout of the big dynamical resistance (in yellow) from the ATH.
At ADA/BTC
+ triple bottom at +- 550 sats (at the weekly)
+ regular bullish divergence at the 1 days / 3 days and weekly
Yet we need to confirm the end of the bear trend, in particular for the btc pair, we need to form a higher low.
For the USDT pair we need to break the previous lower high at 0.81$
ADAUSDTThe ADAUSDT price has formed a Shark pattern, and a rebound to the level of 0.4175 is expected. The stop loss will be set at the recent low of 0.3041.
In the not-so-distant futureIn the not-so-distant future, considering the strength of this chart's share, it is not far-fetched
In the not so distant futureIn the not-so-distant future, considering the strength of this chart's share, it is not far-fetched
ADA Spot trade | 1200% or ATH potential in 2025 Bull MarketADA is showing strong potential for a massive 1200% surge or a new ATH in the 2025 bull market. With Cardano's ongoing developments and increasing adoption, this could be a powerful long-term play. Watch for key breakout levels as we head into the next cycle! 🚀 #ADA #Cardano #Crypto"
Cardano may sell from $0.3300 zone.Cardano may sell from $0.3300 zone.
Crypto seems bearish considering the fundamentals around the market.
CRYPTOCAP:ADA moved sharply up after approaching the FIB78.6 zone. The golden TL zone may act as the next resistance.
A drop may follow from there if no positive news follows.
ADA/USDTThis week we will have cpi news and most likely we will have more fall on crypto, so you can buy ONE step in the fall and hold for long term.
Altcoin Season Cancelled? Cardano Faces 30%+ CrashHonestly, most altcoins are stuck in a bearish rut. We haven’t seen any of them making new highs instead, they're hitting fresh lows. BINANCE:ADAUSDT is no exception, staying stubbornly below the EMA200 line. So, the talk of an alt season? We’re not buying it. Let’s zoom in on Cardano and see what’s really going on.
On the daily chart, Cardano is digging in below the EMA200 line and the bearish trendline, reinforcing the strong bearish trend. A rising wedge pattern had formed, but instead of breaking out, it got hit with a series of heavy bearish candlesticks. And just to keep things interesting, the MACD has thrown in a bearish crossover for good measure.
Recently, Cardano took a nosedive, breaking out of the rising wedge with a surge in trading volume, not exactly what the bulls were hoping for. To add insult to injury, the MACD line slipped below the signal line, signaling that the bears were tightening their grip.
With all these bearish signals lining up, we’re eyeing a possible slide toward Target Area 1 at 0.2506 or even a deeper dip to Target Area 2 at 0.2197. These targets are mapped out using the Fibonacci ratios of 1.272 and 1.618.
However, there might be some hope for the bulls if the price breaks above the resistance level at 0.3815.
Disclaimer: "This analysis is purely for educational purposes and shouldn’t be taken as a recommendation to go long or short on Cardano."
If you’re enjoying the ride, hit that rocket button, share your thoughts in the comments, and keep the conversation going!
