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ADAUSDT trade ideas

The Market Trend Has Recently Shifted DownwardIn the 4-hour timeframe of ADA, we previously observed an upward trend, which warranted the drawing of an ascending trendline. However, the market trend has recently shifted downward, confirmed by the breaking of the first significant support, known as the blue box. This area, previously recognized as the main support, has failed to prevent a price drop, resulting in a significant decrease in Cardano's price. Given these conditions, the downtrend is expected to continue, and any price increases should be considered temporary and minor.
by MonoCoinSignal
ADA - Time to Do or Die!Clarification: 1. I am hoping ADA will recover and perform well. However, hope is not a trading strategy; this chart is mega-bearish. 2. The chart is on the weekly TF, but the EMAs are the Daily EMAs. Analysis: 1. ADA lost the upward-sloping trendline on April 2nd. 2. ADA was unable to reclaim the uptrend on April 8th. 3. As a result, ADA dropped to its initial support level of 45 cents. 4. Should ADA fail to reclaim the trendline, it is in danger of completing a Head and Shoulder Pattern on the weekly TF. 5. The Pattern’s target is 8-cents. Initial Invalidation: • Reclaim the trendline and the daily EMAs, whichever comes first. Final Invalidation: Make an HH above 82 cents. Best wishes
by NewThoughtCrypto
ADA: Approaching SupportTrade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Swing Traders:That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57. Stop Loss (SL) level at $0.55. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Long
by altFINS
Lingrid | ADAUSDT building Bearish PRESSUREBINANCE:ADAUSDT has been building bearish pressure. If you zoom out, you can see that the price was hitting the support zone 0.5600-0.5700 for over a month. Basically, it is building a descending triangle where we have equal lows and lower highs. Most likely, the market will break through the support level and retest the lower prices. Probably the flat number at 0.5000. I expect the market to move lower following the trendline breakout. My target is a support level at 0.5300. 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
1
ADAUSDT → The bulls are holding the price. Waiting for the rise BINANCE:ADAUSDT is testing the limit support area, which is actively defended by buyers, within the framework of the uptrend. A buyer appears on the market. Caradno is trading in a very wide channel, in general it indicates to us the actual potential. The price cannot break through the MA-200 yet, but most likely the next attempt may be successful. The coin is lagging behind the growth of the whole market and in general continues to accumulate energy. The price is testing 0.5687 amid the market correction. The area is quite important, behind which there is a huge pool of liquidity, but the bulls continue to actively restrain this area. Resistance levels: 0.6788 Support levels: 0.5687, 0.4877 Regarding 0.5687, after the false breakdown on April 10, a liquidity grab is formed, buyers appear on the market. High probability of trend continuation and price strengthening to the local maximum BINANCE:ADAUSD BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
16
Honestly, I don't feel like explaining, the chart says it all !!Hi. COINEX:ADAUSDT Chart is Speaking It Self!!! Simple analysis... The price has found the ascending channel support,Expect move up and reach the $0.80 level as the next target. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
2
🐳Cardano will Go Up Again🐳Hi. BINANCE:ADAUSDT ✅Today, I want to analyze ADA for you in a 12h time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves .also a bullish Divergence (RD+) on MACD which shows Positive Signs for CARDANO. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 Starting 5th waves. 🟢 Bullish Divergence ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
ADA : BIG NEWS for Cardano 👀👇📉Hi Traders, Investors and Speculators of Charts📈 In recent news we've just learnt that Cardano is being considered to assist in the upcoming voting processes! Multiple US states are exploring the potential of leveraging Cardano for enhancing election transparency through the integration of blockchain tech into the voting process. Now this does not necessarily mean that ADA coin will be involved, but it does speak to the confidence in the Cardano blockchain. This fits in well with the chart technical analysis, where we can see that the bullish news is just in time for a new bullish cycle. According to the CEO of the Cardano Foundation, some US states have reached out to discuss the development of a blockchain-powered voting system. One of the biggest concerns surrounding elections is election fraud, and blockchain provides the perfect solution. The aim is to conduct elections with increased transparency. It is high time that we use the power and possibilities of blockchain. For voting purposes, a lightweight blockchain solution will enhance the transparency and accountability of the voting processes. At the same time, Gregaard also hinted at similar discussions taking place in the UK where there have been enquires to blockchain based solutions for voting. Considering that Cardano has been in this space for a while and is well established, the probability of them collaborating in a blockchain-based voting solution is quite likely. The Cardano Foundation, like many other decentralized blockchain entities, have already incorporated blockchain-based voting into its operations to democratize decision-making. Cardano employs Catalyst, a platform enabling ADA holders to propose and vote on network projects. This way, Cardano has already proven with a working product a way for blockchain based voting. Cardano may face competition if the idea gains traction in the US. Other blockchain networks may also try to propose their initiatives and it is not guaranteed that this project WILL ultimately fall to Cardano. But Cardano is well equipped for such a challenge. Recent data shows a surge in developer activity on Cardano, surpassing even Ethereum. This suggests that developers increasingly viewing Cardano as an appealing platform with opportunities comparable to Ethereum. The influence of Cardano has extended beyond voting initiatives, as evidenced by its collaboration with the Dubai Police on a blockchain pilot project. This project aims to securely share sensitive data with global law enforcement agencies like Interpol, showcasing the diverse applications of blockchain technology in combating crime. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:ADAUSDT
Long
by CryptoCheck-
ADA: Descending Triangle BreakoutTrade setup : Trends are mixed but long-term still appears in an Uptrend with Higher Highs and Higher Lows. Bullish breakout from a Descending Triangle pattern could see price swing up to $0.65-$0.68 near term and possibly $0.80 thereafter. Stop Loss (SL) level at $0.55. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. 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 $0.57, then $0.46. The nearest Resistance Zone is $0.65 - $0.68, then $0.80.
Long
by altFINS
A potential head and shoulders arrangement on CardanoThe formation of the formation will be confirmed by a decline confirmed by a large trading volume. The minimum range of decline, measuring the height of the formation from the neck line down, is ~ 0.35. However, it should be remembered that such a movement may occur in an interval of 4 hours or 1 day - so the movement may last a week and a long time... In this situation, breaking the local downtrend line may result in a break of the formation and three ranges of an upward movement.
by cryptodailyuk