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ADAUSDT trade ideas

ADA: Pullback in UptrendTrade setup : Price remains in an Uptrend. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back, breaking below $0.65-0.68 key level. We would be buyers near $0.57 support, which could be a swing trade entry opportunity in Uptrend, with +15% upside potential back to $0.65-$0.65 near-term. Stop Loss (SL) level at $0.52. Trend : Neutral on Short- and 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
Ada has good potential in 2024🔥Hello, dear friends!☺️ 🧐Today, I present to You my chart showcasing the promising potential of the ADA coin (from Cardano). As you all know, Cardano has its own cryptocurrency called ADA, which serves as the primary asset of the platform. They utilize the Proof of Stake (PoS) algorithm to ensure network security and support its decentralization.💻 ⚡️It's essential to highlight that the Cardano project adheres to scientific methods in the development and implementation of its technologies, contributing to increased security and stability of the network. Regarding the price movement of the ADA coin, let's take a look at the chart.👀 In December 2023, the price broke through the resistance line of a parallel channel that had been forming for almost a year (marked in red). The formation of this channel began after a prolonged sharp decline in price following the last bull run. I've labeled this parallel channel as the bottom on the chart!👇 💡It's safe to assume that in the coming months (medium-term perspective), we can expect the price of this coin to rise. By placing several buy orders (orange zone) to catch it at the optimal price, setting the marked levels for selling (take profits) at 0.9, 1.0, and 1.2, and keeping in mind the stop-loss level 🛑 - under 0.38, it could be a very profitable deal!🔥 🚀I believe the potential for this coin is quite good, but significant growth will require more time. So, let's add it to our checklist and keep an eye on it 😉 🧐What do You say, folks? How do You feel about ADA and the Cardano project itself? Do You have any experience trading this coin? Thanks for Your attention, stay tuned! Subscribe not to miss out. 🫶 Always sincerely yours, Kateryna💋
Long
by RocketBomb
5
ADAUSDT bullish continuationThe current market analysis suggests that ADA/USDT is experiencing bullish continuation, indicating a favorable environment for considering purchasing ADA with USDT. This assessment is based on technical indicators and possibly fundamental factors, such as positive news or developments surrounding the project. On the daily timeframe, a significant buying zone is identified between $0.56 to $0.58. This range represents an area where substantial buying interest has historically been observed, potentially acting as a support level to prevent further price declines. Additionally, on the 4-hour timeframe, a fresh buying zone is noted between $0.59 to $0.61. This zone not only aligns with the upward trend but also respects the trend line, adding further confluence to the buying opportunity. The identification of these buying zones highlights the importance of technical analysis, particularly in understanding key price levels and trend dynamics. Traders may use tools such as support and resistance levels, trend lines, and chart patterns to identify such zones and make informed trading decisions. Moreover, the alignment of the fresh buying zone with the trend line adds significance to the buying opportunity, as it suggests a confluence of factors supporting upward price movement. This could attract more buying interest from traders looking to capitalize on the continuation of the bullish trend. It's crucial to emphasize that trading decisions should always be accompanied by proper risk management strategies. This includes setting stop-loss orders to limit potential losses and adhering to position sizing principles to manage risk exposure effectively. By incorporating risk management practices, traders aim to protect their capital and minimize the impact of adverse market movements. In conclusion, the analysis suggests a bullish continuation for ADA/USDT, with significant buying zones identified on both daily and 4-hour timeframes. These zones offer potential entry points for traders, with the added confluence of respecting the trend line. However, prudent risk management remains essential to navigate the uncertainties of the market and ensure long-term trading success.
Long
by MOAZAM1133
Macro HopiumTried to make this line up with fib times. W & Y are about equal in time and degree, this is assuming BTC rallies into the end of the year and bottoms in 2023 and that alts bottom a few months after it. The primary (3) impulse is taken from primary (1), added previous ATH trendline which seemed like it could be significant. Let me know what you think! Definitely not accurate do not invest based on this, especially exact targets!!! Just a general longer time frame idea, I am noob
by jhoeb
1
ADA - Breakout from the Triangle BINANCE:ADAUSDT (4H CHART) Technical Analysis Update ADA is currently trading at $0.5251 and showing overall bullish sentiment. ADA just broke out from descending triangle and showing overall bullish sentiment. If this trend continues, we can expect ADA to new highs soon. Entry level: $0.4980 - 0.5258 Stop loss level $0.4175 Target 1: $ 0.6160 Target 2: $ 0.7738 Target 3: $ 0.9873 Target 4: $1.202 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
ADA/USDT | 1W 👀CRYPTOCAP:ADA is approaching a significant resistance level. If it manages to break above $0.8, it should soar... Perhaps, after correcting from current levels, the price will form a trend support. In that case, it will also be possible to consider additional purchases, but for now, I'm just observing! - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of Cardano. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Cardano #Investment #ADA
by Nyskohuz