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ADAUSDT trade ideas

CARDANO - Beware of the Zombie 🧟Charles Hoskinson, the visionary founder of Cardano, boldly predicted that ADA, the native token of the Cardano blockchain, is poised to dethrone the current cryptocurrency giants, Bitcoin and Ethereum. I seriously doubt it will surpass any of the 2 (BTC or ETH) but i do tend to think it will be in the Top-5 At the same time, Cardano’s loss to Base leads to ‘zombie chain’ tag The disparity in the TVLs highlights how the Base has won the hearts of market participants while the Cardano hasn’t been exactly attractive. While Hoskinson’s proclamation has garnered admiration and anticipation, dissenting voices within the cryptocurrency community remain. Evan Van Ness, a prominent member of ConsenSys and an Ethereum advocate, criticized Cardano, labeling it a “zombie chain” due to its position below Base’s TVL (Total Value Locked). The debate will be on and ADA is facing more and more competitors.. remember the race against SOLANA and POLKADOT? ADA is still ahead of those in total marketcap. Don't cross out CARDANO..It will strike back remember Haskell: remember the Crypto Fable🐢: Time to look at ADA? Well, a lot depends on the market as such. One Love, The FXPROFESSOR
Long
by FX_Professor
12
ADA --Is the Head and Shoulders Pattern Activating?ADA ( CARDANO) Potential for a 20% Drop ! We are observing a head and shoulders pattern on the 4-hour and daily timeframes. This pattern could activate if the 0.59 to 0.56 cent support zone is breached. In this scenario, we could see a 18 to 25% drop in price. Key Factors to Consider: Confirmation of Pattern: The pattern should be confirmed with a break below the neckline and increased volume. Target Price: The target price for the pattern is calculated by measuring the distance from the head to the neckline and projecting that distance below the neckline. Risk Management: It is important to use proper risk management techniques when trading this pattern, such as stop-loss orders. Please note that this is not financial advice and you should always do your own research before making any trading decisions.
Short
by Crypto-Oracle1
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