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ADAUSDT trade ideas

ADA: A Comprehensive Analysis of the 23-24 Cent RangeOkay, so it looks like everyone's been talking about ADA, the cryptocurrency that's all the rage these days. Let's dive in and see what's going on with this digital coin. One thing that stands out is the presence of a whole bunch of factors that seem to be converging around the 23-24 cent range. For starters, there's a gap in volume that's big enough to drive a truck through. And if we use the Fibonacci retracement tool on a log scale (because who doesn't love a good log scale?) to measure the move from March 2020 to September 2021, we find that the 50% retracement level is right in the same neighborhood as that gap in volume. Talk about convenient! Another confluence to consider is the Elliott wave pattern from the top. The wave 4, which looks like a triangle and is currently hanging out in the 50 cent range, is joined by the 38% retracement level in this same area. Using the Fibonacci projection to figure out how long wave 5 will be, we can apply the rule that wave 3 is never the shortest. Since wave 1 appears to be longer than wave 3, we can safely assume that wave 5 will be shorter than wave 3. This means that if the price dips below 21 cents, it could invalidate this whole wave count. No pressure or anything. Finally, it's worth noting that the price of ADA has been making lower lows while the RSI has been making higher highs. This is known as a divergence, and it's pretty solid. All things considered, it looks like there are a ton of confluent factors in the 23-24 cent range, making it a great spot to consider building a long-term position. Just remember, it's always important to do your own research and due diligence before making any investment decisions. So there you have it! The 23-24 cent range could be a great place to park your ADA, but as with any investment, it's important to do your own analysis and make informed decisions. Happy trading and may the crypto gods be with you! If you found this analysis helpful and want to stay up to date, be sure to follow me for more insights and analysis.
Long
by DEFI-trader
🚨BREAKING: [b]$ADA[/b] keeps holding.🚨BREAKING: CRYPTOCAP:ADA keeps holding. #Cardano fam, time for our Weekly analysis . Price already hit our 1st target ( 0.43USD ) What to expect now? Facts First, conclusion at the end . FACTS: Price keeps holding above our RED rsi line (good). Trend support rising, now at 0.45-0.50 range. Trend Strength indicator still signaling " Strong Uptrend " No bearish signals on our oscillator. Next target zone @ 1.15USD CONCLUSION: A. Still holding my CRYPTOCAP:ADA position, not taking profits yet, we are riding this trend perfectly. B. Unless bearish signals appear and confirm i will keep holding until we hit our next target at 1.15USD . One signal at a time. Not financial advice. That's a wrap! If you enjoyed this Weekly Analysis: 💙Like and RT this tweet to share it with your audience.
Long
by RiderAlgo
ADA: Ascending TriangleTrade setup : Trading in an Ascending Triangle pattern, with $0.65 acting as triangle resistance trendline. Now we wait for price to break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. 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 > 55 (Bullish). 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.
Long
by altFINS