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ADAUSDT trade ideas

ADA : This FRACTAL shows New BULLRUN 📢📉Hi Traders, Investors and Speculators of Charts📈 ADA / Cardano has spent an extended period in the "Accumulation Zone" (this basically means sideways trading at very low prices). According to Wyckoff Method, this is the pre-cursor to a new bullish cycle. The new bullish cycle is identified when we see a breakout ABOVE the range trading zone. This is where our fractal comes in. Cardano has previously done a similar thing where the price stayed in a tight rage for an extended period of time. This, was infact the precursor to the bullcycle that led to the previous ATH ! If you didn't get an entry in the accumulation zone, now is your second chance before the price starts another bullish cycle. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
Long
by CryptoCheck-
1
ADAUSDT Close Examination of Precise Fibonacci Support BounceYesterday ADAUSDT price found a steadfast support at $0.4925, offering a front-row seat to a precise bounce off the 261.8% Fibonacci level. However, the plot thickened as the price briefly broke lower, only to stage a recovery and resume trading above the crucial support level. The unfolding narrative places a spotlight on today's daily closing price—a pivotal moment that could shape Cardano's trajectory. If today's closing price holds above the current support, we may be on the brink of witnessing a substantial rally. This isn't just about numbers; it's a tale of Cardano's ability to weather storms, find support in unexpected places, and defy downward pressures. The next chapters hinge on the closing price today, as Cardano enthusiasts eagerly anticipate a resurgence. Stay tuned, as the daily chart holds the key to unveiling ADAUSDT's next move in this gripping market saga.
Long
by CryptoPAMM
When will the Cardano ADA price be above $1 ?If we apply Elliott wave analysis to the ADAUSDT price movement, we will see very harmonious proportions. It can be assumed that the ADAUSD price is currently at the stage of a correctional wave - 4 - and in order to continue its dynamic growth, it is not advisable for the ADA price to fall below $0.40-0.46. (despite the fact that it has already reached $0.465) If this condition is met, then in the near future (Q1 2024), as part of t he -5- impulse wave , the price of Cardano ADA will have every chance of crossing the $1-1.10 mark, or even higher. As always, we are waiting for your thoughts in the comments below the idea.
Long
by P_S_trade
18
ADA: 54 and a Half to 55 Cents Current Ceiling of ResistanceHi EVeryone! Cardano's current Ceiling of Resistance < According to the 2-Day and 3-Day time frames is the Yellow B-Band Basis in the 2-Day and 3-Day. Which is currently at $0.5450 to $0.55 Cents. The reason I say this is because the level of the Red Line in the 2-Day and 3-Day is still well below Yellow Level 50. Which means the probability is rather low to justify us going above the Yellow B-Band Basis for a sustained period of time. We're not ready to go above the Yellow B-Band Basis for a sustained period of time just yet. There is a low probability of continuing over-extending above the Yellow B-Band Basis but we must say the probability of that occurring is low due to the current level of the Red Line in the 2-Day and 3-Day time frames. 2-Day is bottom right of center and 3-Day is bottom right corner in the chart below: Hope this publication was helpful. Happy Trading and Stay Awesome! David
by WyckoffMode
6
ADAUSDT POSSIBLE WAVE 1/A COMPLETION Possible wave 1/A is almost completed There is divergence between wave 3 and wave 5 so this gives us a high probability of wave 5 completion but it is still possible for wave 5 to go lower . if the white trendline is broken , wave 5 will probably go as low as 0.4017. currently RSI is below 50 and momentum is bearish . price needs to break wave 4 high and RSi should read above 50 to confirm bullish momentum in order to confirm wave 5 completion. This idea will be invalid if price breaks 0.4017 and close below it . Good LUck
Long
by Alpha_54321