ADAUSDT trade ideas
Cardano (ADA):Multiple Rejections From EMAs / Breakdown IncomingCardano has made a good movement after having multiple successful re-tests of that 200EMA, where each one of them gave more and more confirmations of the seller's dominance.
With that being said, we are now back at the liquidity grab zone, which is also a smaller support. Upon breaking it, we should see a really good downward movement here!
Swallow Team
ADA's PERFECT Entry Is Here! To The Moon And BeyondIf you've followed my analyses for a while, you must recognize this chart. I've been looking at ADA's long-term bullish channel for almost a year at this point. Check my previous analysis below.
And today, our (potentially) entry of a lifetime has been hit! Assuming that ADA will keep trading within this channel, the entry is a no-brainer.
As some other investors rightfully pointed out, a 25$ target requires a massive move which is not the most likely scenario (hence the huge risk-reward). For more defensive traders, I've added a new trade with a target at 3$.
Happy to hear your thoughts
ADAUSDT Bearish ForecastHello there,
ADAUSDT dropped to support area 0.4439 then went above the 36-DEMA formed a higher low above it and high above the previous high of 0.4536 and the current candle seems bullish above this previous high.
I expect the price to go up to reach the 0.4800 supply area, where it will likely be rejected from that area, and then drop to 0.3836 with two price targets.
Happy Trading,
K.
CLEAR AS DAY! ADAWe can look at the chart and see exactly what level needs to be claimed for me to consider this project bullish!
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
Opened ADA UP position at 0.482 price with 5x leverage Hi everyone,
In last 3 days ADA price increased on over 10% and I think that it's just a beginning.
I just opened ADA UP position at 0.482 price with 5x leverage on Fybit trading platform.
First target is 0.52, Second target is 0.62, Stop loss at 0.42
This is a high risk trade but potential reward is worth it.
Please, do not forget to boost this idea & share it with your friends; thanks.
SasanSeifi 💁♂ Daily Price Analysis (ADA)Hi there!✌
As can be seen on the daily timeframe, the price has been on a downtrend from the 0.80 cent range. Following the breakdown of the 0.45 low, the price has experienced positive volatility within the liquidity range. Subsequently, after reacting to the 200 EMA range, it has once again faced correction due to the failure to establish above the 0.50 cent range and the EMA. Further correction to the 0.38 cent demand zone and the 0.30 cent zone can be considered. The probable trend is also indicated in the figure above.
After ranging and positive fluctuations, we are expected to see a further correction to the demand zone and the BULLISH BB. Then, we can expect a ranging trend and a positive reaction from the demand zone. In case of positive fluctuations, to better understand the continuation of the price movement, it should be observed how the price will react to the important 0.50 cent range to better understand the continuation of the price movement. The 0.50 cent range is a significant resistance level.
In addition, Expect ranging with potential for further correction followed by a bounce off the demand zone. The key resistance is 0.50 cents. A breakout above 0.50 cents and the 200 EMA could signal growth to 0.55/0.60 cents.
Please note that this is not financial advice and should not be taken as such. Always research and consult with a financial advisor before making investment decisions.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
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Considering a Long-term Long position at ADA ( Cardona ).As we know ADA reached a higher high last February. That means it shows strength to rise again, even to make a higher high. Some might say Change of Character (CHOCH) formed here. What I am seeing is not CHOCH, just gaining some strength while BTC is going down. Closing a candle above 0.525 in 1W TF will be a huge confirmation to go even further. I am waiting for the Break of Structure (BOS) or CHOCH in the 1H-4H timeframe.
ADA - A GOOD TIME TO APE IN
Quick one yeah, you might want to start buying BINANCE:ADAUSDT now assuming this is the end of the wave Y-green of wave 4-orange or wait a bit for price to create another leg to $0.3622 which will bring us to the second scenario that the previous high, wave X-green is our wave 5-orange instead.
If the later is correct then we ill definitely see price retrace to the 60-79% Fibonacci level as wave larger degree wave 2. Whichever way, ADA might be bearish short term but bullish mid - long term.
OTHER ANALYSIS
ADA - PICK YOUR POSITION NOW AND ON HE LAST DIVE
This is the BINANCE:ADAUSDT update for our daily timeframe (see chart below for context) I strongly believe there is just one last leg down from $0.400 - 0.3550. From there will be an aggressive buying I have a limit order in that region adding to my initial position.
Also, from the daily timeframe we seems to have a support the which price has been testing.
PREVIOUS ANALYSIS
OTHER ANALYSIS
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ADA (CARDANO) RETIREMENT SETUP - MACRO ANALYSIS - $35
This is the macro view of the daily timeframe analysis
I have already aped in BINANCE:ADAUSDT and already set a limit order below to DCA around the 60 - 80% Fib (see daily timeframe for context). This whole idea is invalidated one price retrace 100% from the last low created on the 10th of June 2023 which serves as the stop order. If average entry be $0.45, BINANCE:ADAUSDT should print at least 500% coming Alt Season.
What do you think? HOPIUM OR COPIUM?
OTHER ANALYSIS
Market Update - June 17 2024many coins including #ADA have formed one of these two patterns (4H timeframe) and are ready for breakouts, we're currently in the indicated circle, if #USDT.D analysis works accurately, we'll be seeing pumps in such coins namely:
#DOGE - #FTM - #LINK - #QTUM - #ILV - #SUSHI - #APE - #FLOW - #GALA - #EGLD - #ALGO - etc
ADA/USDT From Bearish Wedge to Bullish PotentialBINANCE:ADAUSDT
Got it! Here is another detailed analysis of the provided chart:
Analysis of ADAUSDT (3D Chart)
1. **Falling Wedge Pattern:**
- **Formation Period**: The falling wedge pattern formed from around July 2021 to May 2022.
- **Pattern Characteristics**: This pattern is characterized by a series of lower highs and lower lows, converging towards a point. It's generally considered a bullish reversal pattern.
- **Breakout**: The breakout from this pattern appears to have occurred around May 2022.
2. **Post-Breakout Behavior:**
- **Initial Surge**: After breaking out of the falling wedge, the price surged upwards, reaching a target near $1.70.
- **Consolidation Phase**: Following the surge, the price entered a consolidation phase, with significant fluctuations between $0.2500 and $0.7000.
- **Current Price**: As of the latest data point on the chart, ADA is trading at approximately $0.4119.
3. **Support and Resistance Levels:**
- **Support Levels**:
- Near-term support around $0.3500.
- Long-term support could be inferred near $0.2500 based on historical price action.
- **Resistance Levels**:
- Immediate resistance around $0.7000.
- Major resistance around $1.70, the previous high post-breakout.
4. **Trend Analysis:**
- **Downtrend to Sideways Movement**: Post the breakout, there has been a transition from a downtrend to more sideways movement, indicating possible accumulation.
- **Potential Bullish Momentum**: If the support levels hold, there could be a potential for bullish momentum, especially if the price breaks above $0.7000.
5. **Indicators (not visible in the provided chart, but commonly used):**
- **RSI (Relative Strength Index)**: Would help determine if the asset is overbought or oversold.
- **Moving Averages**: Useful to identify trend directions and potential support/resistance levels.
- **Volume**: Important to confirm the strength of price movements and breakouts.
6. **Price Targets:**
- **Short-term Target**: Breaking above $0.7000 could push the price towards $1.00.
- **Long-term Target**: If bullish momentum continues, reaching the previous high of $1.70 is possible.
Conclusion
The ADAUSDT chart shows a significant pattern with potential bullish implications if key support levels hold and resistance levels are broken. Traders should watch for confirmation of trends and consider indicators like RSI, moving averages, and volume for more informed decisions.
Cardano (ADA): Another Attempt To Breakdown!Cardano has made another attempt to breakdown the local triangle formation after forming a quick lower high zone on the upper line.
We are looking for the current price to stay below EMAs, which would result in further movement to lower zones and a price securing that zone below the lower trend line!
Swallow Team