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Cardano / TetherUS

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ADAUSDT trade ideas

Technical Analysis of ADA/USDT Chart (Cardano/Tether) Key Levels in the Chart: 1. **Support Area (Green Zone):** - This zone is near the $0.30 level and acts as a strong support. The price has reacted to this area several times. 2. **Resistance Area (Red Zone):** - This zone is near the $0.80 level and acts as a strong resistance. The price has touched this area multiple times but failed to break through. 3. **Weekly Liquidity Levels (LIQ):** - At the top of the chart, the $1.038 level is marked as a weekly liquidity area. This zone likely has a high volume of sell orders. - At the bottom of the chart, the $0.1276 level is marked as another weekly liquidity area. This zone likely has a high volume of buy orders. Other Key Points: - **Change of Character (Choch):** - Points indicating significant changes in price trends. - The first Choch occurred near the support area around $0.30, indicating a trend change from bearish to bullish. - The second Choch occurred near the $0.65 level, indicating a trend change from bullish to bearish. - **Break of Structure (Bos):** - Points indicating the breaking of support or resistance and trend changes. - The first Bos occurred near the $0.50 level, indicating a break of support and the start of a bearish trend. - The second Bos is near the $0.45 level, indicating a potential break of the bearish structure. Technical Pattern: - **Symmetrical Triangle Pattern:** - The price is currently forming a symmetrical triangle pattern, indicating consolidation and decreasing volatility. This pattern usually precedes a significant move. - The peaks and troughs of the pattern are converging, and a breakout is expected soon. Trend Analysis: 1. **Bullish Scenario:** - If the price breaks out of the triangle pattern upwards and breaks the $0.80 resistance, it may move towards the $1.038 liquidity level. - Target levels in this scenario: - $0.80 (Resistance Area) - $1.038 (Weekly Liquidity Level) 2. **Bearish Scenario:** - If the price breaks out of the triangle pattern downwards and breaks the $0.30 support area, it may move towards the $0.1276 liquidity level. - Target levels in this scenario: - $0.30 (Support Area) - $0.1276 (Weekly Liquidity Level) Volume Analysis: - **Volume:** - Decreasing volume during the formation of the triangle pattern indicates declining trader interest. A sudden increase in volume may signal a breakout and the start of a new move. Conclusion: The ADA/USDT chart indicates a consolidation phase in a symmetrical triangle pattern, likely leading to a strong move soon. Traders should watch for potential breakouts from the pattern and make decisions accordingly. Support and resistance levels are crucial, as their breakage can signify important trend changes in the market.
by Hooman_Badiefar
ADA : Extreme WEAKNESS, be CAUTIOUS👎BINANCE:ADAUSDT Cardano, like XRP and a few others, have been left behind during the recent BTC surge. We're about to see another leg up on BTC and likely a new ATH but ADA is barely able to break out of accumulation zone successfully. A few other altcoins that call for concern include the following: Other altcoins are sowing more promise. Volatility is infact, what attracts many users to crypto. There are a few coins that we are holding for longer term "investments" but projects that have been around for many years and fail to reclaim highs just speak to weakness. If we wanted a steady 7%, why not just get a savings account. You could be trading 5 other profitable altcoins instead of holding onto a dead, slow mover (unless ofcourse you have other reasons, such as a fundamental belief). Altcoins that are STRONG and moving with the trend as opposed to ADA, include the following: ______________________________
Short
by CryptoCheck-
1
LONG ADAUSDTLast time, I believed with considerable certainty that Cardano would go up, but the very strong support it had formed broke down and we got more evidence of a fall. Now, considering the favorable conditions of the market and the recently formed support line, I expect it to move upwards and touch the specified targets. It is possible to make a good profit from Cardano, considering the rise of other currencies in the previous months, but Cardano did not move significantly. Let's see what happens this time
Long
by VistaMental
#ADA/USDT#ADA The price is moving in a bearish channel pattern on the 12-hour frame, and it adheres to it well, and it is expected to break to the upside The price rebounded well from the lower border of the channel at the green support level of 0.400 We have a tendency to stabilize above the Moving Average 100 We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher Entry price 0.4500 The first target is 0.5080 The second target is 0.6000 The third target is 0.6870
Long
by CryptoAnalystSignal
ADA Potential Target 2.4$ & also good for long termCardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. To learn more about this project, check out our deep dive of Cardano. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair. Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
Long
by Gul_Ahmad