I took LSD and looked to cardano without much knowledgeI think something will happen here but no idea if its bullish or bearish, help in comments appreciated.
ADAUST trade ideas
ADAUSDTItem Name: ADA
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Ada has completed the formation of a triangle pattern.
Based on the analysis, Ada is expected to fall.
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$ADA #Cardano Trading IdeaCRYPTOCAP:ADA #Cardano has formed a descending channel on an 8H timeframe. I almost forgot about this project. Waiting for a breakout in any direction. Hoping the price will break to the upside, and we'll be able to retest $0.55. Keep an eye on this setup. Any scenario is possible.
I wish I could buy hereI'm still bullish in weekly
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ADA Intraday Rollercoaster Ahead! Don't Miss Out on Opportunity!The chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
Find more in the signature!
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Cardano (ADA): Another Touch To 100EMACardano made a nice bounce after our last prediction of movement towards that lower supportive zone.
We are now seeing a price touching 100 EMA, which is the next zone of resistance, and the same goes for 200 EMA.
We are keeping an eye on both of those zones for any potential rejections to happen, so eyes open!
Swallow Team
Cardano 30-50% Growth Incoming ?! #CardanoStrong demand confirming on our $40s zone driving multiple confirmation with a environment breakout after a strong correction phase is no longer bearish.
Looks feasible as of now for a relief rally anywhere between 30-50% in the encircled points.
Let's see !
ADA AnalysisADA Analysis
ADA is looking quite good and is bullish above $0.43 . If the price can hold above $0.468, I would be looking for a quick move to $0.478 which is strong structural resistance. ADA is showing 3 drives of bullish divergence on the RSI. ADA has already completed a deep retracement resulting in a higher low.
Cardano's redemptionBINANCE:ADAUSDT is looking good for a potential breakout on this accumulation area.
Bear flag formation has been identified. Downwards now 👊Bear flag formation has been identified. Downwards now 👊
We have mapped our retracement price.
We are getting close to the DCA zone.
Are you shorting?
CARDANO WEEKLY BULLISH OUTLOOK ADAUSDT has once again stabilized at a significant key level on the weekly timeframe. Observing historical price movements to the left, there's potential for a reversal in the highlighted zone. Strong rejections and bullish reversals in this region historically support our bullish thesis. The current sell-off is viewed as a substantial retracement, correcting the preceding rally. Notably, the price is holding at the 61.8% level on the Fibonacci retracements, suggesting a potential area of support.
Buy low riskset and forget the inverse head and shoulders pattern
My opinion may be completely wrong
🔥 ADA: Don't Miss The Entry Of A LifetimeI've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle.
It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life.
The best entry would be from the support of the channel, maybe a bit lower on a wick of some sort.
Keep an eye on this trade!
ADA - Time For Concern?🤔❕ADA vs BTC ❕
ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed.
Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio.
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BINANCE:ADAUSDT KUCOIN:BTCUSDT BINANCE:ADABTC
Potential Price PumpCardano's price is in a triangle pattern with a resistance at $0.49.
If Cardano breaks the resistance at $0.49, it will likely lead to a price pump.
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.
Cardano ADA Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
ADA One of a Life-time Opportunity investment ADA One of a lifetime opportunity investment
Most investments in this period of all markets are considered a one-of-life-time opportunity investment before markets start rallying.
ADA setting up for a once in a lifetime backtest...ADA looking for major support.
SFP of the low, its also a monthy support orderblock backtest. many level to level trades, but a support confirmation would confirm a major monthly adam & eve bottom with very high fib retracement levels.
Possible W pattern?Just an observation....
Possible W pattern taking it up to 0.60 ... After that who knows.....
Cardano Prepares for 60% CorrectionThere's still something about Cardano that appeals to me, I'm not so sure what it is, but at this point and time, it surely is not the chart. Cardano holders should prepare to see a hefty 60% correction in stock price during 2024.
Best place to buyWe are at the end of wave C from wave 2 and ready to start the big wave 3. I entered the buying position with the specified s.l
This is what I did and it may be 100% wrong, but I accepted the loss.
