Cardano Updatethe price took the weekly high first and after that, it took the daily high as well and broke the daily towards the downside. Still, it failed to sweep the external weekly liquidity so I'm expecting the price to do that so I set a limit order at the extreme zone and targeted a 1:2 RR and stop loss above the recent high to see if we tap into the trade or not. either way, it is a pretty good position if it works out
ADAUST trade ideas
Cardano restest to 0.3 till next year and create double bottomCurrent Price: $0.3637 (as of October 22, 2024)
Pattern: Potential double bottom formation, indicating a possible trend reversal if confirmed.
Key Support:
Major support at $0.305 - $0.311, a critical area to prevent further downside.
Key Resistance:
First resistance at $0.40 (near the descending trendline). A break above this could trigger a bullish move.
Further resistance at $0.65 and $0.78.
Momentum Outlook:
Expected bearish or sideways movement until December 2024.
A possible trend reversal in January 2025 if the double bottom plays out and price breaks above $0.40.
Bearish Risk: Breaking below $0.305 could invalidate the pattern and push prices lower toward $0.20.
ADAUSDT: Trend in weekly time frameThe condition of Cardano (ADA) coin is very sensitive and in case of further correction of Bitcoin and reaching the retest area, this condition and trend can be considered for Cardano.
Anyway, the color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
Be careful
BEST
MT
Alikze »» ADA | Upward wave 3 scenario - 12H🔍 Technical analysis: Upward wave 3 scenario - 12H
- In the analysis presented earlier in the weekly time frame, after the correction in the green box, it is currently in the range of the green box, which can continue its upward trend if it stabilizes above the green box.
- In the 12-hour time frame, it is moving in an ascending channel, so far it has reacted positively to the dynamic trigger of the bottom of the channel several times.
- Currently, a motivational wave has been created in the area of the bottom of the channel, which can continue its advance until the middle of the channel and the supply area.
💎 According to the previous zigzag movements, the recent correction in the bottom of the channel has been a response to the AB=CD movement cycle.
⚠️In addition, if the Invalidation LVL area is touched, the ascending scenario is invalidated and must be updated again.⚠️
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BINANCE:ADAUSDT
Cardano / ADA Cardano price today is $0.37with a 24hour trading volume of 610 million dollar. ADA price is up 3% in the last 24 hours and 45% up since last month
what is cardano? well, cardano is a proof of stake blockchain cryptocurrency founded in 2017 by Charles Hoskinson, who also co-founded Ethereum. The Cardano blockchain was created for decentralized application distribution and it hopes to solve issues such as scalability, interoperability, and sustainability. Smart contracts are also adapted in the design of Cardano to ensure the blockchain platform can run independently without the need for any professional or third party oversight. now lets talk about ada price
as you can see Ada stuck in a blue channel and bulls trying to break it and back to 0.41 which is another important resistance, if ada breaks it then 0.45 and 0.49 are next targets
When everyone is busy on other alts, ADA cooking its own MOVE!↑↑I'll simplify on this one -- reflective of ADA's non complicated nature.
KEY NOTE:
WEEKLY Price Yearlong standing price support -- currently bouncing off it with accuracy.
WEEKLY NET VOLUME surge.
Weekly Histogram Higher Lows.
Thinning movements on the lower price range -- HUGE HINT.
Currently sitting just above 1.0 FIB level -- beyond bargain / discount.
THIS IS RIPE for BIG MOVES. A bottom fish opportunity that doesn't come very often.
Previous ATH target will not be far-fetched.
Spotted at 0.29
TAYOR
Safeguard Capital always.
Descending TriangleThe Cardano (ADA) chart currently shows consolidating within a compressed descending triangle, characterized by lower highs and higher lows. Recently, there was a false breakout on the upside, but the price failed to hold above and returned to the range.
Given the current market conditions, a confirmed breakout above the triangle could signal strong buying momentum, leading to a significant upward move. This bullish movement could occur as buyers accumulate the necessary liquidity to push the price higher.
If this breakout is confirmed, we could anticipate further upward targets.
However, if the breakout is not confirmed and the price continues to range within the triangle, we should expect more price fluctuations and potential consolidation.
Cardano Faces Resistance, Will It Follow Bitcoin?Today we saw Bitcoin producing a strong move upward. Is this move a bull-trap or the start of a major bullish wave?
When Bitcoin goes bullish, the Altcoins turn bullish.
If Bitcoin is set to move up for weeks and months and hit a new All-Time High, the Altcoins market, projects such as Cardano, would respond with maximum bullish momentum and growth. Maximum growth is not present on this chart.
Cardano (ADAUSDT) is right now facing resistance below EMA144 as the day turns red. Trading volume is really low and there is no significant bullish action.
We saw something similar with XRPUSDT, PEPEUSDT, SOLUSDT, TRXUSDT, TONUSDT and other major Cryptocurrency trading pairs.
If Bitcoin was set to hit a new All-Time High next, we would see these pairs breaking resistance and closing full green. Seeing these pairs producing a red candle today with no volume is a warning signal.
Bitcoin can be producing a bull-trap, a false breakout before one major drop. This is revealed by the fact that the Altcoins market is not responding to Bitcoin's growth.
Cardano seems bearish below resistance.
Thanks a lot for your support.
Namaste.
Ada / Usdt BINANCE:ADAUSDT
In the ever-evolving world of cryptocurrencies, Cardano (ADA) found itself at a pivotal juncture. Traders were keenly watching as ADA respected its support level around 0.3454, a vital threshold that suggested a strong underlying interest.
As the price oscillated, the next resistance level loomed at 0.3654. If ADA could break through this barrier, it could ignite a rally toward the next targets at 0.3893 and even 0.4200.
But the market is full of surprises. If ADA failed to hold its support, traders were aware of the potential risks.
As always, the community reminded each other: “This is not financial advice; make sure to do your own research and tread carefully.”
And so, the journey of ADA continued, filled with hope and uncertainty in the dynamic realm of crypto trading.
Remember, this is not financial advice. Always do your own research before making any investment decisions!
Cardano (ADA): Possible Move To Liquidity’s Zone Cardano has multiple nice touches to EMAs on the daily timeframe, where we are looking now for a possible further pressure from sellers, which would result in a movement to the zone of liquidity.
This will be our gameplan for Cardano coin until we remain below 200EMA.
Swallow Team
Maintaining The Position Above The TrendlineCardano (ADA) is currently maintaining its position above the trendline, showing signs of bullish momentum. The price has successfully closed above the previous resistance level of $0.3528, which is a positive indication of potential upward movement. Given the clean price action to the left, there is a possibility for a short-term rally towards the next key resistance area at $0.3700. If this level is tested and broken, it could pave the way for further bullish moves in the near future.
ADAUSDT is about to come down side nowADAUSDT is about to come down side now
ADAUSDT is about to come down side from the bearish order block. There is high probability that the price will come down. open sell position immediately.
BULLISH ORDER BLOCK :- 0.3362 AND 0.3314
BEARISH ORDER BLOCK :- 0.3569 AND 0.3543
i have analyzed the chart using SMC. My analysis shows that :-
ENTRY POINT :-0.3528
TAKE PROFIT :- 0.3454
STOP LOSS :-0.3602
ADA bbuy💹 ADA/USDT Price Action Analysis 🔍
🔻 Sell Signal:
Entry: $0.3578
Stop Loss: $0.3710
Target 1: $0.3486
Target 2: $0.3442
📉 Price approaching resistance zone (0.367 - 0.371). Watch for potential reversal patterns for a sell opportunity. 🚨
🔺 Buy Signal:
Entry: $0.3442
Stop Loss: $0.3373
Target 1: $0.3486
Target 2: $0.3578
📈 Strong support near $0.341. Looking for bullish reversal to confirm long entry. 👀
ADA DesfrostAfter a period of stagnation, the ADA cryptocurrency has remained relatively frozen. Could we foresee an algorithmic rebalancing to purge selling pressure, thereby maintaining market efficiency?"
This concept refers to the possibility of using automated algorithms to adjust the market and reduce excess selling activity, which could help stabilize or improve the price by aligning it with natural demand and supply dynamics. Algorithmic rebalancing typically involves automatic adjustments that help prevent over-saturation of the market with sell orders, maintaining liquidity and price efficiency.
down or up?🫡As always, I start with cycles to figure out what position to take
We do not have a particular trend in HWC, MWC is decreasing and LWC is also decreasing.
So I am looking for a short position
We should pay attention to these points that if 0.4014 is HIGH and 0.3327 is LOW, then if the LOW is broken, we can get this HIGHLOW confirmation information based on the DOW. We also have a trend line. If we see weakness in reaction to the trend line, we can take a short position by breaking the trend line🧐
⚠️Do capital management⚠️
ADA → Bearish Pressure !!!The price is forming a descending head and shoulders pattern, indicating a lack of liquidity in this time frame. If the price follows this pattern, it could drop to around 30 cents.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Cardano: Crash Ahead? Prepare for a Potential 20%+ Downside!Hey Realistic Traders, let’s dive into the analysis of BINANCE:ADAUSDT
On the daily chart, Cardano continues to struggle below the critical EMA200, signaling a persistent bearish bias. Even more telling, the price has repeatedly respected the bearish trendline, underscoring the strength of this downtrend.
To make matters worse, we've seen a breakout from two major bearish formations: the Rising Wedge and the Ascending Broadening Wedge. Both patterns point to a continuation of the downward spiral. Adding fuel to the fire, the MACD has made a clear bearish crossover, confirming that the bears are firmly in control.
Based on these signals, we anticipate a sharp drop toward the first target at 0.2753. After that, a brief pullback could bring prices back into the green zone before heading even lower to the second target at 0.2384.
This technical outlook remains valid as long as the price stays above the support area at 0.4158.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Cardano.
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