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ADAUST trade ideas

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
Long-Term Trade 120% Potential No LeverageTLDR: ADA finished its correction. The target for the next impulse is between 1.17 and 1.25 Dollars. Background: Between ADA October 18th and December 12th, 2023, ADA’s price rose 186% to 68 cents. Following this impulsive PA, ADA entered a correction that lasted 42 days with an overall correction of 35%. The proportion between the impulse and the correction from the time and price perspectives is ideal. ChoCh: ADA is about to cross above the 52-cent level, the last LH. If ADA crosses above the 52-cent level and retests it as support, I will consider it a bullish ChoCh and an early indication that the trend will likely change to an uptrend. S/R Levels: Resistance: 0.62, 0.68, 78-90, 1.25 Targets: The 1:1 extension is the Minimum Target. However, I expect ADA to achieve the 1.618 extension at least because I consider this a wave 3. Trade Idea: Entry: 0.52 SL: 0.48 Target: 1.15 TP: 0.68, 0.78, 0.90, 1, 1.15 R: R: 1: 4.23 to first TP NFA What do you think? Please share in the comments Best Wishes
Long
by NewThoughtCrypto
2
ADA's Descending ChannelCardano has exited the bottom of its trading range and entered a downtrend. This inference is made from the formation of lower highs and lows compared to previous ones, as well as the formation of a descending channel. Additionally, it is expected that the price within this channel will experience fluctuations. The blue box area is considered as a significant and credible support. If the price falls below this area and stabilizes under it, a considerable drop in ADA's price is expected. On the other hand, if this support area is maintained and an upward pattern is observed, it could indicate the potential for minor price growth up to the channel's ceiling. In conclusion, Cardano is generally in a bearish phase, but with the preservation of the key support area, there is a possibility for temporary growth.
by MonoCoinSignal
✴️ Cardano, Top Or No Top?Look at the difference between these two patterns: 1) The first one showed up late Nov/early Dec and is a bullish pattern, a triangle as continuation. 2) The second is current and is a bearish pattern, a rounded top. Cardano (ADAUSDT) grew by 209% within 5-6 months. While many people are ready for mORE, a correction can develop here without problem but there can also be additional growth. The volume behaviour supports additional growth as it continued to rise all through December 9. The top pattern though is bearish and the RSI trending lower as well, so we have some mixed signals. Currently, prices trade below EMA10 but this has not being confirmed yet. When we look around, many pairs are bearish and also closed below EMA10/EMA21, closed bearish weekly, peaked and some are trading several levels lower already. Since the market is connected, we can expect Cardano to follow the same pattern even if it produces a last jump. Think of Avalanche (AVAX), Tellor (TRB) and Injective Protocol (INJ). You can see them producing one final jump just to enter their corrective phase. Still not sure? That's ok! Just be cautious and prepare for all scenarios... Prepare for the worst, hope for the best. The correction should be short-lived lasting at maximum a few months. Once the correction is over, we get major bullish growth. Namaste.
Short
by AlanSantana
15
Can Cardano (ADA) Return to Its Upward Trajectory?CRYPTOCAP:ADA , like many other altcoins, is currently in a downward trend. The asset has recently broken through another support level, reaching a local low of $0.450. Given its strong correlation with CRYPTOCAP:BTC , a further decline in CRYPTOCAP:ADA appears likely. Potential support levels for sellers might be found at $0.430 and in the range of $0.398–$0.417. For a reversal of this downward trend, BTC needs to stabilize above the resistance level of $42,000, which could positively influence altcoins, including Cardano ( CRYPTOCAP:ADA ). In such a scenario, CRYPTOCAP:ADA might test resistance zones at $0.471–$0.486 and $0.517–$0.536, possibly signaling a return to an upward trajectory.
Short
by DEXWireNews