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ADA / UST

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ADAUST trade ideas

ADA: Pullback in UptrendTrade setup : Price remains in an uptrend. Following a bearish breakout from an Ascending Triangle pattern, price pulled back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Stop Loss (SL) at $0.43. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Long
by altFINS
ADAUSDT.1DBased on the provided market data, the ADA currency is currently trading at a price of 0.57 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 39.21, 48.40, and 76.0 respectively. The RSI values suggest that ADA is currently neither overbought nor oversold in the 4-hour and 1-day time frames, but it is in the overbought territory in the 7-day time frame, which might indicate a potential price correction. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.012, 0.019, and 0.071 respectively. The negative MACD in the 4-hour time frame suggests a bearish sentiment, while the positive MACD in 1-day and 7-day time frames indicate bullish sentiment. The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 0.64, 0.68, and 69.0 respectively. The price is currently below the middle band in all time frames, indicating that ADA is trading in a lower range of its price. The support levels for 4 hours, 1 day, and 7 days are 0.51, 0.54, and 0.50 respectively, while the resistance levels are 0.69, 0.71, and 0.69 respectively. The price is currently trading in between the support and resistance levels. In conclusion, the ADA market is showing mixed signals. The RSI indicates overbought condition in the 7-day time frame which might lead to a price correction, while the MACD suggests a bullish sentiment in the 1-day and 7-day time frames. The BB also indicates that ADA is trading in a lower range of its price. Therefore, it might be a good idea to monitor the market closely for any potential price movement. As always, it's recommended to combine these technical indicators with fundamental analysis and your own research before making any investment decision.
by MarsSignals
ADA: Ascending Triangle BreakoutTrade setup : Price remains in an uptrend; however, following a bearish breakout from an Ascending Triangle pattern, price could pull back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Long
by altFINS
$ADA is it expensive right now?One thing i don't like seeing on my securities is too good situations. News about Cardano are great with its value locked situation is being spiked up since April as well as news about whales pulling in and analysts mooning it out. However, no security go in one direction, and actions speak louder than words. That's why we technical analyze our securities, don't we? On daily chart, momentums are spiked up and shows overbought signals. Momentum is far from 0 level and turned downside(following the candlestick), RSI is over 70, stochastic is breaking its %D RSI shows divergence; price made higher high and RSI is going downwards. The volume is decreasing, too. In contrast, 3 hours left until the day is over and so far all we have is one long lower shadow near the support line. On the book, this is an indication of trend reversal and in this case, end of its mini retracement. (oh, keep in mind that the candlestick is red.) My fib's 0.618 line points $0.4740 at me and says "shhh, there is time." As I said, I don't like too good situations. I see this security as being abnormal right now, and I want to see a strong retracement. One thing I'm keeping an eye on is the long/short ratio. Long lovers haven't showed themselves yet and in fact, leverage market of ADA is calm right now. Therefore, I do not see the market looking for fuel on lower levels just yet. If the new day opens white and brings a higher high, I am going to start analyzing shorter time frames and analyze 4 hour and 1 hour charts. I am not at a point where I want square my position, but I also don't want to add to my position either. If, at this level, ADA starts consolidating and creates a sideway range, below 0.5948 will be my stop level. ! Imagination Alert ! If the price test 0.5552, goes back over 0.024, and comes back to 0.0555 what would we have? A shoulder, a head, and a shoulder, than after a little confirmation, short time! I like trading ADA, and I want to see it moving properly, not spiky. For now, I'm just watching and looking for a sweet spot. -this is not a financial advice at all-
by frikko23