Cardano Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring ADAUSDT for a selling opportunity around 0.4100 zone, Cardano was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.4100 support and resistance area.
Trade safe, Joe.
ADAUST trade ideas
ADA price analysisThe price of ADA has been in a downtrend for approximately 110 days. After the breakout from the trend line and rejection from the resistance zone (Green) now the price is retesting the trend line.
The chart also marks important support and resistance levels. Support levels, where there's strong buying interest, are at $0.3739 - $0.3600 in Yellow. If the price falls below these levels, it might go even lower.
Resistance levels, where there's strong selling pressure, are at $0.4184 - $0.4261 in Green and $0.4907, and the Pink zone at $0.5608 - $0.5728. These levels are crucial because they show where the price struggles to go higher. The trading volume is moderate, which means there's steady activity in the market without big increases or decreases.
If ADA price breaks above the Green zone with strong volume, it could mean a change to an upward trend, targeting higher resistance levels like $0.4907 and zones in Pink and Blue.
If the trend line fails to hold the price it drops below support one in Yellow at $0.3600 - $0.3739, it could continue going down.
ADA is bearish in the medium termBefore anything, pay attention to the time frame. The time frame of this analysis is 3 days and the realization of the specified movements will take time.
The structure is bearish on the big time frames and these big and powerful bearish moves are needed to get to the SW Hs of the big time frames.
We have a demand range, which is actually our POI, and we are looking for medium and long-term purchases in this range.
The target can be the supply box for the medium or long term.
If ADA reaches this range, we will look for buy/long positions.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Cardano (ADA): Waiting For Rejection!Cardano is trying to break that resistance zone (upper side of the triangle pattern).
As we see markets seeling a bloody Monday vibe, we expect the same outcome for ADA soon.
We have two possible scenarios (blue and red one) but the outcome is the same.
We are looking for an exit from the triangle formation via breaking the trend (lower side of the triangle pattern).
Swallow Team
Is ADAUSDT About to Take Off? Don't Miss This Key Opportunity!Yello Paradisers! Are you ready to dive into an exciting opportunity with ADAUSDT? Right now, the market sentiments are leaning bullish, and there’s a high probability that Cardano will take a bullish ride.
💎We've observed that #Cardano has successfully broken above a key resistance level at $0.4078. If it manages to sustain this momentum, there's a high probability of a significant upward move. Previously, #ADA followed a descending resistance line for a long time, and its recent breakout indicates a potential upward trend.
💎With the current bullish sentiment, if the price sustains and the bulls remain in control, we can expect a move targeting levels above the strong resistance zone.
💎However, what if #ADA faces a strong rejection from the internal resistance at $0.4942 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the lower support level of $0.3633.
💎During this phase, many inexperienced traders might immediately open short positions and get trapped. If the price breaks below this support and it turns into resistance, it's time to plan short positions as the market could drop significantly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
ADA [ BULLISH MOMENTU]We are expecting a bullish momentum for ADA - creating a new wave will be happening soon - Chart clearly says that this coin is preparing to rally but we need to be careful about Liquidity Grabs from the whales since this is a start zone for wave 1 the pump and dump might be happening , spot a good entry price with a good risk reward ratio - LEZ GOO
ADAUSDT → Change of character, are the bulls coming back? ↑ 0.77BINANCE:ADAUSDT forms a change of market character, and also breaks the resistance of the wedge. Regarding the reversal zone on W1 a false breakout is formed. The coin may move into the realization phase.
The token is lagging behind the overall capitalization and market movement, still in the consolidation phase, the boundaries of which are 0.2392 (0.4) - 0.777. In the distribution phase, ADA has chances to recover. At the moment we should consider trading inside the range and after confirmation of the formation of an intermediate bottom above 0.4 (consolidation above this zone) the market will define a new range for itself. 0.4 - 0.77. The potential in this case will be the corridor with the width of 93%.
Technically, if the bulls hold the price above 0.4, it will be a good signal for the price distribution to 0.52, further to 0.678.
Support levels: 3775, 0.400
Resistance levels: 0.42, 0.522
The bearish wedge is a strong technical pattern, capable of turning the market, but in order to start the realization, the bulls need to take the defense above the key zone, in our case it is 0.400.
With Respect R. Linda!
seems like ada getting ready for recovery seems like healthy correction has completed and finally ada getting ready for solid recovery
forming falling wedge in h12 timeframe expecting upside breakout soon expecting new yearly high incoming days incase of successful breakout
easy target for me will be around 0.80$ after successful breakout
Cardano Daily TA : Support Levels and Potential Mid-Term TargetsBy examining the #Cardano chart on the daily timeframe, we observe that the price is trading in the 40 cent range. If the price can maintain the support zone of $0.35 to $0.385, we can expect further growth to higher targets for this attractive cryptocurrency. The medium-term targets for Cardano will be $0.42, $0.45, $0.51, and $0.58, respectively. The expected return in the medium term is between 15% to 40%!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
ADA/USDT Weekly Chart Update.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
ADA is currently holding a historical supporting trendline that hasn't been broken since March 2020. A rebound can be expected, potentially allowing the price to test the resistance trendline at $0.58.
The 35EMA can be considered a primary resistance level. A rejection or breakdown below the support line will likely drop the price by 34%, or in the worst case, 60%.
On the higher side, a breakout above the 35EMA and the resistance trendline could trigger bullish sentiment and a rally toward the all-time high.
Key Observations:
~ Primary Support/Entry: $0.3732.
~ Support 1/DCA: $0.2431.
~ Support 2/DCA: $0.1486.
~ Resistance 1: 35EMA ($0.48).
~ Resistance 2: $0.58.
DYOR. NFA.
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Cardano ADA price at a crossroads before further movementLooking at the global #ADAUSDT chart
One question arises :
- Did the ABC correction already end in April at $0.40 in 🟥the red scenario?
- Or is there another dive down to the $0.30-0.34 area according to🟦the blue scenario?
The critical level from below is $0.40
The critical level from above is $0.50
Fixing the CRYPTOCAP:ADA price below or above the critical levels will decide the further price movement.
Globally, in the medium or long term, we would like to see the price of #Cardano at least $1.5
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Honestly, I don't feel like explaining, the chart says it all !!The price is at the bottom of the megaphone and at the same time it is in an ascending wedge, and after the wedge is broken, the price can grow well. Also, divergence in MACD makes this signal stronger.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ADA Bearish MoveCardano might be called an sleeping giant it has a great potential and good projects underneath but the price still discounted ; so for long term investing Cardano is one of the good assets must be invest of
but for now we are seeing a downward momentum of this coin - if it will reach the last support zone it will be giving a good buying opportunity with a good Reward
Cardano is trying to hold it's supportCardano's price is at a critical juncture, attempting to break the $0.3966 resistance level. Success could trigger a strong upward move, while failure might lead to a decline towards key support levels at $0.3652 and $0.3611. Currently trading around $0.3890, Cardano is trying to hold support after rebounding from the $0.3611 discount area, indicating a short-term upward trend.
Cardano (ADA): Breaking Down Step - By - Step!Cardano has finally broken that liquidity zone after multiple re-tests of the local branch of EMAs.
As we have broken the local support zone in the form of a liquidity line, we are looking for our target zone to be reached within a week or two, so keep your eyes open for any sharp moves that we might encounter!
Swallow Team
ADA to $1.20I believe it's possible ADA has now bottomed, as we can see the bright green dot indicator on Vumanchu B has been a reliable indication of a bottom. Short term or long term bottom depending on the broader trend.
Besides the obviously large dump, and also large deviation from many moving averages (not shown in chart) - combined with the fact that ADA is amongst the most shorted cryptocurrencies right now. I believe it's possible we will see another uptrend towards $1.20 the coming months, given that BTC also acts accordingly.