Examining the daily chart for ADA/USDT, it’s apparent that Cardano has undergone a period of considerable decline followed by stabilization. The chart reveals a clear descending trendline, with price peaks progressively lowering, indicative of a strong bearish trend.
The price currently hovers near $0.3530, with evident support around the $0.2786 level, marked as...
1.5-1.6 range is a crucial resistance zone in a weekly timeframe. In overall 2.3 is a max take profit zone I am comfortable with. If you wondering why I am considering long position on BINANCE:ADAUSDT check my latest idea on $BINANCE:ADAUSDT.
As I mentioned earlier BINANCE:ADAUSDT showed a great impulse and is waiting for an opportunity to enter a long-term Long position either Spot or Futures. I think the time has come and the signs are obvious.
1. Break of Structure ( made higher high ) in a daily timeframe
2. MACD divergence.
3. Volume is decent and looking good.
4. In early March made a...
In this technical analysis of the ADA/USDT daily chart, I'll delve into the current price trends, identify key technical levels, and analyze the implications of the observed indicators to project potential future price movements.
Key Observations:
Current Price and Movement:
ADA/USDT is currently trading at $0.3876, marking an increase of 3.09% today. This...
Upon reviewing the ADA/USDT daily chart, several critical technical indicators and levels emerge, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Cardano (ADA) has faced significant volatility, with the current price at approximately 0.4668 USD. The price is currently attempting to recover from its recent...
The daily chart for Cardano (ADA/USDT) displays a fluctuating price movement with critical levels outlined. Currently, ADA is trading at $0.4662, having faced significant resistance at the $0.5263 mark (R1). The next major resistance level (R2) is situated at $0.6852, which marks the upper range of the price movement in this period.
The support structure includes...
Cardano has completed a large symmetric weekly.
The movement after this pattern was important for us, with this sharp movement it was confirmed that we are not facing an X wave, but a large bullish branch is forming.
After hitting the supply area and correction for several weeks, we expect a strong bull run from Cardano above ATH!
📊 Analysis:
Consolidation Phase: ADA has been consolidating sideways for almost two weeks, indicating a potential accumulation phase.
Key Level: Watching the $0.75 level closely for a breakout, which could signal a push up to the next area of resistance.
Entry Point: Consider entry with a break of the $0.75 level, entering into a long spot trade.
Upside Target:...
ADA has established lifetime trend lines following the conclusion of the 2022/2023 bear run. The bear run low at $0.22, provides us a connecting dot to the 2020 bear run low of $0.018, allowing us to establish a Lifetime Support line. Likewise, the conclusion of the 2021 bull run provided us with a connecting dot for a Lifetime Resistance line.
Now that we...
Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process.
It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support.
If...
ADA held the 100sma 🟡 on the daily chart and came up to the top of the pattern for a test of the highs. I think a slight retest of the 100sma for extra support and continuation of higher lows would be great for a next move. Unfortunately If it fails to hold these levels, the next stop is the 1.618 at 0.38-0.39 which happens to fall on top of the 200 and 233sma
A...
In the previous post, after reaching the first target and not being able to break the resistance, it is being corrected. As you can see in the chart, it entered a downward trend by making lower ceilings and floors, which can continue until the origin of its movement. . Therefore, if you return to the specified area, you can enter a sell position.
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Cardano has been on a ride along with the entire crypto market for months and with a bull flag playing out, looks like we're going to get a little more upward price action. Should we long here?
How do we trade this? 🤔
We need to wait for a pullback to at least the 30EMA, maybe the 200EMA, whenever we see some bullish price action in response. A strong bull...
In the 4-hour period, it is moving in an ascending channel, which has the ability to grow to the specified areas and the ceiling of the channel by touching the bottom of the channel in the range of 58 cents.
Cardano had a failed breakout above the Resistance Zone at $0.62, followed by several failed attempts to break it again. Does this mean we enter a long?
How do we trade this? 🤔
Entering a short right now is reasonable if you accept the low probability nature of reversal trading. The number of failures to break the resistance zone are great signals to enter a...
Cardano is forming an ascending wedge pattern, a bearish formation that the majority of the time ends in a fall below the support line. For the next few days, we need to consider that the probable outcome.
How do we trade this? 🤔
Consider waiting for one more attempt to break resistance at the top of the wedge around the $0.68 area. A rejection at that level...
