After stopping the fall at the current price levels there is a test of the interest zone of the buyer.
If the test is successful, the chart will go to the breakdown of the local trend line, the next target is the middle and the top of the trading range.
The buyer defends its position, with the accumulation on this instrument continues for further distribution at...
Check out the trade plan for ADA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
👉🏻Two important support in play closer
👉🏻Price requires a bullish breakout on the first support to continue the rally.
👉🏻If price respects the first support as a...
✅ADA is moving downwards strongly.
Now the price is trying to break through the support level, from which it bounced several times.
Over time, I expect a breakdown down.✅
🚀 SELL scenario: short to 0.41.🚀
Remember, there is no place for luck in trading - only strategy!
Thanks for the...
Cardano : repeating bear market shape UPDATE
just an update to the last idea (attached), things have become a bit clearer, adjusted the fractal to suit. only thing that is unclear with that idea is whether we get one more fake bounce for a bit or not..
its obviously following the last macro bear moves. question is does it diverge, and when? if it does stop...
Please 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Cardano broke the yellow uptrendline1, backtested it twice and got hammered🔨. During this plunge it broke the uptrendline2 plus neckline (0.4536) of the Head and Shoulders all in one go. I think there is chance for drop to...
Hi Guys 🍀
Cardano (ADA) is down to the support zone and getting rejected at the middle Bollinger Band.
ADA can go sideways for a few more hours around this level or even go lower to get support from the other support level, which is even solid.
Market Volumes are showing Sell Signals, and even though all leading coins are dumping or fighting resistance levels,...
You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year!
Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party.
The market structure is insanely bearish and we have a descending triangle on the daily chart that will break...
Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
🎁Please hit the like...
On Thursday, Sept. 22 , the Cardano blockchain will carry out its much-anticipated Vasil hard fork, a backward-incompatible upgrade taking place on the main network that is intended to enrich smart contract capabilities, increase the chain’s throughput and reduce costs.
The crypto community is very optimistic about the upgrade and expects the price of Cardano to...
In this idea I project the bottom for ADA and where we are likely to see it go to. This is a decent run up for this coin and ADA enthusiasts have a lot to look forward to in 2023. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains. Stay tuned as I will be dropping a lot of projections for the coming bullrun for...
Since the 0.4 low made in May, Ada started to consolidate. This consolidation is a descending triangle though, suggesting the pressure is on the sell side.
With this renewed pressure on the crypto market, I expect a break of support and a 50% tumble could follow for Cardano.
Only the price back above 0.53 would bring some relief.
As long as the price is under this...
We have Bullish Divergence on the Weekly MACD and a Bullish Engulfing of the Previous Week at the 88.6% Retracement. I would like to call this a Shark but we are missing the 1.618 Extension however due to some of the other Bullish Variables i think that i would instead see this as a Bullish Cypher that went a little too deep to the 88.6% rather than the 78.6%...
_ in a downward trend and can continue its downward trend until the second support by breaking the support (red line) .
And if it succeeds in breaking through the ceiling of the channel, it will easily move to the nearest resistance .
Ellio wave 1 to 5 in a down trend completed, we reached a buy zone formed a over a year ago in a daily timeframe, it should retrace to 50% fib zone. we might see a retracement back to a downtrend once it breaks so after it goes to break the structure raise your stop loss to profit.
Stop loss: 24.39
Entry : 28.10
Take profit: 54.60
✅ADA has fallen a lot and has now reached the support level. At this level, the price formed several lows and went up. Having reached the resistance area, the price has already bounced once. I expect a bounce down.✅
🚀 SELL scenario: short to 0.425.🚀
Remember, there is no place for...
Cardano (ADAUSD) got rejected 6 days ago exactly at the top (Lower Highs trend-line) of the long-term Channel Down pattern that it has been trading in since the September 02 2021 market High. This is the 4th Lower High rejection of this structure and when that happened in the past, a strong rejection followed.
Cardano has been trading sideways for basically 3...
Well, the bearish scenario played out since I last looked at ADA back in February, and we saw the predicted drop to around $0.40 -- a hefty 88% retracement from the ATH.
I was buying at $1, so you can bet I'm buying here too!
Weekly RSI has bottomed out at 30 (an all time low), and low TF structure leads me to believe we might be heading for a retest of the...