Cardano not only has incredible utility, but it is massively undervalued at current prices. Most investors don't just hold ADA because of it's mind-blowing price appreciation potential, they hold it because they know that it will play a substantial role in the coming digital revolution. Even a novice can look at the current chart and see that something big is...
The bearish trend continues in the global crypto market with clouds ☁️ and rain 🌧️ dominating the ATTMO forecasts over the next 24 hours and one-week horizon.
However, Cardano shines ☀️ ahead, indicating a slightly bullish market with upside potential.
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ADA is trading at 0.2620 currently. And there is sell side liquidity above the previous high where are many stop losses of traders. Market will go up to 0.2750 area to grap liquidity and this is my Short Entry. Targeting below the previous low wick on buy side SL hunting.
Considering the Cardano chart, it seems to me that with a pullback to the designated range on the chart and due to the presence of long orders within this significant range for this currency, the growth of this currency is likely. Therefore, with capital management in mind, we can consider going long on this currency with a leverage of 5 in the...
today we have one of the best risk to reward Investment opportunity
it is more than 290 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
Cardano currency is in a 40-day upward trend, which is close to its 2-year downward trend, so it has a 20% chance of growth to this downward trend, and we have to wait to see the reaction of this currency to this resistance range.
After the break above the falling wedge at the beginning of the year and the spike above 0.4 resistance in April, AdaUsd fell under 0.3 support and May and made a new local low.
However, XRP news brought optimism also for Cardano and the coin rose strongly and unconquered 0.3, resistance at that moment.
After the spike in the middle of the range, the coin has...
• ADA’s strong move up yesterday left only one demand zone on the 1H timeframe. Therefore, I am basing my entries on a retrace to support. The SL is pretty wide, so I don’t recommend leverage on this trade.
• Please be aware that a retrace to 0.30 USD is on the table, at least on my opinion.
• Entry: 0.33
• SL: 0.298
• Target: 0.46
• R: R: 1:5
On the 4-hour chart the trend started on June 10 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.3338
But do not forget about SL = 0.2161
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Hi Traders, Investors and Speculators of Charts 📈📉
ADAUSDT seems to have finally bottomed out at 23c or 21c, depending on the exchange you're using. This concludes the completion of the bearish Head and Shoulders pattern in the daily timeframe.
After this long wick towards a major demand zone / support zone , there has been a bullish engulfing candlestick in...
• Between June 10th to June 22nd ADA was trading in a range between the 0.25 – 0.29 USD.
• During the weekend (Since June 22nd) ADA broke above the previous range high and tested it as support.
• The New trading range is compressed between the 0.2857 – 0.305 USD. IMO, this tight range has to breakout to the up or downside.
• Big picture, I am assuming that ADA...
• If you are a holder/ long-term investor ADA is in a DCA zone, IMO.
• Short- term it is not clear, yet, if ADA has bottomed.
• Arguments for and against a bottom are mentioned below.
• Possible long trade mentioned below.
• ADA is a high-risk asset, at least for now, you need to be aware of it before considering a long.
• ADA lost its upward...
The price has hit the weekly and monthly combined support and the price has bounced from there. A long is favorable from this support. In case this support is lost, next support levels are weekly support WS2 and monthly support MS2 as marked on the chart. It seems that the current support will hold on the weekly level so probability favors long. But in case in...