Though $ADA performed very well during the last bull run, it lost 91% of its value and is still trading below its Daily MA 200. However, $ADA price is setting up nicely here. So let's surf the chart for what to expect in the near term, Right now, it is trading below the immediate resistance at $0.38 while the key resistance lies on $0.42 - $0.43. Looking at the...
🔥 Hi friends! Cardano is moving inside the wedge and going to break it up before the dump. That is what I think to happen with high possibility. 📊 MY TRADING PLAN FOR ADA: 1. false breakout of the $0.44 local highs 2. volume growth+huge whales sell orders at highs 3. bearish BTC (approx. $25-27k) 🚩 I will decline the dump scenario if it becomes to...
BINANCE:ADAUSDT Cardano now underrated. ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets and explanation idea ➡️ We got global covid dump uptrend line ➡️ On weekly timeframe we formed huge divergency you can see confirmation on...
Hey trader! This analysis is based on a bullish development for Cardano. The analysis uses the EMA Moving Average which indicates that the 50 day moving average (orange line) has just hit the price indicating a current good buying opportunity for Cardano now. With some support levels at 0.2437, 0.3292 , & 0.3637 providing a good safety net where price can...
Hey trader! This analysis is based on a bullish result on Cardano. Behind the price is a strong bullish trend which is also indicated with a trend line. It is also seen that this strong trend has created some relevant support levels at 0.3631 , & 0.3262 . The trend progresses with some peaks followed by pullbacks. This development shows that the price is...
Here are few points i am looking for this trade 1.Price in a overall uptrend (bigger time frame ) 2.After a down wave ,Price start gain new momentum to the upside break though major resistant 3.Flag pattern is formed and consolidtae show us weakness (sitting on support and above 0.382FIb) 4.Strong bull bar break out into new high as required !! 5.Target ...
Breakout of major resistance from before 2022. No major resistance now. Fib levels match precisely.
Hey trader! This analysis reviews a bullish breakout for the price of Cardano. Cardano has recently experienced a bearish trend since the all-time high at 3.1059 . However, a triangle formation has emerged which may indicate that the price will rise despite the recent move. The triangle is pointing a lot upwards and with other tools like Fibonacci it can be...
Hey trader! This analysis takes focuses on a bullish trend with some support levels which can influence the price further. As there are some support levels below the price at 0.3400 , 0.3047 , & 0.2438 respectively, there is a stretch trend for a bullish development in the price. However, it should also be mentioned that some strong resistance levels ...
Hey trader! This analysis is based on a bearish breakout as a result of a double top . As the previous resistance (at 0.5123 , 0.4262 , & 0.3769 respectively) and support levels (at 0.3398 , & 0.2443 respectively) indicate, the current development is taking place in a bear market . Despite the negative development, a bullish double top has formed...
I believe this will play out leading up to the 2024 BTC halving on 4/30/24, with the Bull run kicking off after that event.
Possible sell position on ADA/USDT. Entry: 0.3546 TP: -0.13 FIB or -0.27 FIB or $0.34 SL: 0.27 FIB (or $0.3587)
In my opinion ADA can create a head and shoulder in the coming days/weeks, and then its fly.
Hello Cardano community, I have conducted a simple technical analysis of Cardano and have identified a significant development. The cryptocurrency has recently broken a downtrend line that had been in place for an entire year. This suggests that the market sentiment may be shifting from bearish to bullish, potentially signaling upside momentum for the asset. Is...
A resistance can be seen in the midline of the channel, which in case of failure, the ceiling of the channel and the desired number can be reached. Otherwise, the support lines are available at the bottom of the channel.
Hello everyone, I invite you to review the ADA chart in pair to USDT on a one-day interval. Let's start by marking the downtrend line that the price is currently trying to break, while locally we can mark the uptrend. Now let's look at where the price will meet resistance on further increases, once we cross the downtrend lines, we can see resistance at $0.41,...
As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to...
Hi Traders, Investors and Speculators of the Chart📈📉 Cardano looks like it's gearing up for another big move; currently consolidating under the resistance zone (which is bullish). Since the last update on ADAUSDT, ADA has increase 62% and from technical indicators RSI and Phoenix Ascending, it looks like it want's to do another 60% ⬆ with TP target just under...