ADAUSDT forms a support base on the background of a technical pullback in the area of 0.3750-0.3800. An uptrend is forming after breaking the previous one. Bitcoin recovered most of its fall yesterday. One of the main reasons is again related to the banking sector. Cardano also reacts to the growth of the flagship. The price makes a retest of the key...
Cardano (ADA) technical analysis: Trade setup : Price is in an Uptrend, trading in a Channel Up pattern. Likely to revisit the channel resistance trendline around $0.50, which also lines up the horizontal resistance zone. After 3x failed attempts, price finally broke above $0.40, indicating that buyers have soaked up all the supply from sellers and price could...
After the high in the middle of April, AdaUsd started to correct and found support at 0.38. With 3 reversals from this support (including yesterday's flash drop) this zone should be a strong floor and a new leg up is probable. 0.42 is resistance and a break here would expose 0.46 recent high with good chances of continuation to 0.5 and above. As long as 0.38 is...
Let's go back to Cardano because this is one chart, one Altcoin, one pair that looks really good... Let's focus on the bigger picture and not just the short-term. Notice on the left side of this chart, the black downtrend line... It has been broken. When a trend is over, ends, a new trend develops. As the bearish trend is over, a new bullish trend takes...
Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of Rising wedge coupled with bearish divergence (Bearish reversal pattern) SL & TP Levels are defined.
ADAUSDT Thoughts An inverted Head and Shoulders pattern has formed on the Cardano chart. The line of the right shoulder has already been broken and the impulse went up. Judging by the general situation on the market, it is worth considering opening short-term positions on the spot on ADA with the final target at 0.5542 (tp is set taking into account the...
Complex correction can be in play on Cardano as price breaks the lower side of a channel. Ideally, that's going to be a flat correction, but can be a triangle as well if drop from wave B high will be only in three legs. Support is at 0.35 then 0.3.
As i explained in my previous video i dont see where this move to the upside is in confluence with the volume of transaction , low volume mean price is just trying to find a liquidation level and now i think it has respected the POC level of 29K and now price facing huge resistance and we could see price move to 21K level Thank you and please dont forget to...
Good 4vening anon, --- Cardano ascended through a quintet of waves, originating at 0.0185 and culminating at the zenith of 3.0996, before gracefully descending in an impeccable five-wave pattern. A series of five downward waves often signifies either the commencement or the conclusion of a phenomenon - in this particular instance, I postulate that it...
ADA / USD (trading view) on daily chart. Cardano appears to be breaking the neckline of an inverse head and shoulders that dates back to October of 2022 (6 mo). Shoulders, head and neckline are all indicated on the chart. Resistance of the breakout will come at $.59 but could blow past it if the breakout goes parabolic on the daily chart. Good luck! NFA
By examining the recent analysis of Bitcoin, we see that as we expected, the price managed to hit all 3 targets that we had announced and fell from the range of HKEX:30 ,000 to HKEX:28 ,000! Note that the assumptions of the previous analysis are still valid (important demand levels). Before : After : Previous Analysis : The range of 27800 to 28100...
Read detailed explanation step by step for Cardano Possible Targets and explanation idea ➡️Weekly fib relevant. Now trade in -0.27 zone (accumulation stage on weekly) but didn't touch 0.27 level (0.11 cents) yet ➡️Most negative scenario for ADA drop to 0.11 cents and forming huge divergency on weekly by ADZ indicator (accumulation distribution) ➡️Main signal...
Hi guys, i put out an analysis on ADA 4 days ago, wanted to update my analysis with whats developing in the charts as we speak. Lets jump right in with PRICE ACTION ( on daily timeframe) We are currently in the process of breaking this short-term support line #3. Though we have not yet closed below, todays candle which is a relatively large bearish candle with...
Over the last half year or so, ADA has been following an inverse head & shoulders pattern. Classically, inverse H&S patterns occur at the end of bearish trends. As of a couple days ago, ADA has broken out of said H&S pattern. However, with BTC trading bearish today, ADA has gone for a retest of the neckline. Theoretically, we can reverse from here and burst...
ADAUSDT 1H Cardano has broken upwards of the bearish channel and continues its journey towards the target of 0.4611 (expected for April 25th). MACD is too bullish and the RSI is overbought. • There is speculation surrounding Cardano's Milkomeda, an EVM layer upgrade that will give Cardano users access to EVM smart contracts via their Cardano wallets, which I...
Most folks are sleeping on Cardano still and thats a darn shame! Chucky is going to stay true to his word and build a monumental platform for the space! Eth 2.0
Hi guys Hope you well Cardano charts is great one, break the trendline divergence on RSI and ready for jump. SecondChanceCrypto ⏰16/April/23 ⛔️(DYOR)
There has been major progress for ADA during the previous week. Positive news from Cardano`s EVM company Milkomeda over network upgrade is finally strongly reflecting in the price of ADA. Although the coin started the previous week by testing $0.4 resistance, the coin managed to break this level and reached its highest weekly value at $0.46 last time the coin was...