Cardano (ADA) Bullish EW Count-In this EW count ADA is currently in a high time frame 5wave impulsive structure.
-ADA has just put in its W4 at the log 0.382.
-Price is now attempting to put in a W5 before ultimately, we have a bigger W2 correction.
-Currently looking for W5 to take out $0.70.
-Expecting W5 to top out around $0.73 as this is the 1-1 extension from W1.
-Could see an extended W5 that pushes up to $1 as this is the 1.618 extension from W1
-Once W5 has been put in, expect a bigger W2 to be put in.
-I expect W2 to retrace between 0.5 - 0.786 ($0.45 - $0.30)
-I expect W2 to last until Q3 - Q4
J-ADA
ADA : This FRACTAL shows New BULLRUN 📢📉Hi Traders, Investors and Speculators of Charts📈
ADA / Cardano has spent an extended period in the "Accumulation Zone" (this basically means sideways trading at very low prices). According to Wyckoff Method, this is the pre-cursor to a new bullish cycle. The new bullish cycle is identified when we see a breakout ABOVE the range trading zone.
This is where our fractal comes in. Cardano has previously done a similar thing where the price stayed in a tight rage for an extended period of time. This, was infact the precursor to the bullcycle that led to the previous ATH !
If you didn't get an entry in the accumulation zone, now is your second chance before the price starts another bullish cycle.
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CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
ADAUSDT Close Examination of Precise Fibonacci Support BounceYesterday ADAUSDT price found a steadfast support at $0.4925, offering a front-row seat to a precise bounce off the 261.8% Fibonacci level. However, the plot thickened as the price briefly broke lower, only to stage a recovery and resume trading above the crucial support level.
The unfolding narrative places a spotlight on today's daily closing price—a pivotal moment that could shape Cardano's trajectory. If today's closing price holds above the current support, we may be on the brink of witnessing a substantial rally.
This isn't just about numbers; it's a tale of Cardano's ability to weather storms, find support in unexpected places, and defy downward pressures. The next chapters hinge on the closing price today, as Cardano enthusiasts eagerly anticipate a resurgence. Stay tuned, as the daily chart holds the key to unveiling ADAUSDT's next move in this gripping market saga.
Cardano(ADA): Wait or DCA? Which one?While ADA has been forming a small bullish trend, we are looking for a potential short position to happen here!
As of now, we see prices slowly building up toward that upper resistance zone, which is also aligned with the 200 EMA. Waiting is the key! (or maybe DCA is the key???)
Swallow Team
cardano getting ready for bullish impulse already trending towards upside and recently breaks another falling wedge consolidation too with strong volume
seems like ada is ready for another higher high expecting bullish wave towards 0.82 to 0.85$ in coming days keep eyes on that and keep risk under control
ADA's Descending ChannelCardano has exited the bottom of its trading range and entered a downtrend. This inference is made from the formation of lower highs and lows compared to previous ones, as well as the formation of a descending channel. Additionally, it is expected that the price within this channel will experience fluctuations.
The blue box area is considered as a significant and credible support. If the price falls below this area and stabilizes under it, a considerable drop in ADA's price is expected.
On the other hand, if this support area is maintained and an upward pattern is observed, it could indicate the potential for minor price growth up to the channel's ceiling.
In conclusion, Cardano is generally in a bearish phase, but with the preservation of the key support area, there is a possibility for temporary growth.
in channel _ADA_📊Analysis by AhmadArz:
🔍Entry: 0.480
🛑Stop Loss: 0.477
🎯Take Profit: 0.486 - 0.494
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SUNDAESWAP #SUNDAE still controlled by the PitchfanBut I do expect to escape it's shackles soon enough!
Sundae is still down nearly 99% - and highlight's how timing when a #Crypto is launched is critical to painting an attractive chart. Launching during the bear market - this stood no chance of going up.
But the risk reward on offer is hugely attractive for new buyers (at the pain of early investors of course)
As a leading #DEX on #ADA this has a very good chance of performing decently this cycle. IMHO.
Can Cardano (ADA) Return to Its Upward Trajectory?CRYPTOCAP:ADA , like many other altcoins, is currently in a downward trend. The asset has recently broken through another support level, reaching a local low of $0.450.
Given its strong correlation with CRYPTOCAP:BTC , a further decline in CRYPTOCAP:ADA appears likely. Potential support levels for sellers might be found at $0.430 and in the range of $0.398–$0.417.
For a reversal of this downward trend, BTC needs to stabilize above the resistance level of $42,000, which could positively influence altcoins, including Cardano ( CRYPTOCAP:ADA ). In such a scenario, CRYPTOCAP:ADA might test resistance zones at $0.471–$0.486 and $0.517–$0.536, possibly signaling a return to an upward trajectory.
$0.5 Support LevelCardano is currently testing its $0.5 support level.
The outcome of this test (whether breaking this support or being upheld by it) will soon determine the future trend.
The next resistance level is at $0.61, while the upcoming support level is identified at $0.37.
(All analyses will be updated)
This analysis is informational, not financial advice. Good luck!
#ADAIn the supply area, it has entered the corrective phase with a retest, which can return up to 100% of the wave. Currently, if there is a negative reaction to the second box, it will turn red until the specified areas enter the sell position. In addition, this analysis will be invalidated if the upper red box of the bullish candle closes.
💎 ADA/USDT - Bullish Target Reached, What's NXT? (READ CAPTION)By checking the Cardano chart in the weekly time frame, we can see that the price entered the specified supply range based on our analysis and started to fall from 0.6140 and fell to 0.4866! This fall will continue if we stabilize the weekly candle below the price of 0.4650, in which case we can expect more fall from Cardano! Otherwise, targets above 1 dollar are not far from expected!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Crazy analysis of Cardano #ADAHello guys!
adausd has formed a cup and handle pattern and its handle will continue to touch FL zone i mean $0.22 and after that this cryptocurrency can break out handle and touch main target for sure (final target $19)
i know this is crazy but what is not!!!
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ADA Technical Analysis• After breaking its ascending trend line, Cardano tested its major support at the daily Fibonacci zero zone.
• Subsequently, ADA rose and is currently positioned precisely at its key support area.
• Should the price fail to stabilize above this support, especially with the bearish pattern nearing completion, a return towards the lower support is anticipated.
(All analyses will be updated)
This analysis is informational, not financial advice.
Cardano ($ADA) Gains Momentum as Next Big ETF Candidate
Cardano ( CRYPTOCAP:ADA ), the renowned blockchain platform, is gaining significant attention as a potential candidate for future exchange-traded funds (ETFs) in the U.S. With the cryptocurrency community actively discussing the approval of altcoin-based ETFs following the green light for Bitcoin ETFs, Cardano has emerged as a front-runner in this new wave of investment products.
Cardano’s Stability Attracts ETF and Investor Focus
With the introduction of ETFs, an institutional interest in cryptocurrencies is anticipated. Cardano, known for its unique technological approach and solid community support, is a promising option for these investors.
A recent thread by a prominent Cardano blogger, @cardano_whale, addressed to his 143,300 followers, highlights the reasons for this growing interest. Cardano’s peer-reviewed, stable, and lightweight protocol, combined with a unique blend of UTXO and PoS in its consensus mechanism, sets it apart in distinctly solving the blockchain trilemma.
The protocol’s resistance to centralization, evidenced by its inclusive and transparent ADA distribution, makes it an attractive option for investors wary of manipulation. Unlike many other cryptocurrencies, founding entities control only about 10% of the CRYPTOCAP:ADA supply. Moreover, Cardano’s staking design is touted as one of the most decentralized, with many validator nodes enhancing the network’s security against potential attacks.
Cryptocurrency ETFs Pave Way for Broader Adoption
Cardano’s appeal is not limited to its robust security and decentralized nature. The platform’s ongoing developments in scalability and functionality position it as a rapidly evolving and feature-rich blockchain. This evolution is crucial for supporting a diverse range of decentralized applications (dApps), a sector that has seen exponential growth.
The adaptability of Cardano is further enhanced by its support for multiple programming languages, which broadens its appeal to a wider developer community. The recent onboarding of hundreds of native tokens and DeFi applications underscores the ecosystem’s dynamic nature. Combining these factors and programmable ADA scarcity cements Cardano’s status as a leading dApp ecosystem with solid organic growth.
The conversation around Cardano ETFs is taking place against the backdrop of an evolving regulatory landscape for cryptocurrency investment products. The approval of Bitcoin ETFs in the U.S. has allowed other cryptocurrencies to follow suit. Industry experts, such as Valkyrie’s co-founder Steve McClurg, have expressed optimism about the potential approval of ETFs for other major cryptocurrencies like Ethereum ( CRYPTOCAP:ETH ) and XRP.
Cardano is already making strides in this direction, backing the Swiss-registered 21Shares Cardano ETF and participating in the OTC-traded Grayscale Digital Large Cap Fund (GDLC) portfolio. The establishment of such ETFs could significantly enhance the accessibility and attractiveness of Cardano to a broader range of investors, particularly those from traditional finance sectors looking to diversify their portfolios with digital assets.
ADA: Pullback in UptrendTrade setup : Price remains in an uptrend. Following a bearish breakout from an Ascending Triangle pattern, price pulled back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Stop Loss (SL) at $0.43.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
ADA Cardano Will Have A Great BullrunI believe that Cardano will have a great run this next bullrun. The chart looks bullish and I believe it has finished its correction and consolidation, considering it only did about a 10x in the last run give or take, I think this one has some room to grow. This next one may be the big run for ADA in my opinion.
In the short term I see ADA falling down about 40% percent down to 30 cents before its run up.
Not financial advice, just my opinion.
it's time to going down for ADAUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
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if you want to enter in this position:
Enter Price: here
Target1: 0.5906
Target2: 0.5850
Target3(Final Target): 0.5731
Stoploss: 0.6078
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SOL vs ADA - A Market Cap Risk Comparison SOL vs ADA - A Market Cap Risk Comparison
CRYPTOCAP:ETH , CRYPTOCAP:SOL & CRYPTOCAP:ADA can all rise together & one may win out over the other but I think this chart emphasizes the increased potential -92% downside risk in CRYPTOCAP:SOL
CRYPTOCAP:BTC , CRYPTOCAP:ETH & CRYPTOCAP:ADA have c.60% downside to their recent lows by comparison.
This also highlights just what an incredible run CRYPTOCAP:SOL has had. To be clear. I am not stating anything other than this.
▫️ SOL has increased downside risk vs BTC, ETH & ADA based on market cap increase
▫️ That Risk may never materialize but it is there and its better to know than not know.
▫️ There is room for all 3 in your portfolio, allocating based on downside risk avoidance may be beneficial.
Taking "some profits" when SOL hit $120 was clever and leaving something on the table for the larger long term move is also clever. Its not about being right, its about protecting yourself and trying to stay on the right side of probability. Allocate accordingly.
If you are a long term investor all this short term noise does not matter and you might be looking for SOL to make a new low to continue to DCA. Also fine.
I am presenting this visual to offer perspective to help you with your own personal portfolio decision. Its just a perspective worth considering.
PUKA
💎 ADA/USDT - First Long , Then SHORT ! But ? (READ THE CAPTION)By checking the Cardano chart in the weekly time frame (logarithmic), we see that the price fell after reaching the supply range of 0.67 and corrected to $0.46! If the price stabilizes below the supply range of $0.56 to $0.68, I will have a higher probability of falling from Cardano in the medium term! Only if the price breaks the $0.68 resistance and stabilizes above it, we can expect another Bull Run from Cardano! The efficiency of this cryptocurrency has been more than 150% so far !
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Cardano - ADAUSDT - 15x to 20x in the Upcoming Bull CycleGreetings,
Cardano has been one of the strongest projects in cryptosphere with ADA performing tremendously in last two bull runs.
- The top of last bull cycle was $3.03 which was 170x of the bottom.
- The bottom of this cycle (~0.23) is more than 10x above the bottom of the previous cycle (~0.018).
- Being realistic and reasonable human being, we do not expect that ADA will be 170x of this cycle's bottom ($38.72) nor will it be 10x of the previous cycle's top ($30.3)
- But we do expect that it has the potential to reach somewhere around $7 to $10 per coin at the peak of the upcoming bull cycle. This will be about 30x to 40x of this cycle's bottom or 15x to 20x of current price levels.
We expect these targets to be hit over the next 18 months
In the shorter term (next two to 4 months) though, we are showing some key levels
In case of a breakdown
- Immediate support is around $0.45
- if that fails, next support is around $0.37
- if that fails, the strongest support will at $0.23 which we don't expect to fail
In case of break out above,
- The next resistance is around $0.67
- if we break above it with BTC ETF approval, $1.00 will be a strong resistence based on past history (zoom out)
If the BTC ETF gets approved, all coins will have substantial gains but it will be followed by a retrace. For ADA, we expect that it will retrace in the 30 cents range probably around $0.37 prior to BTC halving before going up again and making new ATHs.
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Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
ADA: Pullback in UptrendTrade setup : Price remains in an uptrend. Following a bearish breakout from an Ascending Triangle pattern, price pulled back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Stop Loss (SL) at $0.43.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.