ADA Head & Shoulders on 6H?This is my first post on TV and I am pretty new to TA, so positive constructive criticisms are welcome.
Started looking at this H&S pattern forming on the 6H and it puts a target price of around .44-.45 cents if it plays out. That price level is also confluent with the 200 day MA, which would be a major zone of support.
If I were looking to put in a long trade or accumulate, I would shoot for the .45 cent range (about 18% dip from current price of .58). If I were looking to short, I would wait for bearish confirmation by breaking the .55 level and putting in the short trade at that time.
This can be invalidated with a move above the .60 cent range in convincing fashion.
NOT FINANCIAL ADVICE | I AM A NOVICE TRADER!
J-ADA
ADA: Pullback in UptrendTrade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend. However, price got very overbought (RSI > 75) just as it reached $0.65 resistance and pulled back on some profit taking. Now we wait for price to either 1) break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next, or 2) pull back near $0.46 support for a swing entry in Uptrend with upside potential back to $0.65 or even $0.75.
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 > 55 (Bullish).
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.
Will there be a correction, or is the growth not over yet?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
I decided to take a small short position on BTC by 20% of the deposit.
Technical: The price received a good rebound from the countertrend line, and there are thoughts that we may see a transition from this rebound. Therefore, I will act with a grid of orders with a higher order.
Deal plan:
▪️Entrance - $44,230/44,555/44,950
▪️Stop - $46,520
▪️Take - I will update.
I enter with the first order for 10% of the deposit, leaving 10% for additional additions. A slight correction has already begun on the ETH chart - perhaps this will be the direction vector for BTC. P.S: I could be wrong)
ADA: Pullback in UptrendTrade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend. However, price got very overbought (RSI > 75) just as it reached $0.65 resistance and pulled back on some profit taking. Now we wait for price to either
1) break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next, or
2) pull back near $0.46 support for a swing entry in Uptrend with upside potential back to $0.65 or even $0.75.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
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.
Cardano What's your plan ?- i just made this charts to compare 2 simple ways.
- i always try to keep my maths simple as possible.
- How much money you can make when you short.
- How much money you can make when you long.
- Ada lost -93% from ATH
- So if u shorted Cardano, you could have double your invest (X2).
( have to also add and calculate fees while shorting depending on exchanges..)
( around 0.04% every 4 hours for normal users ).
- From last Bottom in 2020, Ada made 16000% up to his new ATH in 2021.
- So if you bought ADA and keep, you would have made 160X on your investment.
- So tell me, what is the most simple and easy choice ?
- Short or Long ?
- Stay S4fe
Happy Tr4Ding !
ADA/USDT Eyeing Bullish Momentum? 👀 🚀Cardano Today Analysis💎 Paradisers, let's examine ADAUSDT as it showcases a compelling market development. Recently breaking above a strong supply zone, it is now poised to retest this level, indicating a high probability of initiating a bullish movement.
💎 Reflecting on #Cardano market journey, it has consistently navigated a descending channel pattern, breaking upwards to signal bullish movements. Presently, it is engaging in a critical retest of the robust supply zone at $0.5676. With the price maintaining momentum above this level, which is now acting as a demand zone, there’s an increased likelihood of #ADA overcoming higher supply thresholds.
💎#ADA traders must stay prepared for various market dynamics. If ADA faces challenges in upholding its bullish momentum and slips below the current demand level of $0.5676, we might witness a shift in market trend. Traders should then consider pivoting their focus towards a bullish recovery from a lower support level at $0.4658.
💎 Crucially, if #ADA dips below this support, it would signal the need for a strategic market reassessment. Such a scenario would indicate potential obstacles in maintaining the bullish trend, necessitating a thoughtful reevaluation and adjustment of trading strategies. 🌴💰
ADA: Pullback in UptrendCardano (ADA) technical analysis:
Trade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend and broke above $0.46 key level as well. However, price is got very overbought (RSI > 80!) just as it reached that $0.60 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking. If it pulls back near $0.46 support, that could be an attractive swing trade entry area.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 – $0.42. The nearest Resistance Zone is $0.65.
ADA/USDT upward moment preparing for potential shift? 👀 🚀 ADA 💎 Paradisers, observe closely as ADAUSDT is showing promising signs. It's currently on the verge of breaking a key supply level, suggesting a high likelihood of an upward movement following a successful breakout.
💎 In the past, Cardano has demonstrated a pattern of adhering to a descending trendline, breaking above it to initiate an upward trajectory. Presently, it's making strides to break through a supply level. Once this level is surpassed, there's a considerable chance for a bullish movement. With sustained upward momentum, ADA is aiming to target supply levels at $.4499, and may even ascend to challenge higher supply levels at $.5187, eventually aiming to reach the $.6009 supply level.
💎 For the shrewd Paradisers, timing is of the essence in seizing this opportunity. It's vital to identify the most advantageous entry points during this anticipated rise, and to be cautious of entering at peak prices. Additionally, be prepared for the eventuality of a bullish resurgence from the demand level of $.3342. Nonetheless, a decline below this demand level could indicate potential challenges to the continuation of the bullish trend.
💎 In such a dynamic and evolving market environment, strategic planning and astute decision-making are crucial. Developing a well-rounded trading strategy, which includes prudent money management and a thorough understanding of support and resistance levels, is key to achieving successful trading results. 🌴💰
ADA going Sideway, ElliottwaeIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
CRYPTOCAP:ADA update
Took the path up into sideways land. 🧵
As we have seen in other alts, sideways can be tricky.
It could be ZZ done correction over but,
here a some sideways variants on watch for me atm.
Cheers!
ADA/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ADA/USDT update from Crypto Sanders.
Chart Analysis:- ADA bulls woke up this week with an impressive 28% price increase. This spectacular performance obliterated the resistance at 46 cents, and now buyers are looking at much higher levels.
The most important resistance on the chart right now is found at 60 cents. Sellers may attempt to stop this rally around 50 cents, but that is unlikely to last, considering market sentiment.
ADA manages to maintain this momentum, and then going to 60 cents becomes likely.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
ADA/USDT Facing in the key level area. It required break!💎 ADA has indeed garnered significant attention in the market with its impeccable rounding bottom movement. Presently, ADA encounters a formidable supply area and encounters difficulty in breaking through. Observing the candlesticks for any bearish rejections, if ADA fails to breach the supply area in the near future, it could validate a rejection, signaling a potential downward movement toward the demand area at $0.312. This probability could initiate a robust new momentum, gearing up for another attempt to break the resilient supply zone.
💎 On the flip side, if ADA decisively breaks the supply area with a confirmed candle closure above, the path could be paved for ADA to sustain its upward trajectory, making it easier to attain our target supply area in the coming days.
💎 The unfavorable scenario unfolds if ADA, during the retesting phase at the $0.312 demand area, fails to maintain its position and breaches the demand zone. In such a scenario, ADA could revert to a bearish trajectory, potentially retracing to the robust support area.
ADA: Overbought at ResistanceTrade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend and broke above $0.46 resistance as well. However, price is now very overbought (RSI > 80!) just as it reached that $0.60 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.40 - $0.42 (previous resistance), then $0.30. The nearest Resistance Zone is $0.46, which it broke, then $0.60.
ADA Cardano: Breakout after Breakout Hey Crypto Enthusiasts! 👋 It's time to zoom in on ADA Cardano, an altcoin showing some serious moves in the market! Let’s dive into the details and chart out the path ahead.
ADA Cardano's Current Position:
📈 Recent Major Breakout! The charts are speaking loud and clear.
🎯 Heading towards a key target of 0.6844.
Support and Resistance Levels:
🛑 Current Support: Firmly established at 0.52.
🧗 Next Big Leap: If we break past the current level, we’re eyeing a surge over 0.7 cents – a potential gateway to 1.19.
Step-by-Step Analysis:
🧐 It's all about taking it one step at a time. Right now, focus on the 0.6865 target.
⚖️ Balancing expectations with market realities is key.
Long-Term Outlook:
🚀 Potential for massive gains if specific resistance levels are breached.
📊 Watch for a steady climb towards our ultimate targets.
Trading Strategy:
🌟 Don't rush in! Careful analysis and patience are your best allies in navigating Cardano’s trajectory.
📝 Keep an eye on the support levels and prepare for potential shifts in the market.
Final Thoughts:
🌐 ADA Cardano is more than just numbers on a chart – it represents the pulse of the evolving crypto world.
👀 Stay tuned for more updates as we track its journey.
Trade wisely, stay informed, and let's catch the next wave of opportunities together! 💙
One Love,
Your Professor 💙
🔥 ADA's Best Possible Trade: Don't Miss The Entry! 🚨Last month I made an analysis on ADA and the huge parallel channel it has been trading in for almost 4 years at this point. In said analysis I wrote that my long-term target for ADA is placed at 35$ (or the top of the channel, whichever comes first).
The trade is playing out well. However, the 3-day RSI has hit a new record high of 90.37 at the moment of writing. Historically, this has signaled a local top was near.
I doubt that we're going to see 0.38 in the next correction. Still, a correction towards the 0.50$ is still possible after being so far extended.
Don't miss out on the correction. Prepare yourself for any near-term weakness in this token.
🔥 ADA Aggressive Bull-Flag SignalThis signal is based on the idea that ADA is currently trading inside a bullish flag pattern, consolidating before the next break out.
We're going to assume that the lows of the flag are already in and that the break out will occur shortly, hence the aggressive nature of the trade.
Stop below the recent low, target at 0.6$. A more patient trader might want to wait for the break out to be confirmed, which will result in a lower risk-reward.
MINSWAP - Gems Series - 10x to 30xGreetings,
Welcome back to Gems Series!
Due to recent moves in cryptosphere, we will to to publish multiple Gems every day.
First one for today is Minswap and it's token Min.
This coin bottomed a few weeks ago then broke out consolidated and broke out again today.
This project is built on Cardano blockchain and today's move was on the bake of Cardano's own move up. Currently Cardano has only reached about 19% of it's previous all time high and a lot of room to grow. Minswap is one of the best project currently productive on Cardano and a DEX no less therefore this is definitly a GEM!
Here is the report on the selection criteria.
1- Project Status = Active
2- Industry = DeFi (Decentralized Exchange)
3- Community Involvement = Healthy
4- Prominent Listings = None - On Minswap itself
5- MarketCap = $60M
6- Coin Supply = Cir: 1.02B, Tot: 5B
This a small cap and has a lot of room to grow. Based on the factors, this coin has a potential for 10x to 30x rally.
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.
ADAUSDT - WHALES Prefer a Lower Entry🐳Hi Traders, Investors and Speculators of the Charts 📈📉
A quick look at the Fractal that played out on Cardano during Jan - Feb 2021.
A Big demand zone lies a little lower towards the support, and if we take a quick look at Phoenix Ascending (EMA, RSI, LSMA and Momentum) more downward price action seems the most likely for the near future. However, trying to catch the exact bottom is a dangerous game, and I am happy with this entry and perhaps a little lower towards the lower support zone as pointed out on the chart.
If you like Fractals; you'll probably love this idea on BTC:
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