Cardano possible next move? 🚀🔥ADA today analysis 💎 ADA is currently showcasing an intriguing pattern, as it's trading within a tight symmetrical triangle, hinting at a potential breakout on the horizon.
💎 At this moment, it's navigating within a high-demand zone, and the RSI is signaling a substantial upward momentum. Moreover, an anticipated crossover of EMA 21 and 50 could further bolster the bullish outlook.
💎 If a breakout occurs in the upward direction, we could witness a fantastic bullish surge. However, if the price fails to sustain its upward momentum, a significant downward shift could be on the horizon.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
J-ADA
ADA Cardano and the Altcoin Season ThesisIf you haven`t sold ADA here:
Then the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ADA Cardano, for which my price target is $0.45.
Looking forward to read your opinion about it!
The 0.4080 point is the divergence point of the rise and fallHello?
Traders, welcome.
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(ADAUSDT chart)
This rise did not turn the trend into an uptrend.
Therefore, I think that the movement to switch to an upward trend will begin only when the price rises above the 0.3032-0.3731 section and maintains it.
I would expect the price to hold above 0.4080 to start a full-fledged uptrend.
The timing of purchase is important for investment, that is, trading, but in the end, you must think about the increase compared to the investment period and decide.
In that sense, if it rises above 0.4080, ADA is a good coin to trade from a mid- to long-term perspective.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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ADAUSD crossed over the MA200 (1d). Buy signal.ADAUSD crossed over the MA200 (1d) after 5 weeks under it.
The main pattern is a Channel Down and the last time the MA200 broke after a bottom, made the price peak near the 1.382 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.44000 (under the MA200 1d).
Tips:
1. The RSI (1d) is overbought. The other two times it reached that level this year, one was at the start of an uptrend (straight after crossing above the MA50 1d) and the other at the end of the uptrend (but the MA50 1d has been broken much earlier). This time the MA50 (1d) just broke today, so it is more likely that we are still at the start of the uptrend.
Please like, follow and comment!!
🔥 ADA Worst Case Scenario: Be Prepared!In this analysis I want to take a look at my personal worst case scenario for Cardano: a parallel channel. Keep in mind that this is not my most likely outcome, but something I'm just watching.
The channel is constructed by taking the top resistance (with three touches) and attaching it directly to the COVID sell-off lows. By doing this we construct a parallel channel with a clear support and resistance structure. The bottom support has not been retested, so we can't guarantee that the market will accept this support. If ADA will actually move towards the bottom support, it would mean that we still have 40%-30% more downside ahead of us.
Still, I'm confident about two things:
- The market will find some kind of support. Whether it will be the definite market lows remains to be seen.
- Buying from this support will offer great long term opportunity, even if it's not the bear market low.
What is your prediction for ADA? Share your thoughts in the comments 🙏
Fluctuations, Resistance, and Potential Price LevelsOver the past week, Cardano experienced fluctuations within a specific range and demonstrated a consistent response to levels that were identified as support and resistance. The resistance level at $0.3050 continues to elicit negative reactions, but if market conditions remain favorable, it is possible for this resistance to be surpassed, leading to a potential increase in ADA's price towards the next range at $0.232. It is worth noting that the subsequent resistance range is expected to trigger a stronger negative reaction compared to the $0.30 range. Consequently, there is a possibility of further price decline, potentially testing support levels at $0.24 and $0.23.
ADA: Ascending TriangleCardano (ADA) technical analysis:
Trade setup : After a big drawdown to $0.25 support, price has been steadily recovering in an Ascending Triangle pattern. We wait for a breakout from the pattern, above $0.30 resistance, with upside to $0.35 (200-day MA) or even $0.40.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.30 (previous support), then $0.40, and $0.50.
BITCOIN : My view for the next few daysFor those who have followed the previous posts I published on Bitcoin, you will already know what my view is, if you haven't seen my posts go and see them in my profile.
Today I go into detail by analyzing the latest daily candles.
Since the last post we have seen a rapid exit from the bullish channel highlighted in which I had signaled the Long entry which took place successfully.
After the upward movement we see a slowdown in prices in the 30500 area, where the candles following that of June 23rd are almost all inside bars, therefore according to my method, NOT tradable candles.
I have highlighted the highs and lows of the candle of 23 and we see an exit on the candle of June 30 which causes the start of the second swing in favor of the bullish structure highlighted by the yellow color of the candles.
The price continues its lateralization approaching the LuBot TrendCloud and today showing another Long trigger on swing number 3.
This could be the trigger that could lead prices to the 34500 area considering the more positive view (green path).
The other 2 views are both positive but see a major correction / lateralization before arriving at the 34500 area.
In any case, the view remains positive.
👍 What do you think? If you also agree with my view leave a like 😁
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Bitcoin - the beginning of a strong dump or will we see another Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
BTC - Friends, the short position is working out according to plan!
We have two important events ahead of us:
▪First: a test of the triangle from below in the range of $30.225-30.150. From there we can get a refund of $30,800. Be careful with your feet!
▪Second: FOMC minutes at 21:00 MCK. You should also expect volatility from this event.
I continue to hold the position and have temporarily removed the $31,550 order. In case of increased volatility, I will set it back.
P.S: Guys, if you are holding a position with me and using high leverage, I advise you to move your stop loss to breakeven, and it is best to move it to plus.
$LTC has been leading Crypto AltcoinsStill have spot CRYPTOCAP:LTC & not selling this for some time.
This, besides CRYPTOCAP:SHIB , is going to be a long term hold.
IMO this is likely to climb the top 10 & get closer, maybe even leapfrog, $ADA.
CRYPTOCAP:MATIC had the crown for a long time but it faded a while ago. The #altcoin leader is #LTC now.
Will reconsider selling some @ ATH but this is gone. Nice breakout at major resistance.
#crypto #litecoin
Bitcoin - another way out of the triangle - is it a trap?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
I will slightly update yesterday's idea regarding the triangle.
Yesterday's swing can be said to have cut the triangle from both sides, there was an attempt to renew the maximum of 31455, but another ETF-related FUD interrupted this attempt and the price fell below $30,000.
At the moment, the price of the asset was able to recover and Bitcoin returned above $30,000 again and continues to consolidate in the range of $30,500-30350. Technical BTC has returned to the triangle again and there is a tightening to the upper border of the potturn, which may lead to another local takeaway towards $31,000.
But I also do not rule out that a new weekly candle will begin to form from a correction below $30,000, which is quite likely, and do not forget about the history associated with Binance, the SEC regulator and ETF, all this is still a big question, they often like to throw news after growth in 15-20% which has already happened.
ADA LongRevolut, a prominent digital investment bank, has made a surprising move by announcing the cessation of support for three major tokens — Cardano (ADA), Solana (SOL) and Polygon (MATIC). The news, revealed by esteemed crypto journalist Colin Wu, came to light after Revolut reportedly sent an email to its U.S. users, notifying them of the impending delisting.
Read more on U.Today u.today
Cardano ADA potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
ADA/USDT long
Entry Range: $0.26 - 0.29
Take Profit 1: $0.34
Take Profit 2: $0.40
Take Profit 3: $0.43
Stop Loss: $0.22
ETH - breakdown of the local trend exit at $2000?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Technical: the price of the asset has broken through the local countertrend and at the moment we can observe a fixation above, which at one time is positive for ETH.
The resistance level was marked with a red line, technical rollback to the current price of ETH is possible from there.
Pay attention to the fixation of cross-sectional bars in one range (almost even candles on the daily TF), it is clear that the market maker keeps the price in one range for further price manipulation.
I think the manipulation will be to take out a short position, for myself I noted the level of $ 2020, perhaps from there and we will see a correction.
There is no desire to consider Long from the current values now, I want to watch the chart for some more time, if ETH goes above $2000, I may open a scalp short with a short stop loss.
ADAUSDT can ascend further! The ADAUSDT is in a Bullish phase by PRZ ZONE
The price shows a strong bullish rejection from the PRZ ZONE.
⬆️Long if we break the 0.236 fib level
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed.
✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them.
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
1 EARTH SET FOR GREATNESS?So what i have illustrated is an update to my previous analysis on 1 earth. This is somewhat
of a revised analysis using Resistance levels. If you need reference feel free to search
my previous forecast for 1 Earth. Currently 1 Earth seems to be setting up a technical bull
flag pattern within a downtrend channel. With Bitcoin rallying and bringing bulls back,
i can see 1 Earth breaking out of this pennant and exploding to the upside. The technical target of the flag is near 0.00310 NEON green highlighted level. But i personally believe it will not hold, therefore i expect for 1 Earth to Reach the upper purple resistance area at 0.00360.
From there MAJOR resistance levels would be broken, in which case we would like to see them hold in order to forecast continuation. For now we wait and see if 1 Earth decides to go for it by breaking out of the technical flag pattern.
-MR. MARTINEZ
ADAUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for ADAUSDT After hitting its first support line, the price was able to move towards its first resistance line. We are currently considering two scenarios. Scenario one: If the price is unable to break above the first resistance line and we see weakness in the trend, there is a possibility of a price correction. Scenario two: If the price is able to break above the resistance line and move higher, it is not expected to reach the second resistance line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
ADA LTF Long Trade
ADA managed to get above the 0.29 USD resistance level.
This is the first promising signal that maybe ADA’s downtrend is over.
Currently ADA is oversold on the LTF. That doesn’t mean it can’t go higher without a meaningful retrace.
ATM, ADA doesn’t look like it has the power to push up, at least IMO. Therefore, I will for a retrace to demand zone between 0.275 – 0.283 to consider a long trade.
This is trade no.2 from my previous ADA idea, linked below.
If you took trade no.1, congratulations; you are in profit, protect it.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
Bitcoin - the perfect working out of the downward channel!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Another formation that I talked about a couple of days ago before this powerful run, the “down channel” is another pattern that constantly works out on higher timeframes.
Technical: We didn't confirm the bottom of the pattern at $24,300 but we had confirmation on the falling wedge which I also wrote about in my feed. The exit from the channel turned out to be perfect, you can see the chart for yourself)
At the moment we have support in the range of $28,350 (+ -) as I said earlier that after such a strong momentum we should expect the price to pull back. If the support fails, then the next support level will be $27,350-$27,500, a strong mirror level.
At the moment, I locally expect the continuation of the upward movement and, as you already understood, this may happen through a slight decrease (not a signal to go short!) and we will stretch the global 0.5 Fibonacci.
ADA CARDANO- Support (and patience) 🥱💤Some charts prove me right immediately, some other fail me completely and some just take time to deliver.
Cardano is in the third category.
Boring as usual, till it becomes exciting; it will.
With BTC dominance over 50% major ALTs are not favored (yet). This is still Bitcoin time:
Bitcoin needs to rise fast, some alts will over-perform it but the vast majority not. BTC Dominance:
News:
Cardano Introduces Latest Node Version On Mainnet :
To improve the performance and functionality of Cardano, developers are urging stake pool operators (SPOs) to swiftly adopt the latest Node version, 8.1.1., released on Monday. This release aims to optimize operations across the platform by dispersing epoch boundary computations throughout the entire epoch, leading to enhanced efficiency.
The upgrade is aimed at improving the user experience and smoothness of the Cardano blockchain network. It focuses on reducing epoch transitions, which are periods on the Cardano blockchain lasting approximately five days.
Still, we will need way more news and action than this... it will come
Regardless, price on Major support and perhaps great time to add to our bags at thisd stage (again?..no personally will just wait atm)
One Love,
The FXPROFESSOR 💙
ADA Cardano Bearish Short Cardano face the SEC’s scrutinyDAILY TF short
4H Short
2H Short
34min Short
Strategy Trend Bearish Only technical rules.I ignore all fundamentals
Risk and money management; Trend continuation,trailing stop(Only if buy sell pressure and trendomat confirmation follows)
Position sizing
Solana and Cardano get listed as tradable digital assets in Indonesia.
SOL and ADA experienced price recoveries despite lingering bearish trends.
Solana and Cardano have found themselves entangled in the scrutiny of the US Securities and Exchange Commission. Yet, a glimmer of hope emerged from the recent developments in Asia, potentially offering respite to the assets and their holders. While the regulatory situation in the US remains uncertain and unclear, the news from Asia brings a fresh breeze of optimism.
Cardano could enter an extended price consolidation below $0.3 as buyer and seller indecision persists.
ADA’s lower and higher timeframe charts were bearish.
Long positions were wrecked; funding rates were negative.
The resilience seen within the Cardano ecosystem is yet to boost ADA’s price outlook. It registered an impressive adoption and network growth rate as transactions hit 69 million. But the token’s price remained below $0.3. In fact, it even surrendered gains made between 10-13 June.
The strong rebound from $0.220 on 10 June saw bulls extend gains up to 13 June but didn’t cross the $0.3 price level. Interestingly, the $0.3 level aligns with the 50% Fib level, making it a more crucial roadblock if bulls were to gain an edge and reverse Q2 losses.
In the meantime, the RSI (Relative Strength Index) retreated from the oversold zone but was still within lower ranges, signalling weak buying pressure. But the Accumulation/Distribution metric moved sideways after a slight uptick – pointing to indecision between buyers and sellers.
So, a range formation between $0.247 – $0.3 could be on the cards, given the indecision among buyers and sellers.
But a bearish breakout from the range could ease at $0.220 or $0.182, especially if BTC retests the $24k.
A pullback can be used to sell more ada, as trendomat is bearish