ADA's Situation Right now!ADA is in a Big Descending Triangle Which Means the Price Might become Even more Bearish! There is no Break out yet But It might Happen Pretty Soon! This chart and Info are Provided by our Sponsor WHITEBIT Exchange. Please Check their Exchange Using the link down below. So there are two scenarios Right now Which are that a Bearish Movement Will Happen and The price will reach 0.3200$ or that a Bullish Movement Will Happen and The Price would Head Back to 0.75$ (a Pretty Strong Resistance right now!) We shall wait to see what Break out Will Happen and after that the Trend will be Determined!
-ADA is in a Big Descending Triangle
-The break out for Trend Determination Has not Happened!
-Support at 0.32$ and Resistance 0.75$
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
Search in ideas for "ada"
Ada usdt 4h chartAda reached the strong resistant zone at 0.55 dollar ( there is a static resistant level also longterm desceniding trendline and 200 ema)
2 different scenarios showed by red and green arrows
If ada could break the 0.55 resistant zone ,it will reach to 0.65 dollar but if 0.55 dollar level is held ,it will decrease to 0.45 dollar
ADA's Situation: What can be done?ADA is in a Parallel channel Which means the Side way Trend is Still Present. We can not be Sure If Cardano Can break this Channel and Increase to Higher Levels Because there is a Hidden Bullish Divergence (-HD) on MACD which Means the Price is gonna Decrease Soon! So Be careful With your Positions! In a few Days the Trend can be Recognized and we can take Position afterward with less Risk. If the Price Could Increase, It can reach The Resistance which Sits around 0.90$. If the Price Can't Break the Channel It will reach the Bottom of the channel and It will Reach 0.45$ Support zone.
-ADA is in a Parallel channel
-(-HD) on MACD
-No break out yet!
-if price increases, It will touch 0.90$
-if it Decreases, The Price will reach 0.45$
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Thank you for seeing idea .
Have a nice day and Good luck
ADA (Weekly) / Elliott Wave & Algo Technical AnalysisADA reached the 0.382 of the full retrace. The GZ of the 3D algo extension (blue fib) is aligned, which explains the recent bounce. The current weekly candle looks weak but is ending in 3.5 days. The red algo traditional series has been driving prices down since the ATH. Prices have been travelling through this downward channel. Most major altcoins seem to be in a similar situation. Most of them are in BTC's hands. EW speaking, ADA is quite frustrating because it was pretty clean to the upside but not to the downside. Lots of overlaps and noise.
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
ADA USDT Long - Almost on the Support Level ADA has been bouncing for weeks on this support level. Now that we had a break of structure on the rising channel yesterday, a good bounce on the support level is high possibility. When the long trade is looking good, we can TP 50% on the first green line and then just put 4% trailing stop for the other 50%.
If support is lost, wait for retracement and expect ADA to go .4 again.
Always make sure to put a stop loss. Happy Trading.
ADA Next Move 1DADA is a course for itself, look at the ADA market cycles... we were in a bear market and so many people did not understand, for I had many hopes for the continuation of the bull market but it did not happen, right now all eyes are on USD DXY and it seems it wants to go even higher to 108 and if that happens we will make new lows in crypto, we will go back up but for now things are not looking good.
ADA Little bit DUMP, then PUMP (-_-)ADA has 3 strong support but personally I don't think price goes below $0.5650
Also look like price form a BULLISH FALLING WEDGE PATTERN which is bullish pattern for future price
In long term ADA can reach very higher prices. (invest on your own risk and strategy)
please share your opinions in comments :)
ADA Inverse Head and ShouldersAda potentially gearing up for a big move with this inverse head and shoulders set up. These aren't the strongest performing patterns, so be patient when trading. It is also hard to be bullish while ADA is under 1.00, but this could change everything if it plays out. The price target of this pattern is the 1.60 range, a 75% pump. We are also testing key levels of long term horizontal support, if these lines don't hold things could get ugly. Moving to the long term VPVR, the point of control is around 1.30, which could be a good range to take profits. Being below almost all of the volume from the past year is also alarming, another reason to be cautious here. The daily EMA ribbon also flipped bullish for the first time since September 2021, but is currently struggling to stay that way. All of this convergence is pointing to an explosive move soon, lets just hope its in our favor.
Bulkowski on Head and Shoulders Bottoms: thepatternsite.com
ADA - Cardano - Its been awhile baby ; bull continuation optionsADA - Cardano - Its been awhile baby ; bull continuation options
If she continues on up I expect one of these fractals to play out. Zoom out and check the where the RSI is repeating patterns from.
Im looking for macro RSI / momentum patterns that seem very similar then I'll build my strategy for exit etc around that.
We can of course re-enter goblin town.
Let us pray that is not the case because I am long ADA spot and SOL perp right now. @@
*check the attached analysis when this run was all starting.
ADA (CARDANO) IN A CONSOLIDATION ADA (CARDANO) is in a 4th wave and it can take little bit time for correction, After that we will go higher to finish the 5th wave.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#ADA #CARDANO
ADA broke out descending resistance#ADA/USDT
#ADA broke out from descending resistance line.
as trend lines and shown in chart price reached a resistance zone which is the same with descending and ascending trend lined that make this area strong.
in next week price will drop tp broken line to confirm it as support.
🐮 holding the support line will increase price to next resistance zone between $1.6 and $1.8.
🐻 breaking the descending line can drop price to support zone around $0.4.
ADA now or neverADA, if it weren't for the fact that the price is underwater I would say that from a technical point of view it is wonderful.
The trend is clearly bearish and has been falling for months.
Even a child would understand that it is in a down trend, but not so many adults would understand that you shouldn't buy a coin like this while it's falling.
Now, we are at an important point.
Two things can happen:
1) it breaks the bearish purple trendline and pumps like there's no tomorrow, or
2) it breaks the 0.786 fib level which magically coincides with a monthly support, unique of its kind. If that happens, we'll teleport downstairs.
I already know that something else might happen, like that the price breaks the purple trendline and then bounces over and over on the blue support. This is because ADA is an altcoin and part of the BTC gang. And the gang members don't do anything unless they first see what the boss does.
Make your considerations.
ADA still in downward channel - key resistance $1.0 and $1.1ADA is still trading well within it's downward channel from ATH's in August 2021. Movement direction still correlated with Bitcoin's price action, so if Bitcoin maintains upward movement I expect ADA to retest the $1 level and eventually the $1.1 level. Maintaining it's value above $1.1 will signal a shift out of the downtrend, at least on a short time frame until shown otherwise. If there is rejection from the $1 level, then I expect a retest of $0.90.
Cheers!
ADA (CARDANO) LOOKS BEARISHADA (Cardano) most likely finished wave B of (Y). We can see 2 conversing lines (Ending Diagonal / Falling wedge) on a ((c)) wave of B. We can see lower prices in the upcoming days.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#ADA #CARDANO
ADA (CARDANO) STILL BEARISHADA (Cardano) will go around 50% or 61.8% for finishing the 1st wave and after that, we will bounce to the upside for finishing the 2nd wave. For 2nd wave correction, we will most probably go to the previous 4th, which is 50% and 61.8% area of fibo. After that, we will see now low on ADA.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#ADA #CARDANO
ADA: A MAKE-OR-BREAK MOMENTADA is on the verge of losing EMA100 in the weekly timeframe. If the current weekly candle closes below EMA100, the possibility of losing the critical support area below will be real. Personally, considering the weak volume and bearish behavior of the price, I think more bleeding is on the way. Plus, the grand scheme of the markets does not bode well for the investors. In order for a reversal to initiate, a weekly candle close above 1.2 with a decent volume is needed. Moreover, time is of the essence, and ADA cannot afford to lose time anymore. A bearish retest is always accompanied by weak and declining volume and that is what we have considering EMA100. Without a doubt, I will post buy orders around 0.4 - 0.5 if the price decides to go down that road.
If you find the idea helpful, I would appreciate your support by pushing the "like" button.