ADA (CARDANO) STILL BEARISHADA (CARDANO) is most probably still in the correction phase as a WXYXZ. It will most probably finish around lower channel support.
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
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ADA reversal path factors?ADA reversal has been waited for a long time. What could be the factors that drive ADA back to higher support bands?
Short-term indicators show potential but long-term, lagging indicators are more bearish.
There could be a new correction and then up unless strong enough momentum to get us past the resistance levels.
No financial advice.
ADA - Will we reach all time highs again? ADA
Daily Time frame
ADA has been in a down trend since September 21 creating this descending channel and heading towards major support at 1.000000 where price has failed to break through numerous times now.
Will we see price break out and reach all time highs again?
What do you guys think?
ADA Bullish DivergenceADA has formed some bullish divergence. If we see a bounce to the upside from here there is resistance at 1.45. There is even stronger resistance around 1.80. If the market as a whole continues to slide ADA would most likely find strong support between 1.00 - 1.05. If it were to reach that area it would be a great time to enter a position for a potential 40% gain.
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Ada / USDT technical analysis 03/01/22ADA/USDT 4-hour chart
An additional headwind may appear at $1.49 before ADA tags the upper boundary of the governing technical pattern. If Cardano price breaks above $1.50, a 32% upswing toward $1.98 could be on the radar.
However, if selling pressure increases, Cardano price will discover immediate support at the 50 twelve-hour SMA at $1.33, then at the 38.2% Fibonacci retracement level at $1.25. Additional lines of defense may emerge at the August 3 low at $1.26, then at the December 4 low at $1.18. so lets see what will be the next move?
ADA CARDANOADA CARDANO has been in a downstream channel for about 4 months.
It has two options: either go up to the top of the channel, maybe even make a false break and enter the channel again and continue its descent or leave the channel and change the trend, that is, go up and we can have a TP1 at $ 1.7 then TP2 at $ 1.9 and why not at $ 2.2. I believe more in this latest version, that ADA is ready to change the trend.
ADA Had A Phenomenal Run in 2020/21ADA had a phenomenal run in 2020/21. It has reached to a full 4.236 fib. ext based on the rally prior to capitulation where .236 is sitting on top of. Even though i think ADA still has i bit more to go. Not to much but still 200-300% could still be in the play here.
To get the final clue where the final target could be, we have to extend fib. levels over the full 2017 bull run. (level 1 sitting at ATH, 0 at the low). If we do that than the full 4.236 extension gets us to around $5.5. (will show that below in the update)
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
KRAKEN:ADAUSD
ADA CRASH?? In a descending triangle!!! $0.70 next?ADA is currently trading in a large bearish descending triangle. If it breaks down, the technical price target is about $0.70. It's possible this is the bearish version of BTC's falling wedge pattern (which it broke out of). I would remain extra cautious in you are an ADA hodler, as Cardano seems to be collapsing. It's still possible it breaks to the upside, especially if BTC rallies hard soon.
ADA showing sign of bottomingADA is showing signs of bottoming around $1.25 level. The price is trading in range with strong support at $1.20, while RSI indicator is slowly picking, showing positive divergence. Pattern means bulls are taking control over the price.
ADA is a good value play and has lots of potential when market turns bullish again.
ADA Daily View - Long setupADA is currently on a long-term key dynamic support and with RSI in deep and MACD MA under the line near to make a bullish cross, ADA has a very good chance to start moving up, also with a nice green hammer candle on daily as you can see the bullish signal already happened.
ADA broadening wedge or head and shoulders?#ADA/USD
$ADA is trading at long term support zone,
if price hold above this support it can increase to resistance zone.
ADA can shape broadening wedge pattern, that will increase price to $3.6 and $4.
and if price reject from resistance zone it can shape head and shoulders pattern and drop to support zone around $0.4 and lower.
ADA monthly chart can we have cup and handle#ADA/BTC
ADA price is at 0.618 fib level of whole swing high.
if price hold this level as support, it will head up to resistance zone around 4000sats.
if bulls success to break out from this resistance price can increase to 8460sats and maybe 12060sats in long term.
but if bears success to reject the price from resistance zone, it will drop to 1656sats that is the 0.786 fib level.
ADA/USDT (CARDANO) HAS FINISHED 2nd WAVEADA/USDT ( CARDANO ) has finished 2nd wave as a preferred count but we can have an alternative scenario also which is where level as a red degree, If we see more downside and go below $1 then we can go more downside for making 2nd degree of a bigger degree.
#ElliottWave #Cardano #ADA
ada long ada at a monthly res/sup area we can see some buying pressure green line daily low red line triangle top . ada on daily overshooted downtrend pulled back now on 4h broke trend channel line in blue pulled back to trend line now seems like ready to push higher . first target is daily trend line in red . looking for long term hold
ADA BULLISH ON WEEKLY EXTREMELYBADA If forming an ascending channel indicating a bullish run to the upside and it has only touched the Top twice if ADA dumps to around the $1.70-1.60 those are the ranges to buy.
Price will correct around $1.68 zone and it’ll looking like we will hit that zone so a pretty good buy zone
Over the next few months we could see $ADA doing a potential x2-4
Let me know your predictions
ADA - Daily Chart ✅ADA was consolidating in a sideways channel and then pumped up and got rejected by the resistance.
There are two resistance levels on the way up, pushing down on price.
And also, two support areas are holding the price up.
The market is showing Sell Volumes for ADA right now.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $2.032
Let me know your ideas.
Good luck.
ADA - Daily Chart ✅ADA is consolidating in a sideways channel.
There are two resistance levels on the way up, pushing down on price.
And also, two support areas are holding the price up.
The market is showing Sell Volumes for ADA right now.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $2.027
Let me know your ideas.
Good luck.