ADA heading towards Potential breakout ADA, one of the naughtiest currency, which is always in news and rumours. This obviously adds on to this value. Now ADA has moved into an ascending triangle, with potential breakout by end of April or early May.
Until then there are enough opportunities (SHORT/LONG) for short term traders.
NOTE: These are my personal notes and in no way financial advice. Do you own research and trade wisely
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ADA (CARDANO) PRICE TARGET $2.4ADA/CARDANO is rallying very nicely from previous levels of demand. If you know how to spot SD imbalances and how to trade them then you know that this price action is very reassuring right now.
We reacted to the lowest demand, began to create an ascending channel in which we broke out from and now we are retesting the channel + new demand.
I am expecting a move to 2.4 dollars. We may get a pullback back into the channel, that is fine but longer term over the next few weeks we should see price start to trend back to the upside.
Long bias on ADA :)
ADA nearing the end of consolidation?ADA has now been consolidating for just over 2 months above $1.00 during this current bull market cycle. The fact that it has been maintaining this price without significant variation in relative trading volume and that it did not undergo a correction below $1.00 during the crypto market pullback last month is a very bullish signal. From technical analysis of candlestick patterns, the probability of it breaking towards the upside from the wedge is much more likely as long as BTC and ETH maintain a stable price. I would expect a break-out before the end of the month but continued consolidation is also a very bullish sign,
Buy at 1st support $1.16-1.20
Buy MUCH MUCH MORE at 2nd support $1.00 (I would personally liquidate other coins to buy more ADA at this price as it would be an absolute steal)
Price target #1 = $1.45
Ada is about to reach new ATH, Bollinger Band Squeeze, ADA acted like a stable coin in the last couple of weeks, but it might be over in the upcoming days based on the tightening of Bollinger Bands on the one-day timeframe. Investors are accumulating ADA as they have a positive outlook on the future of the token, but the selling pressure is equally high. Until the Alonzo update of Cardano, a pullback is expected from the 1.5ish zone to the support areas or slightly below them.
This is just an idea, my opinion so please do not bite my head off!
ADA/USDT - Local update DownTrend ? CardanoADA / USDT
Local update
An example of dynamic support already working (dotted line), it is also the border of the expanding wedge, it is also the trend line.
As you can see from the chart, ADA, at the moment, lost 27% of its value at the time of the publication of the forecast. From the seller's block to dynamic support, where the buyer appeared.
This wedge will break down. The guideline for the beginning of the setup is just the wedge trend line. Targets are buyer's blocks. The arrows marked the potential price movement. Seller (red) / buyer (green) blocks denoted
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Write your opinion, whether there is a place to buy here, and open a long position
ADA short term ADA did well by holding the strong support line of $1.0287, I did buy around $1.05 and sold 50% of positions at 1.19, the other %50 I expect to sell it at $1.27
ADA right now is hovering around the 1.15 will continue to rise to the resistance of the 1Hr support of 1.28 and we should expect a pull back to the soft support of 1.11.
Good luck, Trade at your own risk.
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ADA/USDT : Update- Looking for entry on Support.ADA has continued it's drive north on the charts and has behaved strangely well within the channel.
I'd like to see a pull back and consolidation before a move higher.
A lot of media attention at present and with Mary Hard-Fork scheduled for tomorrow we might see some more volatile price activity over the next few days.
A surge higher could potentially find support on top of channel but it would be weak support at best so I'd be looking to protect gains if we head back to ATH or above.
I'd much prefer an entry on baseline support.
If ADA loses it's major support line I'd be looking for far cheaper entry prices.
As always, not financial advice
Just my thoughts and TA
Bingaz
ADA (Cardano) Breaks key trend line and could grow to 1.3+ADA has remained strong during the recent dips. It's looking set to pop off and IMO is still undervalued compared to something like ETH - I'm pretty bullish for ADA and love the project.
Still it's a risky time so beware of the effect BTC could have on any trades
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ADA headed down to support before rebounding to ATH?ADA has been in an upward channel since the beginning of February. The dip a couple days ago was sharp, but still pretty much within the expected upward channel for ADA. We're now also in a smaller channel and headed down, but once we hit bottom I think ADA will rebound higher than ever in the same bigger channel.
ADA to see another leg up today!ADA is in full bull run mode and the gains are looking to be extended today as ADA is testing recent high located at $0.7090.
A break of $0.7090 will lead the price to $0.8500, which will be a checkpoint before $1!
I am looking to take my profit slightly below $0.85.
MACD is in the third buying wave with buying volume increasing.
RSI is above 60, so bullish momentum is present.
Good luck!
ADA pushing local highs!!!ADA has seen a beautiful break out just recently and if it can turn this previous resistance into support that will be a mighty bullish sign for ADA, we are considering laddering some longs around potential support areas just below this level.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
ADA - Breakout Imminent?ADA - Cardano - one of the highly regarded coins fundamentally, providing similar services to that of Ether - Ethereum
The chart setup looks awsome too
I'd would expect a break of 0.375
Struggle in the 0.39's and back down to retest the initial breakout, if successful it will push on to the 1.618 at 0.435
Then we reevaluate what interaction we expect at this level, with some profit taking for sure!
Lets go ADA
ADA (Cardano) Upward Wedge Formation for Possible ReversalADA just looks like is forming an upward wedge with a possible reversal to the short side.
There is a possible trend reversal coming if it breaks the bottom trendline.
ADA possible next stops because of support:
- .25 - .26 : decent support on the left
- .15 - .18: strong support on the left possible last stop to bounce back up.