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ADA - A Long Way to GoADA boasted an inflated market cap through last year. There was no real justification for its value, because there was no true working product - or at least something which was on the verge of mass adoption. It was pure speculation of what 'might' be and not grounded in anything but hope. So, ADA has been flying high for a long time and was way too close to the sun when it hit $3.10 a coin. It is a well overvalued project and anyone suggesting it will return to its ATH in the near future is creating false hope founded in the same fictional claims. At best, I see ADA hitting the approximate $0.45 mark. However, considering where the project was valued this time last year and no real changes since then in terms of tech, ADA still has a long way to tumble. Don't mistake the most recent pump as anything other than squeezing the last little bit out of the coin, before its demise. The market is down and ADA is going to continue to decline until the time the true leaders in the field begin recovery.
by HoldenTC
ADA/USD - Fakeout and breakdown. Can we recover? 🙄ADA’s attempt to go above $2.4 was sharply rejected last week, and since then, the price has continued to make lower lows reaching $1.7 during yesterday’s correction. For this reason, ADA’s performance was poor in the last seven days, with a -10.3% drop. The breakout from the descending triangle can be interpreted as a fakeout which may have trapped many bulls that hoped for a rally instead. The current resistance for ADA sits at $1.9, which was the former base of the descending triangle, while support is found at $1.7 and $1.5. Looking ahead, ADA may have an opportunity to stop the bearish trend as the RSI has made a bullish divergence on the 4-hour timeframe, similar to Ethereum. However, one has to be very careful as daily MACD continues to remain bearish. To confirm the bullish divergence, ADA has to return back above $1.9. Like and follow if you liked my idea!
by duonine
ADA/USD - Massive bearish divergence! Be careful!😱ADA has painted a massive bearish divergence on RSI (see yellow arrows). This is bearish, particularly when it happens on weekly timeframe, BTC had the same and it crashed 50% this year... Moreover, the MACD moving averages just did a bearish cross on weekly as well... last time this happened, it took ADA two months to return on the up-trend... This is not the time to buy ADA hoping for MOON... this is when you wait. We need clear signals to return and buy ADA. What can those signals be? First price is in a range between $2 and $2.4... we need to BREAK OUT of this range, above $2.4 to get confidence on any future pump. Secondly, the support at $2 also has to hold, if that falls, then there will be very little hopium left for bulls... as ADA will likely explore lower levels... Right now we seem to exit our descending channel and go sideways, this is good for bulls. The overall market is bullish, and this can help ADA from a deep correction. Time will tell, but the indicators are clear to me. Bias remains bearish so long we are under $2.4. Like and follow if you liked this idea!
Short
by duonine
11
ADA is primeADA had a pretty drawdown following the BTC flash crush. This has created new great opportunities. I entered this baby on the daily 50 MA support at 2.34. However, I didn't share this trade as it was a high risk. Now ADA is hovering at 2.62 after a strong reaction yesterday which brought it to 2.81 at the peak. ADA is bullish right now. Why? - strong bullish engulfing - Reaction of the previous resistance (reclaimed) turned support (old ATH) - High volume on the engulfing - great fundamental Now the first resistance to break is the diagonal trendline. A good entry will be on the breakout of the resistance or the retest. Entering now is too risky as there is not a clear direction yet. My stop loss is set at 2.40 below the strong support. I see ADA break out on the next day or 2 and walk its way up to 3.1. The final target is 4.13 for this trade, with partial profit-taking on the way up. However, I believe ADA will reach $19 in this bull cycle if BTC reaches my target of 185k. So enjoy the ride
BINANCE:ADAUSDLong
by CFcryptoTA
4
ADA ; Cardano, Macro Medium term idea ; Moon Program alpha ETH17ADA ; Cardano, Macro Medium term idea ; Moon Program alpha ETH17 This is a continuation on my old idea that ADA is doing what ETH did in 17. and is a supercycle behind basically. I was concentrating on the second big eth pump of 2017. but the first one looks awfully similar too. That because a lot of bull pumps in general look very similar. But if this one is true then ADA may go higher than everyone thinks. And this would only be the first big macro head, we'd get another potentially next year I imagine or at the end of the year. As you can see ADA is pumping way harder than ETH did then % wise, but you need to look at the ratio not the #'s. I am going to regret not just holding ALL my ADA i know that now. haha :) ahh well. such is the way of the dragon. RIDE THE DRAGON BECOME THE PHOENIX something like that. glhf
KRAKEN:ADAUSDLong
by Crypto-Quantum-Fox
4
Ada usdt 1h ADA is moving into a pennant Volatility is being bullish and Local bullish trendline is support movement.. Also there a MA 50 which was supported movement and it formed a bullish trendline !! Everything seems ok in low TF; But on high TFs, There are many indicators which are reaching their buy limits.. How ever I expect another breakout just like last night, If it breaks pennant one more time, ADA will makes another ATH .. Based on market's situation; There is a possible chance for ADA to bounce again ! So next candles are critical for direction... 📌 Have to mention that there is a bullish trendline which is formed on RSI and it's supports RSI's movement on current TF. 🔴 Many factors are leading BTC to have a correction on mid-term overview; Trade safe, Better to wait for breakout !! What happens if ADA rejects bullish trendline and MA 50 ? If ADA reject to continue the upward movement, It will dive to lower supports at 1.41$ and 1.35$. Gratefully they are not so far from current level ( about 8% lower ) So there won't be any problem if it rejects pennant !!
Long
by shahruz7
ADA where is she going? ETH may answer that.ADA where is she going? ETH may answer that. I am just throwing this out there. I wanted to do a fractal comparison with ETH. Look at the dominance graph; coinmarketcap.com set for just ada and eth. now looks like ada just did eths correction in 2016, now is running up like eth did in 17.. ada is following eth's historical footsteps?? If so this fractal may play out. The other ADA analysis I did was sort of freehand prediction, this is more specific fractal based. IT IS respecting levels. Like my other prediction so far. Levels are marked out on the chart. HODL, play that double bull head if you have the cahones! if we even get one that is. though i think we will. that would fit the 2013 model. Now bow your head, Let us pray.
BINANCE:ADAUSDLong
by Crypto-Quantum-Fox
4
ADA is .08$ ETH is 225$ Hoskinson, ETH co-founder, created ADA.ADA has the makings of a Bull run this summer/fall. This pullback is creating a solid foundation for a spring forward. I see a lot of what I've Liked in other coins in ADA. But most coins lose their stamina around this time. They get a good pump and then they become part of the system with an ATH & ATL. Their still solid money makers but I like a little volatility in my life sometimes. What I don't see in those coins anymore is a solid CEO behind them. You invest in a coin and read about its creator and find out its someone who doesn't really care about it. Where the coins go and how it'll better the world should be major guidelines for a coin's roadmap. But some creators or CEOs just use it for personal fame/gain. Coins, I think, are becoming more like Stocks in that people are treating them as if they'll be around longer. People are investing in coins and are interesting in seeing where and how crypto ends up. That all being said. Charles Hoskinson seems like he wants Cardano to succeed and to pave a new way for crypto. He worked to create ETH and left to create Cardano. He has plenty of updates on the coin and tries to be very transparent in his objectives. Unlike, some CEO/ creators he also claims his coin in pride. It's not something he has created and let loss on the world. And it is not something he relies on other developers to develop. Follow his twitter you'll see what I mean. EMotion aside. I could see ADA arching down for the winter toward .05$ but big whales know ADA will be worth more soon and won't let it go down without a fight. COINBASE said it might add ADA sometime. This could be the Huge drop to .05$. As a Coinbase listing may have that effect. But over time the listing will prove to be a benefit. I'm holding my position.09 because I am leaning towards ADA springboarding up in July with some good news from Charles Hoskinson.
BITTREX:ADAUSDLong
by UnknownUnicorn5174798
1
ADA/USDT ADA/USDT monthly chart ADA/USDT has been falling for five consecutive months, clearly demonstrating the intensity of this current trend. The current drop being observed here is very much uncharted territory, which is likely sparking further panic Looking at the daily chart view, ADA/USDT had somewhat stabilized on 25th November from the heavy selling pressure. A small bounce and a form of consolidation was seen with the price’s behavior. The bottom seen on the 25th, around $0.0331, has held right up to the 5th December. Sellers were very clearly exhausted after that huge November drop. They allowed time to rest, then turned the pressure back on, as seen 5th December. A breakout from the recent bottom came into play. The move was exacerbated to the south, through that initial near-term area of support. Once again, the price is moving sideways, which is another form of consolidation mode observed. This behavior does still indicate of some vulnerabilities to the downside. When looking at ADA/BTC, the pair portrays there could be another squeeze lower before a solid bounce. In terms of ADA/BTC, the next major area of support via the monthly chart view is not seen until the December 2017 low. This would still mark another 35% drop, before any firm cushion. Further to the downside, the October – November 2017 low area, which would be 70% further south, is the next target.
BITTREX:ADAUSD
by scavvo0
ADA/BTC where is the fall going to STOP??ADA showing tremendous bearish results! As the 0.10$ barrier was broken, we cannot antecipate the bottom in a ADA/USD graph. So i'm using a ADA/BTC to see where we can expect ADA to find support. So the red rectangle, it is almost 100% sure it will touch that. If support isn't enought there, then we will have ADA where it was in October previous year, in the blue rectangle. As the whole market sinks, cardano has been probably the top10 one who has been seeing more decline. However previous experience has shown that most of currencies which have a bigger correction, are the ones with a higher increase after. Should we buy Cardano now?! i would wait a little longer to see what BTC will do.
A
by Mr_Guapo
ADA IS IN THE THRESHOLD! IT WILL WALK OR HALT BUT NOT RUNADA has a very low volume but has a strong support level at 0.5 fibo. Because of low volume it is possible to break it down.But It can bounce from 0.5 fibo as well if BTC gains some power. If ADA breaks the support level, our next support is at 0.00002552/BTC. MACD is not promising position now like EMA and RSI is trying to cross 30 level on the chart. Up to me: In short term ADA could fall a little In mid-term ADA could rise up to 0.00005744 In long term ADA maybe 0.00008800
A
by bakguc
2
ADA/BTC - My simple trade ideaADA/BTC went under a 6 months bottom trendline channel this week I think its making a spring/fake out so basically : if ADA/BTC manage to get back above this trendline, at ~550 there will be a possibility for the pair to go x10, meaning that ADA/USD could go at least x20 for this bull run if it can't go back above this trendline, I will slowly quit ADA to go for other assets performing already well Weekly RSI is in bullish divergence since the trend has started (summer 2024) so this is kinda a big sign that ppl are buying it and that the coin is not necessarily dead note that ETH/BTC is quite in the same situation and I have the same strategy for this asset
Long
by onemorewine
ADA Price AnalysisADA, is currently trading within a range of prices, specifically between 0.5588 and 0.5988. There are two scenarios to consider: If ADA maintains its price above a certain level, marked in green, and then breaks above another specific price point at 0.5934, we might see a significant upward movement of about 24%. The target price for this potential move is 0.7414. In this case, we might consider entering the market after ADA surpasses the 0.5934 level. To manage risk, they could set a stop-loss order below the green zone. Alternatively, if ADA's price drops below the green zone, particularly at 0.5695, the next target price would be around 0.4620. This lower price level could present another opportunity for us to enter the market.
by TheCryptoCity
ADA (Cardano) holders, time to take profit !#ADA /USD TA Update: $ADA currently trading at $0.3919 According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.3722 (03/23) We have potentially a Profit Point coming at the end of the day (5,5% Profit). There is a resistance at the 200EMA at $0.3975. The same which has rejected ADA many times before But we have broken the descending channel. Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357 if ADA holds, we could see a massive gain (183%). What do you think ? Please click LIKE button and Appreciate my work. Coinlion Trend Trader indicator tells me - When to enter short or long - When to exit and take profit :-) If you want it or my SL indicator or My Liquidity Support and Resistance Indicator, let me know. Thank you.
BITFINEX:ADAUSDLong
by Coinlion_TT
ADA update ADA has reached the target from my previous chart completing the previously discussed HnS, and I have entered around 2. It is now attempting a break through the 50-day VWMA, which was previous resistance. I suspect this will fail as ADA is not showing great momentum yet, and the stochRSI start to look weak in the intraday frame. However, if 2.42 is broken with great momentum, ADA will reach 2.79 to steam off before completing an inverse HnS and reaching a new high at 3.8. My loading zone is at 2.05 right now. If the 2.42 will get violated, then I will buy on the retest. I am happy with my ADA bag. However, it is never enough.
BINANCE:ADAUSDLong
by CFcryptoTA
ADA Fills Volume Gap Buyers UnsureADA bounced off of the 200MA but the buying was just not there, and it dipped below the 200MA. That tells us buyers are unsure at the moment. Therefore, the strongest support area above 2.18 was tested, which is 2.5. This held for the moment. Set an alert at 2.48, if the price falls below this, it is heading to 2.2. These next few hours will tell us a lot. Buyers seem to be satisfied with the price at 2.5 right now. However, this could obviously change at any moment. The price is filling the way you would like it to. In the weakest areas, it looks like steps, this means the price is filling and pushing up little by little. Once it is filled, it will make an attempt to push upwards and that is when another new high peak will be the most important. This will tell us if the trend has changed or not. I expect the price to consolidate in this zone for a few days. Again, keep an eye on 2.48. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
19