ADAADA will follow btc most of the time and looks to be following bitcoin now with this small correction to the downside Shortby XTradeSetup0
ADAUSD needs to break the 1D MA50 in order to avoid 0.200.Cardano (ADAUSD) has had repetitive rejections (4 in total) on the 1D MA50 (blue trend-line) since May 31. In fact the last time we saw so many rejections within a long-term Channel Down, was during the previous Bear Cycle of 2018. The inability to sustain a break-out above the 1D MA50, led Cardano to the final hyper aggressive flush of November 2018 that ultimately formed the bottom of the Cycle. Based on 1D RSI terms we also seem to be on the third (3) and final leg below the collapse, so if ADA holders want to avoid this, they need to see the price break above the 1D MA50 and sustain trading above it for a week at least. Otherwise the completion of a -93% drop from the top is possible at around 0.200. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------by TradingShot3330
Cardano Daily Timeframe (Bad News vs Good Results Explained)Cardano (ADAUSD) broke our short-term support so we have to step back and look at the higher timeframes... And we go to the daily (24 hours per candle). Notice that the 18-June low remains intact, even with bad inflation numbers and bad news; This is a positive. If you see very bad news yet the market fails to break its support, it works in favor of the bulls. We have good volume today. Still rising and above-average. Would be really good to see a higher low at this point... Any questions leave a comment below. Namaste.Longby AlanSantana6625
ADA I think we need one more bearish wave to break the bottom and might see it at the below levels by ma137221
ADA/USD Possible Target Hello EveryOne ! As you can see , ADA (Cardano) is in downtrend , once a downtrend established it is more likly to continue than it is to reverse , because its takes less energy to continue than it does reverse one. So I think point 2 (Current stage) has not enough energy to reverse the trend and it's a just correction like point 1 (due to volume ). Why this correction occurs ? In a primary downtrend short sellers succumb to the temptation to lock in their gains as the price sinks lower note: Maybe price correction goes above the points I've mentioned , but reaching the target is more possible than new powerful uptrend . by AzhDihakUpdated 1
#week04assignment #RafayBearish trend observed in ADA/USD chart. Entry taken as short selling position after seeing evening star. Stoploss and target price set as per risk reward ratio of 01.Shortby rafay0saeed0
Cardano: Come on!Since January, Cardano has been trailing through the green zone between $0.93 and $0.27 more or less dynamically. Primarily, we expect the altcoin to move deeper into the green zone to finish wave 2 in green. Afterwards, it should develop massive upwards momentum to make it above the resistance at $1.64, which would then augur well for further ascent above the next resistance at $2.46.by MarketIntel226
ADAUSD - Descending Triangle - SHORTADA is approaching the end of a descending triangle that has been forming since May. I opened a short trade with a target of 0.3874. Stop loss will be set at the 50 day moving average. Long term bullish for ADA! Shortby joe_bonz2
ADA DailyBad Bad Triangle, either gown as bounced from support line or up to test higher one What do You think?by P107REKUpdated 220
Cardano 1H Channel Updated (Still Bull)We removed the rising channel on Cardano as it has been broken twice, but the technicals remain the same; bullish. Notice 30-June low on ADAUSD remains intact, that's the main support. As long as Cardano remains trading above this level, the bullish potential remains active. If ADAUSD moves and closes below this level, at that time the potential for lower prices open up. Notice the green and red arrows... These are the main scenarios, "IFs". For us, for trading, it goes like this... (1) Buy and hold. (2) If ADAUSD goes below $0.4350 sell at a loss (tight stop-loss). (3) If ADAUSD stays above this level and grows, collects profits. Patience is key. This is not financial advice. Namaste.Longby AlanSantana3325
Cardano Short-Term Updated (New Bullish Signals)This is an update to the trade idea published 8-June for Cardano (ADAUSD). We have new bullish signals. We have this ascending channel working as a rising consolidation range, what I call bullish consolidation. We have a higher low today, 10-June, compared to 30-June. The higher low candle, a -8 Doji, has the highest volume since 10-June, signaling strong buying pressure. We continue bullish and expect prices to grow based on the data coming from this chart. Namaste.Longby AlanSantanaUpdated 18
ADA/USD Massive descending triangle and breakout of the trend As we can see, ADA has formed a massive downward triangle. The goal of which is to cover the imbalance formed in growth from December 2020 - January 2021.Shortby Nokkkkkturnal113
ADA USDThe idea behind publishing this chart is to check the monthly and weekly resistance by AbdulKamawi0
Cardano (ADA): side trading is still activeSince the middle of June ADA entered into side trading mode. It was the same during the previous week, when the prices were moving in the range between $0.44 and $0.48. It looks like the coin reached its bottom line around $0.4 level and continues to move in this range, as there are no significant buying orders which would push the price higher. At this moment, it is positive that there are no significant selling orders also. Relative Strength Index moved between 45 and 48, reflecting the side trading. There is currently no clear indication that the market is eyeing the overbought market. On a positive side, the moving average of 50 days has slowed down its divergence from its MA200 counterpart, so they are now moving as two parallel lines. Potential for cross is still far away for these indicators. Without significant buying orders for ADA, side trading might continue for another week. On a positive side is that $0.40 is for now a strong bottom line, and charts are not providing an indication that the price might go lower from this level. On the opposite side, there is probability for the $0.50 resistance line to be tested in the coming days. by XBTFX2
Cardano Short-Term Targets MappedWe are looking at Cardano (ADAUSD) short-term to find out the next resistance levels. We can see an ascending channel with prices already trading above MA200 while conquering EMA300. The first target short-term is set at 0.5000 or ~6.5% from the current price. The second target is set at 0.05400 or 15% away from the current price. You can find these targets on the chart. Support/stop-loss can be set below 0.4581 which is equivalent to MA200 (around 2.35% risk). A stronger stop-loss can be used around 0.4438, which is the 5th of July's low. Bitcoin continues bullish and Cardano follows Bitcoin. The charts are always changing... Remember to plan before trading. Thanks a lot for your continued support. Namaste.Longby AlanSantana1118
Cardano's Easy 20%, Fast 40% + Sure 70% (10X Lev Trade Reminder)Cardano is moving ahead and right now we need only focus on the targets since we took care of the chart signals a few weeks ago. We've been bullish; Now it grows. Patience is key. Enjoy the results. Cardano 10X Lev. These type of chart setups are not seen very often... These opportunities are hard to find... We are active with 10X and high potential rewards = high risk. The first target is set around $0.5750 for 20% potential profits. Up to 200% with 10X lev. The second target is set around $0.6850 for 43% or 430% total. Finally, the 70/700% target is the mid-term price jump. There can be more but we aim low, secure our trades and always secure profits on the way up. This is not financial advice. Leveraged trading is ultra-high risk and for experts only. Please do your own research before trading. Always make sure to have a plan in place. Wishing you great wealth and success. Wishing you a strong recovery. Wishing you peace! Namaste. Longby AlanSantana2220
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ADA, Swing Trading Reference, Is It Time To Buy?As shown in the figure, 1. The red area is the resistance band. 2. The green band and the green line are support levels 3. The 30/50/60 MA on the 4-hour chart is forming a golden cross, which is likely to continue higher. 4. The Macd indicator is already above the 0-axis, and it may continue to rise. In conclusion, there is a lot of people waiting to buy at the support level, and the current entry expectation is smaller than the stop loss, I think swing trading is appropriate now. Thoughts from a trader with 10 years of trading experience. If you feel the same way, please give me a like. If you have a different opinion, please leave a message and let me know. Your following, comments and likes will be the motivation for me to continue my analysis.Longby Fncel_Kgd5
Cardano's Bullish Potential Is Growing (25% Target Mapped)My fellow crypto-trader, we are looking at a 20% price jump on Bitcoin (BTCUSD) and up to 25%, short-term on Cardano (ADAUSD)... Let's get started. We have the same chart as before, we updated #3 to expand the low pattern but the technicals remain the same. We are coming out of support with a bullish bias that is becoming stronger everyday. Above the 0.4210 low/support, 18-June, we are strongly bullish... The market takes care of the rest. Namaste.Longby AlanSantana23
Nice time to buy ADAI really think this is a very good price to start buying ADA for the next cycle if I believe in Cardano's growth and future. Of course, "bottom fishing" is risky so we can DCA until BTC Halving 2024.by MrSpasybo115