Fundamental Analysis: Cardano seems to be working in a cyclical manner, where it has a bull run for a year, then a bear run for a year. Every bitcoin halving year is when the bull run happens. We had the bitcoin halving in 2020, and we will have another halving in April 2024 making me believe that we are in a bull market.
Technical Analysis: The Stochastics RSI...
Wat i think will happen to ADAusd. This analysis is based on the previous ADA bull run. I also see us being in the SOS phase on the wyckoff accumulation pattern.
This Month FORECAST
Opportunity for ADAUSD. This setup trading idea is for SWING. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Resistance Challenge: ADA is currently in a tug-of-war with its falling channel's resistance, hinting at a possible breakout struggle.
Reversal to $0.50: A recent pullback from the channel's upper boundary has nudged ADA back to the pivotal $0.50 level, signaling a decisive moment for its next move.
Bull Run Potential: A successful channel escape could propel ADA...
ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation
ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle...
ADA will create the right shoulder of a bigger H&S on higher timeframes and will reach 14-25$ in wave 3.
And it will top out probably on a Monday... ;)
-In this EW count ADA is currently in a high time frame 5wave impulsive structure.
-ADA has just put in its W4 at the log 0.382.
-Price is now attempting to put in a W5 before ultimately, we have a bigger W2 correction.
-Currently looking for W5 to take out $0.70.
-Expecting W5 to top out around $0.73 as this is the 1-1 extension from W1.
-Could see an...
the correction in ADA/USD has completed a 5 wave structure to the downside, the start of a zig-zag pattern
it is followed by what appears to be an expanded flat
based on Elliott wave theory, there will be 5 more waves to the downside
there is a high risk of capitulation given current sentiment
most likely region of support is the 0.10-0.13 region
ADA is still moving under a descending trend still not showing any form of bullish attempt to breakout or above trend as you can see in my Daily Timeframe (Green line) and Hourly Timeframes (Ash Line), so I'm still bearish for now.
Although would wait for price to test the Hourly Timeframe and see how price reacts at that level and change if need be, but I'm...
#ADA #Cardano at 0.45-0.47 (50% #fibonacci retrace) just down to retest upper bound of #Wyckoff accumulation-zone at a moment, it has a potential to rebound up higher, depends on #BTC . If BTC is dump hard, next support zone could be at POC volume profile level, at 0.38 USD.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ADA.X advanced for three days, in 269 of 441 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
BINANCE:ADAUSDT
Price Prediction Chart
Technical Analysis...
Bullish Reversal in Falling Wedge: ADA exhibits a bullish reversal within a falling wedge pattern, hinting at a potential uptrend.
7% Overnight Surge: Cardano's impressive 7% overnight jump leads to a bullish engulfing candle formation, signifying strong buying interest.
Breakout Potential: If ADA successfully breaches the overhead trendline, it could reclaim the...
Supporting the bull flag:
Price action: Following a strong upward move, ADA consolidated within a relatively defined channel, resembling a flag formation.
Flagpole height: Based on the flagpole (vertical distance of the initial breakout), a potential target around $0.80-$0.85 could be envisioned if the pattern breaks upwards.
Increased volume: A breakout...
ADA closed the large bull gap from our previous analysis and found support at the large bull candle open. We did not get a higher high and Bitcoin is showing signs of a pullback. Should we short here?
How do we trade this? 🤔
We should not short ADA on the Daily timeframe. The time to short was after the double top reversal near the $0.60 price range, we're too...
