Cardano (ADA) is one of my favourite coins which I choose to invest in. This is trade (investment) setup on larger timeframe. If you never bought ADA before it is still not late. I am not looking to reach targets 2,3,4 very soon, that could be year(s). I will sell most of my capital on targets 2,3. Small portion will be sold on Target 1 and hopefully on Target...
The psychology of market cycles says it's likely.
*$1.6 is the level where the trend line was broken and the main downtrend was entered in 2021, which makes it an important level.
*It is possible that it will no longer go below 45c.
*If the price does not delay, $1.6 will be reached in the summer
The ADA chart showing that some positive move currently it breaks the symmetric triangle.It indicates upword momentum.In this chart the $0.56 level showing the big resistance level.
Last time, I believed with considerable certainty that Cardano would go up, but the very strong support it had formed broke down and we got more evidence of a fall.
Now, considering the favorable conditions of the market and the recently formed support line, I expect it to move upwards and touch the specified targets.
It is possible to make a good profit from...
Trade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern....
Looking at the global #ADAUSDT chart
One question arises :
- Did the ABC correction already end in April at $0.40 in 🟥the red scenario?
- Or is there another dive down to the $0.30-0.34 area according to🟦the blue scenario?
The critical level from below is $0.40
The critical level from above is $0.50
Fixing the CRYPTOCAP:ADA price below or above the...
As of now ADA move is so confusing it's because of the ranging price action ; however the wave B of this coin is not yet done we are expecting to go upward and will hit our wave B target
📊Analysis by AhmadArz:
🔍Entry:0.426
🛑Stop Loss: 0.391
🎯Take Profit: 0.461 - 0.497
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Hey traders! ADA is at a crossroads, and the stakes have never been higher!
Currently hovering near the $0.3349 support level, ADA is on the brink of a potential breakout or breakdown.
A triumphant surge above $0.4477 could pave the way for a bullish rally towards $0.5434 and beyond! But beware, a slip below $0.3349 might trigger a bearish descent towards $0.2800.
Upon reviewing the ADA/USDT daily chart, several critical technical indicators and levels emerge, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Cardano (ADA) has faced significant volatility, with the current price at approximately 0.4668 USD. The price is currently attempting to recover from its recent...
Currently, ADA is correcting in a downtrend channel; wave (4). Keep an eye for the channel's upper line break; if successful, a pullback will probably follow. Also, buying volume is crucial too, so don't forget to check.
🕵️♂️ Let's dive into the analysis of Cardano, a well-known cryptocurrency, and explore its trading potential.
🗓️ In previous analysis, it was mentioned that after breaking the support line at 0.5651, you could open short positions and hold them for a long time.
⏳ However, what happened after this analysis was that Cardano experienced about a 30% decline and...
Cardano (#ADA) has grabbed the liquidity of major structure's low in the daily time frame and this means that ADA can start growing from this area to the top of the daily major structure at the price of 0.8104 .
If price can close below the 0.3994 then, this analyse will be faild and then we could see more price drop.
This is my personal oponion, and its not...
![ADAUSDT.PS: ADA [ SHORT TERM BULLISH MOMENTU]](https://s3.tradingview.com/e/eKjQ9Z6L_mid.png "ADA [ SHORT TERM BULLISH MOMENTU]")
