ADAUSDT.5L trade ideas
ADAUSDT coming down for another buy oppportunityas can be seen, the coin has just completed the price projection of a bullish flag pattern and after that, with a bearish divergence the price is coming downwards there we can find our trade for buy once it touches the trendline because it is respecting that quite nicely
ADA | ALTCOINS | Altseason Approaches AN ENDA quick look into Cardano after a near 330% increase, there seems to be room for further growth.
Key Fibonacci levels are a great watchpoints, especially the 618's.
Two other coins that pumped recently :
Just remember that after the pump, comes the DUMP. Almost every time .
Here's my thoughts on the BTC ATH being in:
Cardano (ADA): what's after 25% weekly growth?While ADA's upward momentum has sparked optimism among investors, it has also led to profit-taking, with many viewing the current levels as an opportunity to sell.
Smaller holders of ADA have been actively selling in recent weeks. Data indicates that wallets holding between 100 and 10,000 ADA have offloaded more than 72 million ADA worth over $92 million. This selling trend has persisted for over a month, highlighting ongoing profit-taking among retail investors.
Although the volume of sales by smaller holders is significant, it is not as impactful as the larger transactions made by whales.
On the chart, ADA approaches crucial resistance levels. Many are watching whether this rally can be sustained, especially with the psychological $1.30 threshold in play.
For Cardano to maintain its upward trajectory, it needs to flip the $1.30 resistance into support. If it can successfully hold above this level, the rally may continue. However, a failure to do so could lead to a pullback to the $1.01 support, erasing recent gains and potentially signaling the end of the bullish momentum.
If Cardano manages to hold $1.30 as support, the next target could be $1.50. A move above this level would further strengthen the bullish outlook, confirming that the current rally has legs. Such a scenario would invalidate the bearish thesis and signal continued growth, making $1.50 the next major resistance level.
The last bullish chance of ADA in Short term!Cardano managed to break two ascending patterns a few hours ago, as you can see in the chart. Now, the price can drop to within the triangle to liquidate traders' positions, and I have identified the support point. However, it should not be forgotten that the price can easily go up to $1.23.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NOTHING !!As long as the wedge is not broken, it cannot be said that the price is going down, and this is what scares me. So, as long as the wedge is not broken, the price can remain bullish.
previous analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Cardano: Additional Growth Is PossibleLast month ADAUSDT (Cardano) broke a consolidation range that was active for 915 days, since May 2022. This breakout month, November 2024, produced the highest bullish volume ever.
Based on a bull-marketwide perspective, ADAUSDT is coming out of a bottom. This is only the beginning, there is plenty of room available for growth.
This chart is not intended to show new All-Time High potential nor how far up Cardano will go in 2025, but rather, the intention is to show short-term action based on a long-term chart.
The main support sits at 0.8875, this is the resistance level that was conquered with last month's bullish breakout. With this breakout, ADAUSDT hit its highest level since May 2022.
As long as ADAUSDT trades above 0.8875 we are super-bullish and can see additional growth, immediately. If it moves below this level, the chart continues super strong above 0.6330.
As soon as ADAUSDT moves above 1.30, we can expect $2 to come next. It all depends on December, now... Where will it go? How will it move?
The chart is saying up and points towards additional growth. The month is young, the month is long. Allow some time for this pair to recharge only to see it grow.
No doubt we are bullish, expect to see higher prices next.
Cardano is going up.
Thank you for reading.
Namaste.
Cardano ADA Will Outperform Cryptocurrency MarketHello, Skyrexians!
Yesterday we considered the Bitcoin analysis where concluded that the potential growth is not going to be insane, bull market will be finished soon. At the same time on the BINANCE:ADAUSDT weekly chart we can see that price is charged for the flight.
Let's notice, that Cardano has the specific bear market structure, where the corrective wave C has been finished in October 2023. Growth from the bottom was impulsive, so it could not be the wave B, in our opinion it's wave 1 of the new bull market. Since March 2024 most of crypto assets continued the bear market, but drop on ADA was not so big. It means that wave 2 has been formed already.
Look at the green dot on the Bullish/Bearish Reversal Bars Indicator . This is strong bullish signal that this correction is likely to be finished, in conjunction with Elliott waves analysis we can see that the impulsive wave 3 is about to happen soon! Targets can be calculated using Fibonacci Extension. 1.61 and 2.61 corresponds to the area between $1.2 and $1.77. Note that this zone is not likely going to be the end of bull run. This is just wave 3 in this rally. Finally, we expect the new ATH for ADA in 2025.
Best regards,
Skyrexio Team
ADA Update Dec. 02, 2024Based on the past two posts a few more indications of important supports/resistances to look out for.
grey lines: upper one is VAH (value area high) which functions as an important support. it seems that the trendline was kinda touched (sometimes it's more of an area, not an exact point) and goes for another attempt.
now, I've charted the fib extension levels (long lines) from this years previous high before the parabolic move up past month. from that we get a 161.8 and 261.8 fib extension level as possible resistances to have in mind.
doing the same for the recent higher high to the recent higher low, the current 161.8 sits at around 1.32 above the high volume area in which ada has it's current resistance to break. if it attempts it and successfully (possibly) retests the resistance as support, the next line would be 1.32 (161.8 short) and then 261.8 above (longer one) which sits at around 1.67$ , but I expect it retouching the 4h trendline again inbetween or at least in the next weeks going further.
we already saw an attempt higher, next level would be the outer line of the high volume zone (1.25 $) and above as stated.
I just wanted to post this as a separate one in order to show the levels directly in the charts
hope that helps.