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ADAUSDT.5S trade ideas

Cardano Eyes $1.10 Breakout; But Leverage Risks LoomBINANCE:ADAUSDT continues to trade inside a textbook ascending triangle on the daily chart, with resistance holding firm at $0.91. A clean breakout above this level could open up targets at $1.01 and $1.10, based on Fibonacci extension levels (0.5 and 0.618). But bulls aren’t out of danger just yet. A worrying drop in exchange outflows—from $40.07M to just $3.56M in under a week—signals fading spot demand. Less ADA is leaving exchanges, hinting at weakening buyer conviction. Leverage is also stacked dangerously. Over $174M in longs on Bitget sit around the $0.83–$0.85 zone. If ADA slips into that range, a long squeeze could cascade, pushing price action violently downward. Support at $0.83 remains critical. A breakdown here invalidates the bullish triangle and may tilt momentum sharply bearish. For now, BINANCE:ADAUSDT holds pattern structure—but the setup looks fragile. A breakout needs real demand behind it to avoid a failed pump and long liquidation spiral. Indicators to Watch: Ascending triangle, Fibonacci 0.5/0.618, Long:Short Ratio, Exchange Netflow
Long
by BeInCrypto
Cardano Maintains Bullish Structure as ADA Targets $1.19Cardano (ADA) continues to display strength on the weekly chart, holding firmly above $0.88 support with consecutive higher highs and higher lows. The structure favors continuation, with $1.19 emerging as the next major resistance. Cardano has established itself as one of the more structurally bullish altcoins in the current cycle, with its weekly chart showing a clear pattern of consecutive higher highs and higher lows. This structure confirms a strong upward trajectory that remains intact despite minor pullbacks. Currently, ADA is retesting the $0.88 support zone, and early price action has shown a bullish reaction from this level. The defense of this region will be key in maintaining momentum for a rotation higher. Key Technical Points: - $0.88 Support: Critical level now being retested, providing the base for continuation. - $1.19 Resistance: Next high-time frame barrier to overcome, likely to attract profit-taking. - Point of Control Cleared: Price action is above the POC, shifting focus to the value area high as next volume resistance. From a technical standpoint, ADA’s positioning above the point of control (POC) is a bullish sign in itself. The POC is often where the largest amount of trading activity has taken place, and regaining it typically reflects renewed buyer strength. With this reclaim, ADA has opened the path to challenge the value area high. If the value area high is exceeded, it would likely trigger a fresh wave of bullish expansion toward the $1.19 resistance level. The importance of the $0.88 support cannot be overstated. Not only does it act as a structural pivot, but it also represents a zone where demand has consistently shown up to absorb supply. As long as ADA can sustain closes above this area on higher time frames, the bullish bias remains valid. Conversely, failure to hold $0.88 could shift focus back to lower levels, but at present, market structure strongly favors continuation upward. Volume analysis also adds weight to the bullish case. Trading activity around the $0.88 region shows healthy accumulation, with buyers actively stepping in during retests. This behavior is typical of strong uptrends, where participants use pullbacks as opportunities to enter rather than exit. The presence of demand at support aligns with the ongoing weekly structure and signals confidence in higher valuations. What to Expect in the Coming Price Action Cardano remains well-positioned for further upside as long as $0.88 holds. The most immediate objective is to reclaim the value area high, which would likely ignite momentum toward $1.19 resistance. Consolidation above support would only strengthen this setup, as it would confirm market acceptance of higher levels. Traders should watch for continuation patterns and volume confirmation, as these will dictate the timing of ADA’s next move higher.
Long
by The_Alchemist_Trader_
2
DeGRAM | ADAUSD is testing the resistance line📊 Technical Analysis ● ADAUSD recently bounced off a rising support line near $0.85, staying within a broader ascending channel. The initial rebound sets sights on the key resistance at $1.02 (formerly a breakout zone). ● A breakout above this $1.02 level would confirm upward momentum and could propel ADA toward $1.10–$1.15, in line with the channel’s upper boundary and prior swing highs. 💡 Fundamental Analysis ● Regulatory clarity under the Clarity Act reclassified ADA as a commodity, boosting institutional confidence. Grayscale's ADA ETF approval odds now sit at 80–83%, backed by $1.2 billion in ADA custodied by major firms. ● ADA futures volume has surged to a five‑month high of $7 billion, and DeFi TVL on Cardano has risen 56% to over $420 million—underscoring growing on‑chain demand. ✨ Summary Bullish above $0.85; breakout above $1.02 targets $1.10 → $1.15. Invalidation triggers if price closes below $0.85. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support
Long
by DeGRAM
1
ADA/USDT : Heavy Pullback Expected Before Major Price Surge📊 Pattern Overview Cardano is shaping a classic contracting triangle on the daily timeframe, with all legs unfolding as 3-wave zigzags, fully compliant with NeoWave rules. • Wave A: $1.33 → $0.51 (zigzag decline) • Wave B: $0.51 → $1.18 (zigzag rally, ~82% retrace of A) • Wave C: $1.18 → $0.52 (zigzag decline, ~99% retrace of B) • Wave D: $0.52 → $0.92 (zigzag rally, ~61% retrace of C, currently in progress) • Wave E: Expected $0.92 → $0.51 (projected zigzag, targeting channel support) This setup aligns with a contracting triangle, with converging trendlines projecting an apex around November 2025. ⸻ 📉 Near-Term Expectation • Wave E is anticipated to pull ADA back toward $0.51 (long-term channel support). • This would complete the triangle and set the stage for a powerful bullish thrust. ⸻ 🚀 Post-Triangle Outlook • A bullish breakout from the triangle could target: • $1.5 (TP1) • $1.8 (TP2) • This aligns with NeoWave projections of a 75–125% thrust of the channel width. • Break of $0.92 (BOS) will be the confirmation trigger for the rally. ⸻ 🎯 Trading Plan • Entry: Wait for pullback to ~$0.51 (Wave E completion) and BOS confirmation. • Targets: $1.5 – $1.8 • Stop Loss: Below $0.45 • Risk Management: 1–2% capital per trade, trail stops above $1.0 once thrust begins. ⸻ ⚠️ Key Levels • Support: $0.51 (channel bottom) • Resistance: $1.0, then $1.5–$1.8 • Invalidation: Break below $0.45 ⸻ ✅ Summary: Patience is key. A final pullback toward $0.51 could be the last shakeout before a major bullish breakout.
Short
by CryptoPilot
21
Cardano's Awakening: ADA's Technical ResurgenceCardano's Awakening: ADA's Technical Resurgence and Year-End Outlook Executive Summary Cardano (ADA) is showing strong signs of a potential breakout after a prolonged consolidation phase. Currently trading at $0.9183, ADA has established a solid foundation with key support at $0.82-$0.85 and is demonstrating increasing momentum indicators. The recent surge from $0.75 to $0.95+ represents a significant 26% gain that appears to be the beginning of a larger move. Our analysis points to a primary target of **$1.20-$1.30** by year-end, with an aggressive bull case scenario of **$1.50-$1.65** if current momentum accelerates. Technical Analysis Price Structure and Key Levels Cardano has completed a multi-month bottoming pattern and recently broke through several critical resistance levels: 1. **Breakout Confirmation**: ADA decisively broke above the $0.85 resistance zone in early August, which had capped price action since April 2024. 2. **Support Conversion**: The previous resistance at $0.82-$0.85 has now flipped to become strong support, with multiple tests confirming this level. 3. **Higher Highs and Higher Lows**: Since July 2024, ADA has established a clear pattern of higher highs and higher lows, confirming a trend reversal from the previous downtrend. 4. **Volume Confirmation**: The breakout above $0.85 was accompanied by significantly higher trading volume, particularly during the surge to $0.95+ in early August. Ichimoku Cloud Analysis The Ichimoku indicators reveal a strongly bullish setup: 1. **Cloud Breakout**: Price has broken above the Kumo (cloud), with the current price ($0.9183) well above both the Senkou Span A and B lines. 2. **TK Cross**: A bullish Tenkan-sen/Kijun-sen cross occurred in late July, signaling strong momentum. 3. **Future Cloud**: The forward-looking cloud has turned bullish (Senkou Span A above Senkou Span B), suggesting continued upward pressure in the coming weeks. 4. **Price-Kijun Relationship**: Price is maintaining position above the Kijun-sen (base line), which is now acting as dynamic support around $0.89. Oscillator Analysis 1. **RSI**: The daily RSI is currently at 56, showing strength without being overbought. This provides room for further upside before exhaustion. 2. **Oscillator SMA**: The oscillator SMA has crossed above the zero line, confirming the shift to bullish momentum. 3. **VFI (Volume Flow Indicator)**: Shows positive money flow into ADA, supporting the price advance. Market Structure Analysis Historical Context Cardano's price action must be viewed within its historical context: 1. **Previous ATH**: ADA's all-time high of $3.10 from September 2021 represents a significant psychological level. 2. **Retracement Level**: Current price at $0.9183 represents approximately 30% of the all-time high, suggesting substantial recovery potential. 3. **Consolidation Period**: ADA spent most of 2023 and early 2024 in a tight range between $0.24-$0.45 before beginning its current uptrend. Comparative Performance When compared to other major cryptocurrencies: 1. **Relative Strength**: While market leaders have shown exceptional strength, ADA is still in earlier stages of its recovery cycle. 2. **Catch-up Potential**: ADA typically lags in market cycles but often experiences more explosive percentage gains when its momentum fully establishes. 3. **Market Rotation**: There are early signs of capital beginning to rotate from leading assets into "second-tier" assets like ADA, which typically occurs in the middle-to-late stages of bull markets. Price Projections and Targets Based on technical analysis, we've established the following price targets: 1. **Primary Target**: $1.20-$1.30 (30-40% upside from current levels) - This represents the 1.618 Fibonacci extension from the July-August move - Aligns with significant historical resistance from April-May 2022 2. **Aggressive Bull Case**: $1.50-$1.65 (65-80% upside from current levels) - This represents the 2.618 Fibonacci extension - Would require continued strength in the broader crypto market 3. **Support Levels**: - Primary support: $0.82-$0.85 (previous resistance turned support) - Secondary support: $0.75-$0.77 (recent consolidation range) Risk Assessment Several factors could impact this outlook: 1. **Bitcoin Correlation**: ADA maintains a high correlation with Bitcoin. A significant BTC correction could temporarily derail ADA's uptrend. 2. **Technical Resistance**: Multiple resistance levels exist between $1.00-$1.20, which could slow momentum. 3. **Market Sentiment**: The broader crypto market sentiment remains a key variable, with regulatory news potentially causing volatility. 4. **Overbought Conditions**: Short-term overbought readings could trigger pullbacks, though these should be viewed as buying opportunities within the larger trend. Trading Strategy For traders looking to capitalize on ADA's potential: 1. **Entry Points**: - Immediate: Partial positions at current levels ($0.9183) - Optimal: Look for pullbacks to the $0.85-$0.88 support zone - Aggressive: Major pullbacks to $0.82 represent strong buying opportunities 2. **Position Management**: - Stop Loss: Below $0.80 (invalidates the current bullish structure) - Take Profit Levels: Partial profits at $1.10, $1.30, and $1.50 3. **Risk Management**: - Limit position size to 3-5% of portfolio - Consider scaling in on dips rather than deploying full positions at once Conclusion Cardano (ADA) is showing compelling technical strength with its recent breakout above key resistance levels. The completion of a multi-month bottoming pattern, coupled with improving momentum indicators and volume confirmation, suggests ADA is in the early stages of a significant uptrend. Our analysis points to a primary target of $1.20-$1.30, with potential for $1.50-$1.65 in an aggressive bull case scenario. The current price of $0.9183 represents an attractive entry point with a favorable risk-reward ratio, especially for investors with a medium-term horizon. Any pullbacks to the $0.82-$0.85 support zone should be viewed as significant buying opportunities within the context of the larger bullish trend. While not yet showing dominant market leadership, ADA appears poised for a period of outperformance as capital potentially rotates into this asset class. The technical foundation is firmly in place for continued upside through the remainder of 2024.
Long
by PHANT0M
ADA MY LOVE ✅ Profitable Trades Counted (Spot Swing): 418% 213% 75% 70% 💰 Approximate Cumulative Gain (Compounded Not Calculated) = 776%+ gain from multiple swing trades 🧠 Your POV (as seen on chart) “NO SL” indicates confidence in ADA’s long-term support zones. trusted strong support accumulation areas (red zone) and rode through volatility. Strong belief in continuation: yellow squiggly lines show an expectation of consolidation followed by breakout above $1. 📢 Note: “There are also multiple futures scalp trades not shown here.” – this shows you are aggressively compounding gains via different strategies. 🧠 My Technical POV on ADA (Bullish Outlook) ✅ Key Observations: Price Recovery from macro bottom zone (~0.25–0.26). Multiple Breakouts from falling trendlines. Clean support-resistance flip around 0.52, 0.64, 0.81 zones. Current price: ~$0.86, holding above mid-term trend support. 🎯 Future Key Levels: Short-Term Targets: 0.89 (breakout level), then 1.1345 Mid-Term Targets: 1.3178, 1.60 Long-Term Potential: 2$ ,3$,5$ if BTC & ETH sustain bullish cycle 📈 Momentum: Consolidation above 0.80 zone would likely trigger another explosive move ADA remains undervalued compared to its 2021 ATH, making it a high R/R swing opportunity
Long
by TuffyBro
1
ADA/USDT – Liquidity Sweep & Reversal Setup ADA/USDT – Liquidity Sweep & Reversal Setup (15m TF) Price recently swept liquidity below the prior low, triggering a manipulation trap. After the liquidity grab, bullish momentum started forming, confirming rejection from the demand zone. Entry: Taken after the liquidity sweep confirmation. Stop-loss: Placed below the manipulation low to protect against deeper downside. Target: 0.9430 resistance zone (major supply level). This setup is based on liquidity sweep, manipulation trap, and demand zone reaction, expecting a move back to the upside. Risk management is key – waiting for structure confirmation before continuation.
Long
by Jamtara_Trader
2
Cardano Update · All Perfect, Straight Up!Cardano is super bullish right now. Just one day red and the next day green while trading above support. The rise is an ongoing phenomena. Cardano has been rising since 22 June. We know there has been lots of consolidation after the 3-February low. Some challenge of resistance, some tests of support. The bulls once more gained the upper hand. ADAUSDT is showing the highest volume 14-August since March. The highest prices since March as well have been activated again. Resistance was found at $1.01 and notice that this is the 0.618 Fib. extension number for our next wave. This confirms the numbers are good and this reveals the next target to be $1.83. Just as we had a stop at $1.01, we will have a stop at $1.83. This is a major level but these are only short-term to mid-term targets, you know we are going high long-term. Ok. I wanted to show you the daily and what is happening now. The truth is that everything is fine. The market conditions solid. ADAUSDT is moving forward. This chart shows a classic bullish impulse unfolding. The candles are likely to continue pushing higher, always putting pressure on resistance and breaking it, then higher with swings as well. Retraces just like late July. Hopefully only one correction. Cardano is trading above all moving averages. The RSI is very strong. The MACD looks great. We will see more growth, additional growth, long-term. It is already happening and it will continue to happen. Namaste.
Long
by MasterAnanda
5
See if the price can hold above 0.8289-0.8836 Hello, fellow traders! Follow us to get the latest information quickly. Have a great day. ------------------------------------- (ADAUSDT 1D chart) From a trend perspective, the key is whether the price can hold by breaking above the first and second trend lines. If the upward movement fails, we should check for support around 0.8289-0.8836. Therefore, we should check whether the price remains above 0.8289-0.8836 after August 31st, which is ADA's volatile period. - (1W chart) To continue the cascading upward trend, the price must rise above 1.1936-1.3678 and remain there. If it surges, it could rise to around 2.1150. Since the volatile period on the 1W chart occurred around the week of November 10th, a downtrend is likely thereafter. This is because a major bear market is expected to begin in 2026. Therefore, if the HA-High indicator falls below 0.8836, you should stop trading and assess the situation. - Thank you for reading to the end. I wish you successful trading. -------------------------------------------------- - Here's an explanation of the big picture. (3-year bull market, 1-year bear market pattern) I will explain more in detail when the bear market begins. ------------------------------------------------------
by readCrypto
ADA After Channel Breakout — What’s Next?ADA has broken out of a downtrend channel and signals the start of a new trend. The breakout also came with higher volume that shows us that buyers are full of power. The 3rd Elliot wave looks complete to me, so I'm expecting the market may correct into wave 4 before the next impulse up. Scenarios: Bullish: Price holds above 0.82-0.85 support Next targets are 1.11 and 1.20-1.25 later Bearish/correction: If 0.85 fails, price may fall to 0.72-0.75 RSI hints a correction, but the buy volume supports bulls Key levels: Support: 0.85 Resistance: 1.11 Target: 1.25 Disclaimer: The author’s opinion may not align with yours.
by traderbuntrading
4