We have a falling wedge formation on the #ADA daily chart. Currently, it is facing horizontal resistance of $0.4964 and MA200. You can buy it here or wait for a clean breakout and then enter to this coin. In case of a dip, place a buy order on the support zone too. By the way, targets are:
$0.5564
$0.6049
$0.6534
$0.7224
$0.8104
The support zone is around $0.3994...
Recently, the price of ADA has found support at a crucial level and there are signs of a forming bullish pattern. Additionally, previous support levels are now acting as resistance. There is a possibility that a new upward channel is forming, but overall, the current market trend remains bearish.
Trade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Swing Traders: That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57.
Trend :...
The treasury of Cardano, a decentralized blockchain platform, currently holds a value of $1.5 billion, reflecting a growing confidence and support for the Cardano ( CRYPTOCAP:ADA ) ecosystem. This accumulation of funds is noteworthy due to the upcoming shift in decision-making authority regarding the use of these treasury funds. Unlike traditional centralized...
Following a sustained period of bullish rallies in the cryptocurrency market, we are currently witnessing significant corrections. It is anticipated that prices may decline further. At present, the market is consolidating. However, we anticipate a minor correction over the weekend to fill the existing liquidity gap. Once the price reaches our target zone, we...
Trade setup : Price is in downtrend, trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either...
📊Analysis by AhmadArz:
🔍Entry:0.426
🛑Stop Loss: 0.391
🎯Take Profit: 0.461 - 0.497
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💎 The recent market dynamics surrounding #ADA have indeed been quite notable. Currently, ADA is positioned on the support area.
💎 Historically, when ADA has touched this support area, it has exhibited significant upward movement. Therefore, there's potential for ADA to replicate this pattern by bouncing off the support and resuming its upward trajectory,...
Trade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Price is also oversold (RSI < 30) and could bounce up near-term. Swing Traders: That support zone could be robust and a potential swing trade...
Cardano is showing some decent movement to the upper zones upon the new weekly opening.
Although we see a recovery, we are looking overall for further drops to happen here, as we had a clean breakdown of the trend and also 200EMA (which were broken without any struggle).
So we look forward to DCA-ing this one!
Swallow Team
🔔 BUY Signal Alert! 🔔
🔗 Ticker: ADA / USDT
🌐 Market: Crypto
🔄 Side: Long
⏱️ Type: Swing Trade
🎯 Entry: 0.4557
🛑 Stop Loss: 0.425
🥇 First Profit Target: 0.496
🏆 Final Profit Target: 0.5128
The CHAMLEO FORGE model is managed by experienced traders to identify potential movers for each day.
The signal provides a suggested stop loss price based on calculations that...
In 2 D chart ada looks bearish as consolidation of the H&S pattern.
Price now trading below 50Ema which confluence with 0.5 Fibonacci resistance...that's a pure bearish sign ...we expect 20% bearish wave from here.
Thank u and for more ideas hit "like" , "follow"!🎯
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:ADAUSDT went straight down, breaking through the support level. It broke and closed below the key level at 0.50. This opens the door to lower levels. I think the market might move down to retest the recent support level. If the market makes a retracement toward resistance around the...
Fib 0.618 support is holding at $0.45 for the moment.
If it holds price should bounce to the $0.5236 target
If that support level breaks down, then we will be heading to the buy zone.
hi traders
ADAUSDT looks ugly
Head and shoulders formed and looks like it's ready for a break down.
Enter short once the price breaks the neckline.
Target: 0,40 - 0,39 $
Good luck
hi Traders,
Today we published ADAUST 1h time frame analysis:
Mid-term it may get ugly too.
ADAUSDT on the weekly time frame dosesn't looks good either.
The price is approaching 0,236 fib level so we may get a temporary bounce but overall the trend is bearish now.
If you want to buy for the next swing trade, accummulate longs at the buy zone shown on the chart...
![ADAUSDT: [ADAUSDT] - bearish wave incoming](https://s3.tradingview.com/e/ek5G9GAV_mid.png "[ADAUSDT] - bearish wave incoming")
