Anyone up for this possible pain scenario? In my view this could easily be in play and actually be healthy for the next uptrend. Just my 2cents ;)by mikezago61
ADA ☀️ 24-Hour Outlook; Bullish Short-Term Trend Cloudy, slightly bearish skies ☁️ linger over the global crypto market in the next 24 hours. A couple of altcoins, like Cardano, Chainlink, and Uniswap may benefit from sunnier, slightly bullish trading conditions, ATTMO's forecasts show. ☀️ Over a one-week horizon, trading conditions become mixed with sunshine returning to parts of the crypto sphere. Bitcoin, Litecoin, Cardano, and Chainlink have potential upsides, while cloudy ☁️ or even rainy, bearish trading conditions will prevail over altcoins like Avalanche, Binance, XRP, and Polkadot. Follow us for more crypto weather reports! by ATTMO2
Trend-Following vs Counter-TrendTrading in the cryptocurrency market can be an exciting and potentially profitable venture. However, it is essential to approach trading with a clear understanding of the risks involved and the potential rewards. One important concept that traders must grasp is the risk reward ratio. This ratio compares the potential profit from a trade to the potential loss, providing a measure of the risk associated with a particular trading strategy. The risk reward ratio is calculated by dividing the potential profit by the potential loss. For example, if a trade has the potential to yield a profit of $200 and a potential loss of $50, the risk reward ratio would be 4:1. This means that for every $1 at risk, there is the potential to gain $4. Traders often use the risk reward ratio as a tool to evaluate the viability of a trading strategy and to make informed decisions about which trades to enter. Understanding trend-following trading strategies Trend-following trading strategies are based on the idea that the price of an asset tends to move in a specific direction for an extended period of time. Traders who employ trend-following strategies aim to identify and capitalize on these trends by buying when the price is rising and selling when the price is falling. This strategy assumes that the trend will continue and that profits can be made by riding the trend until it reverses. One of the key advantages of trend-following strategies is that they can be relatively simple to implement. Traders can use technical indicators, such as moving averages or trend lines, to identify trends and generate buy or sell signals. This simplicity can make trend-following strategies appealing to both novice and experienced traders. However, trend-following strategies also have their drawbacks. One of the main challenges is identifying the start and end of a trend. Trends can be volatile and subject to sudden reversals, leading to potential losses if the trader enters or exits a trade at the wrong time. Additionally, trend-following strategies may result in missed opportunities if the trader is unable to quickly react to changing market conditions. Pros and cons of trend-following strategies Trend-following strategies have several advantages that make them attractive to traders. One of the key benefits is the potential for significant profits. By riding a trend, traders can capture a substantial portion of the price movement and generate substantial returns. Additionally, trend-following strategies can be relatively easy to implement, requiring only basic technical analysis skills. However, trend-following strategies also come with their fair share of disadvantages. One major drawback is the potential for missed opportunities. Trends can be unpredictable, and a trader may enter a trade too late or exit too early, resulting in missed profits or unnecessary losses. Another challenge is the increased risk of drawdowns during periods of market consolidation or when trends reverse. Traders must be prepared to manage these risks and adjust their strategies accordingly. Analyzing the risk reward ratio in trend-following strategies When analyzing the risk reward ratio in trend-following strategies, it is essential to consider several factors. First, traders must determine the potential profit from a trade by identifying the target price or the expected price movement based on the trend. This can be done by using technical analysis tools or by setting specific profit targets. Next, traders must assess the potential loss by setting a stop-loss order. This order automatically closes the trade if the price moves against the trader's position, limiting the potential loss. The stop-loss order should be placed at a level that reflects the trader's risk tolerance and the volatility of the market. By comparing the potential profit and the potential loss, traders can calculate the risk reward ratio. A higher risk reward ratio indicates a potentially more profitable trade, as the potential gain outweighs the potential loss. However, it is important to note that a higher risk reward ratio also implies a higher level of risk, as the potential loss is larger. Understanding counter-trend trading strategies In contrast to trend-following strategies, counter-trend trading strategies aim to capitalize on price reversals. Traders who employ counter-trend strategies look for opportunities to buy when the price is falling and sell when the price is rising. This approach assumes that the price will reverse direction and that profits can be made by entering trades against the prevailing trend. Counter-trend strategies can be more challenging to implement compared to trend-following strategies. Traders must be able to identify potential reversals and accurately time their entries and exits. This requires a deep understanding of market dynamics and the ability to interpret price action and technical indicators effectively. Pros and cons of counter-trend strategies Counter-trend strategies offer several advantages that may appeal to traders. One of the main benefits is the potential for high-profit opportunities. By entering trades against the prevailing trend, traders can capture significant price movements and generate substantial returns. Additionally, counter-trend strategies can be particularly effective in choppy or sideways markets, where trends may be less pronounced. However, counter-trend strategies also come with their own set of challenges. One major drawback is the potential for false signals and whipsaws. Price reversals can be short-lived and quickly revert back to the prevailing trend, resulting in potential losses if the trader enters trades prematurely. Another challenge is the increased level of complexity involved in implementing counter-trend strategies. Traders must have a deep understanding of market dynamics and the ability to interpret price action accurately. Analyzing the risk reward ratio in counter-trend strategies Analyzing the risk reward ratio in counter-trend strategies requires careful consideration of the potential profit and potential loss. Traders must identify potential reversal points and determine the target price or expected price movement based on the counter-trend. This can be done using technical analysis tools or by identifying key support and resistance levels. Similarly, traders must set a stop-loss order to limit potential losses if the price continues to move against their position. The stop-loss order should be placed at a level that reflects the trader's risk tolerance and the volatility of the market. By comparing the potential profit and the potential loss, traders can calculate the risk reward ratio. A higher risk reward ratio suggests a potentially more profitable trade, as the potential gain outweighs the potential loss. However, traders must also consider the higher level of risk associated with counter-trend strategies, as the potential loss is larger. Comparing risk reward ratios in trend-following and counter-trend strategies When comparing the risk reward ratios in trend-following and counter-trend strategies, it is important to consider the strengths and weaknesses of each approach. Trend-following strategies typically have a higher success rate, as they align with the prevailing market direction. This can result in a higher number of winning trades and a more favorable risk reward ratio. On the other hand, counter-trend strategies may have a lower success rate but offer the potential for larger profits. By entering trades against the prevailing trend, traders can capture significant price movements and generate substantial returns. However, the risk reward ratio may be less favorable due to the potential for larger losses if the price continues to move against the trader's position. Ultimately, the choice between trend-following and counter-trend strategies depends on the trader's risk tolerance, trading style, and market conditions. It is important to carefully evaluate the risk reward ratio of each strategy and consider other factors such as market volatility, timeframes, and personal preferences. Factors to consider when choosing a trading strategy When choosing a trading strategy, it is important to consider several factors beyond the risk reward ratio. Here are some key factors to keep in mind: Market conditions: Different strategies may perform better in different market conditions. Consider the current market trend, volatility, and liquidity when selecting a strategy. Risk tolerance: Assess your risk tolerance and choose a strategy that aligns with your comfort level. Some strategies may involve higher levels of risk and potential drawdowns. Time commitment: Different strategies may require varying levels of time commitment. Consider your availability and lifestyle when choosing a strategy. Trading style: Determine whether you prefer short-term or long-term trading, as this will influence your choice of strategy. By carefully evaluating these factors and considering the risk reward ratio, traders can select a strategy that aligns with their individual goals and preferences. Analyzing the risk reward ratio is a crucial step in evaluating the viability of a trading strategy. Both trend-following and counter-trend strategies have their own set of pros and cons, and traders must carefully consider the risk reward ratio associated with each approach. By understanding the potential profit and potential loss, traders can make informed decisions and manage their risk effectively. Additionally, it is important to consider other factors such as market conditions, risk tolerance, and personal preferences when choosing a trading strategy. By taking a comprehensive approach, traders can increase their chances of success in the dynamic and ever-evolving cryptocurrency market. Follow and Boost for your financial success ! Write your thoughts in the comment section. by Wealthy_Stats5
ADA Also Looking BullishMomentum on the daily appears to be rolling to upside on many crypto assets and ADA is looking to be the same. Price has filled in a large portion of a previous wick down in a long tedious down trend that appears to be forming a double bottom with bullish divergence on the daily momentum oscillator. Current trading plan is a long entry with a wide stop loss of 4-5%. First target will be 1/3 retrace of the last swing 14% higher at .278 Second target will be a 50% retrace of the last swing 25% higher at .3 A longer hold would be to the point of control on the volume profile 55% higher at .38Longby Degen-Dynasty4
NOTHING IS TOO CHEAP NOR TOO EXPENSIVEREMEMBER NOTHING IS TOO CHEAP NOR EXPENSIVE if they tell you that just block them I am showing you the right path where to buy most important levels MR.WeOOOOby iamweoUpdated 449
ADA USDT PERP Hello Trader OKX:ADAUSDT.P this area could potentially be a double bottom pattern. entry 0.23739 - 0.23902 stoploss 0.23235 How come there are 2 entry points? Yes because the possibility of the lowest entry point not reachable so the entry area is 2 so it can be scalped. oiya this is for swing yes because using a 4-hour chart Please add a comment and Positive feedback and constructive criticism are important to authors and the community. Disclamer: Not Financial AdviceLongby mfiqrihanafi5
ADA 🟢LONG 26% in 30 DAYSWe're in a falling wedge. Time to grab liquidity🤑 and profit. The same setup as for the IMX, have a look at my profile🙂Longby paulozhh5
Will "cardano boom to the moon" from here Taking rejection from 0.5 on 6M, 3M and 1M on Fibonacci. A small risk after looking at Bitcoin's can give huge rewards. If Bitcoin will be bullish, ADA will be rocket to the moon.... 🚀Longby SigmaRule_6
ADAUSDT LongCardano buy signal on H1 chart, Demand zone is strong enough to move price to the supply area, 0.2640 is our target... Longby ilia.gobadze0
Cardano broke 0.25 support levelHi guys, let's look at the current situaition on Cardano. Cardano broke 0.25 support level thanks to recent Bitcoin drop to 25k. Cardano is showing its weakness again and I don't expect that it will rise somewhat significant. Considering some correction on Bitcoin it's epected that Cardano price will also rise a bit but not much. After drop on Bitcoin its price recovered and again trading above 26k but Cardano didn't manage to go back above 0.25 level. This shows weakness on Cardano and willingness to fall further at least up to 0.2 level. Lets see how far Cardano can drop, write your thoughts in comments below. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.by Real_CryptoRoyUpdated 9947
ADAUSDT LongCardano Bullish signal, 0.2513 was strong resistance, now it become support. SL level 0.2440, target is 0.2650 level... Longby ilia.gobadze1
✴️ Cardano | Full Updated View | Think Long-Term, Easy Win!It's been a while since we looked at Cardano, and you know I give the truth of what I see regardless if it is good or bad... I just share the meaning of the codes coming from the charts. The current action is weak, as we have low volume on this daily ADAUSDT chart but, the potential is bullish as prices moved and closed daily above EMA10. It is a mixed situation but we know how these things work. 👉 Bullish above support. 👉 Bearish below support. Many Altcoins are breaking bullish now after hitting a higher low in Aug/Sep vs June, this is true for ADAUSDT (Cardano), right now prices are trading much higher compared to the low hit a few months back. Now, the current price is trading clearly above the low hit December 2022, as long as Cardano trades above this support we are bullish, bearish below. So we can say we have mixed signals as the RSI is still below 50 and MACD below zero yet bullish potential as we trade above support. Patience is key. The market will take care of the rest. There is potential for another sudden shakeout, but even this shakeout implies bullish potential because only before a major move a shakeout takes place. If no shakeout, then what is needed only is for the early bullish signals present now to develop as it is happening with other smaller capitalized Altcoins that are moving ahead. Remember, Cardano is trading at multi-year lows... Once we hit bottom, the only place left to go is up. In the worst case scenario, buy and hold... Think long-term! It is hard to go wrong buying bullish after we hit a multi-year long low. Namaste.Longby AlanSantana4425
After compression phase then a big moveDaily Chart Cardano is trading in huge range Now, it's trading at 0.254x and moving to Apex Zone of Triangle Pattern BINANCE:ADAUSDT is creating a bullish structure going up to resistance at 0.26 If Cardano can break this level, I expect it will bring at least 7% profit around 0.28 Wait for next moveLongby trieutv3
Cardano Diagonal and Oval Support/Resistance for MacroHi Everyone! Decided to create a chart for Cardano (ADA) setup specifically for Potential "key" support and resistance levels/points for both diagonal ascending and for oval. It may be hard for you to tell; some of the "oval" support/resistance points are adjusted to the "wick" of a candle. Some are adjusted to the "close" and/or "open" of a candle. Each candle in this chart represents a period of one week (1-Week). More updates will be provided over the course of the bull period. Especially, once it's quite obvious the bull trend is at the beginning of taking over. Meaning, demand is finally much stronger than supply. The chart below is a screenshot of the chart above in order to allow one to view it as I see it. Which is different from the interactive chart above: More updates on specific time frames and indicators for those time frames are coming soon; as well as all the way to our Buying Climax potentially in late 2025. Happy Investing and Stay Awesome! Davidby WyckoffMode4457
ADAUSDT Elliott Waves Analysis (LONGTERM)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry zone: ~0.2 Targets: 0.35 - 0.5 - 0.7 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestionsLongby trytofeelpositive11