ADA Daily Chart Analysis - Long Target $0.62, Short Target $0.26NOT FINANCIAL ADVICE TL;DR Bear Pennant / symmetrical triangle, No Trade Zone, wait for breakout. Long target is $0.62, short target is $0.26 BITGET:ADAUSDT has been trading in a symmetrical triangle (potential Bear Pennant) since April 13th. For me it's a No Trade Zone now, a breakout is needed to determine the direction of the next trend Fairly respected fibonacci retracement levels highlight potential areas of interest Disclaimer: The targets will change if a breakout does not happen soon, as they need to be measured starting from the breakout point 🟢 Bull Case The target of a breakout from the resistance trendline 🟠 is $0.62, which is also where the breakout that led to the last leg down happened Watch $0.58 (0.718 fib) as it is a previous key area and a High Volume Node which could offer some resistance 🔴 Bear Case The Pennant target for a break below the support trendline 🔵 is $0.26, which is a previous key area and inverted 1.618 fib of the last leg down by AliferCrypto1
ADAUSDT Short Term Roadmap 28-MayHello my friends Cardano is getting squeezed to start a new move up. The red lines indicate the range of the daily price range According to the chart, I am looking for a suitable setup for a long position in the specified range The confirmation will be done in 15 minutes This post will be updated, please let me know what you think about itLongby SDQ_Crypto115
ada dollar cost averagecardono to the upside. played off the 886 zone. we are looking for buys since its alt season.Longby Picassalbd4
ADA long setupHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank YouLongby behdark221
my predictionthis is not trade advisment. I hope cordana will be 2.48 dollars and then 1 dolar, and then 10 dolars.by xwertx82335
Keep an eye on #ADA/USDT Diagonal Trendline and FVG in 4-Hour TFKeep an eye on #ADA/USDT Diagonal Trendline and FVG in 4-Hour TF! Wait for a successful retest to open a long position. There is a bullish order block below the FVG so another confluence for bullish momentum.Longby TraderAAG3
ADAUSDT - Possible breakout of resistence on 1h TFIf we close bullish candle above resistance, then successfully rest our resistend we can expect higher bullish movement, who can give us good opportunity to long position with reasonable RRR. But for this idea we need wait little bit for multiple confirmations as mentioned.Longby FRANTISEKJURISoEUUpdated 0
ADAUSDT-Cardano buy and sell level Cardano wave path with buy and sell levels. short time bearish and long term so bullishLongby Daoud4Daoud3
Opened ADA UP position at 0.482 price with 5x leverage Hi everyone, In last 3 days ADA price increased on over 10% and I think that it's just a beginning. I just opened ADA UP position at 0.482 price with 5x leverage on Fybit trading platform. First target is 0.52, Second target is 0.62, Stop loss at 0.42 This is a high risk trade but potential reward is worth it. Please, do not forget to boost this idea & share it with your friends; thanks.Longby Real_CryptoRoyUpdated 121245
ADAUSDTUpdated my CRYPTOCAP:ADA plan I think this one is actually better. One before doesn't take enough profits early enough. This strategy isn't as conservative as it seems. Your balance is reducing every time you sell so it's like reducing balance method for depreciation in accounting.Longby PistolPeteno15
ADAUSDT1. Scale out profit taking plan for ADA. 2. I am well aware there is a chance ADA may not reach ATH high again. 3. However it is important have pre-defined profit taking strategies on the way up. 4. Can always adjust as we approach overall cycle highs. Longby PistolPeteno13
ADA (Cardano)Cardano is trying to find it's last bottom before the journey to the new all time high starts.Longby MohamedSewid5
ADAUSDT1. I think 67 cents is now on the cards for ADA soon. 2. We have looked good since breaking that horizontal resistance and we are in a good buy zone. 3. Nice buy order block here where we had previous strength back in December 2023 where ADA almost did a 2x.Longby PistolPeteno1111
Technical Analysis of ADA/USDT Chart (Cardano/Tether) Key Levels in the Chart: 1. **Support Area (Green Zone):** - This zone is near the $0.30 level and acts as a strong support. The price has reacted to this area several times. 2. **Resistance Area (Red Zone):** - This zone is near the $0.80 level and acts as a strong resistance. The price has touched this area multiple times but failed to break through. 3. **Weekly Liquidity Levels (LIQ):** - At the top of the chart, the $1.038 level is marked as a weekly liquidity area. This zone likely has a high volume of sell orders. - At the bottom of the chart, the $0.1276 level is marked as another weekly liquidity area. This zone likely has a high volume of buy orders. Other Key Points: - **Change of Character (Choch):** - Points indicating significant changes in price trends. - The first Choch occurred near the support area around $0.30, indicating a trend change from bearish to bullish. - The second Choch occurred near the $0.65 level, indicating a trend change from bullish to bearish. - **Break of Structure (Bos):** - Points indicating the breaking of support or resistance and trend changes. - The first Bos occurred near the $0.50 level, indicating a break of support and the start of a bearish trend. - The second Bos is near the $0.45 level, indicating a potential break of the bearish structure. Technical Pattern: - **Symmetrical Triangle Pattern:** - The price is currently forming a symmetrical triangle pattern, indicating consolidation and decreasing volatility. This pattern usually precedes a significant move. - The peaks and troughs of the pattern are converging, and a breakout is expected soon. Trend Analysis: 1. **Bullish Scenario:** - If the price breaks out of the triangle pattern upwards and breaks the $0.80 resistance, it may move towards the $1.038 liquidity level. - Target levels in this scenario: - $0.80 (Resistance Area) - $1.038 (Weekly Liquidity Level) 2. **Bearish Scenario:** - If the price breaks out of the triangle pattern downwards and breaks the $0.30 support area, it may move towards the $0.1276 liquidity level. - Target levels in this scenario: - $0.30 (Support Area) - $0.1276 (Weekly Liquidity Level) Volume Analysis: - **Volume:** - Decreasing volume during the formation of the triangle pattern indicates declining trader interest. A sudden increase in volume may signal a breakout and the start of a new move. Conclusion: The ADA/USDT chart indicates a consolidation phase in a symmetrical triangle pattern, likely leading to a strong move soon. Traders should watch for potential breakouts from the pattern and make decisions accordingly. Support and resistance levels are crucial, as their breakage can signify important trend changes in the market.by Hooman_Badiefar5
ADAUSDT 23 May 2024 Personally believe that if ADAUSDT breaks 0.5200$ , It can go for higher prices What is your opinion about this pair ?Longby wolf97433
ADA [ SHORT TERM BULLISH MOMENTU]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 targetLongby RayTrader1231
ADA : Extreme WEAKNESS, be CAUTIOUS👎BINANCE:ADAUSDT Cardano, like XRP and a few others, have been left behind during the recent BTC surge. We're about to see another leg up on BTC and likely a new ATH but ADA is barely able to break out of accumulation zone successfully. A few other altcoins that call for concern include the following: Other altcoins are sowing more promise. Volatility is infact, what attracts many users to crypto. There are a few coins that we are holding for longer term "investments" but projects that have been around for many years and fail to reclaim highs just speak to weakness. If we wanted a steady 7%, why not just get a savings account. You could be trading 5 other profitable altcoins instead of holding onto a dead, slow mover (unless ofcourse you have other reasons, such as a fundamental belief). Altcoins that are STRONG and moving with the trend as opposed to ADA, include the following: ______________________________Shortby CryptoCheck-117
ADA Cardano will reach $1.6 this yearThe 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, $1.6 will be reached in the summerLongby MoralDiscipleUpdated 2929137
LONG ADAUSDTLast time, I believed with considerable certainty that Cardano would go up, but the very strong support it had formed broke down and we got more evidence of a fall. Now, considering the favorable conditions of the market and the recently formed support line, I expect it to move upwards and touch the specified targets. It is possible to make a good profit from Cardano, considering the rise of other currencies in the previous months, but Cardano did not move significantly. Let's see what happens this timeLongby VistaMental3
#ADA/USDT#ADA The price is moving in a bearish channel pattern on the 12-hour frame, and it adheres to it well, and it is expected to break to the upside The price rebounded well from the lower border of the channel at the green support level of 0.400 We have a tendency to stabilize above the Moving Average 100 We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher Entry price 0.4500 The first target is 0.5080 The second target is 0.6000 The third target is 0.6870Longby CryptoAnalystSignalUpdated 8
ADA: risk for buy📊Analysis by AhmadArz: 🔍Entry:0.426 🛑Stop Loss: 0.391 🎯Take Profit: 0.461 - 0.497 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!Longby ahmadarzUpdated 3
ADA Potential Target 2.4$ & also good for long termCardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. To learn more about this project, check out our deep dive of Cardano. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair. Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.Longby Gul_Ahmad11