it seems that we have a bearish trend that is going down
Trade setup : Trends are mixed but long-term still appears in an Uptrend with Higher Highs and Higher Lows. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back. Now it’s consolidating in a Descending Triangle pattern. We wait for a breakout in either direction. Bullish breakout could see the price revisit $0.80, while a...
I think we get another candle closure above this support, with a flush through next week to make another tweezer wick like bottom, confirming this support and then a push towards highs again. Keep an eye on the lower timeframes, 1h/4h and daily to try and avoid the flush, or play it, and to stay ahead of a major downturn incase my idea is wrong here.
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Wow, what a mess. The clearest thing I can see here is a ZZ pointing up and a move that retraced back beyond its origin. Didn't squirt hard enough, it seems. An impulse down would be ideal, or could go sideways.
Hi. COINEX:ADAUSDT ✅Today, I want to analyze ADA for you in a 1D time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the...
Charles Hoskinson, the visionary founder of Cardano, boldly predicted that ADA, the native token of the Cardano blockchain, is poised to dethrone the current cryptocurrency giants, Bitcoin and Ethereum. I seriously doubt it will surpass any of the 2 (BTC or ETH) but i do tend to think it will be in the Top-5 At the same time, Cardano’s loss to Base leads to...
As Bitcoin has seen a major correction to the down side, other cryptos has followed suit. In anyway I believe we are still going down to at least touch the 200 moving average for BTC. I expect prices of around $56000. Though it's does not indicate a bear trend, I believe this is a repetition of historical events as BTC has shown time and time again to correct just...
ADA ( CARDANO) Potential for a 20% Drop ! We are observing a head and shoulders pattern on the 4-hour and daily timeframes. This pattern could activate if the 0.59 to 0.56 cent support zone is breached. In this scenario, we could see a 18 to 25% drop in price. Key Factors to Consider: Confirmation of Pattern: The pattern should be confirmed with a break below...
Cardano has pretty decent rejection from branches of EMAs, forming a smaller resistance zone right there! We are looking for further movement to lower zones here, as long as we maintain the price below those EMAs. Swallow Team
ADA’s outlook is bearish for the following reasons: 1. Double Bottom formation. The first top is on March 4th at 80 cents. The second top on March 14th at 81.17 cents. 2. Cardano also formed a Head and Shoulders pattern between February 17th and April 2nd. 3. ADA is. Below the short EMAs, the 21 and the 50. Should ADA lose the 58-cent support, It could drop as...
ADAUSDT En: Now 0.6618 Sl: Between Red Lines (1% of your balance) Tp: Green (Check the picture or tradingView for Numbers) Cancel if Tp crossed without opening #240Min_trade #N49
Following its robust bullish rally, ADA has been ascending within a channel. However, the recent loss of crucial support zone could signal a potential decline, taking it to at least the lower boundary of the channel. Traders may want to keep an eye on this level for possible support and a rebound or a further break indicating continued downside.
📊Analysis by AhmadArz: 🔍Entry: 0.6453 🛑Stop Loss: 0.3646 🎯Take Profit: 0.6548 - 0.6667 🔗"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!
Trade setup : Price remains in an Uptrend. It reached $0.80 resistance but got rejected 2x (Double Top pattern – bearish) and pulled back, breaking below $0.65-0.68 key level. We would be buyers near $0.57 support, which could be a swing trade entry opportunity in Uptrend, with +15% upside potential back to $0.65-$0.65 near-term. Stop Loss (SL) level at $0.52. ...
ADA made a bullish patterns Inverse Head and Shoulders i see if it broke out from the resistance Disclaimer:this is not a financial advice
There is a lot of similarity compared to the previous cycle, in this range we should only think about buying, in the coming days if you see crazy moves from Cardano, you should not be surprised!
Cardano (ADA) X Right Price for quarter 2, 2024. $0.8560 May Touch $0.8699 As Data Moved Outside the Range During June, 2023. Retest In Between Before the Following: $0.8995 Follow By $0.9158 $1.0079 $1.0262 $1.1284 $1.1456 $1.2382 $1.2542 Execution Prices = $1.3178 Follow By $1.3019 Distribution Price = $1.3596 Follow By $1.3755