Last two weeks, in the daily chart ADA is teasing the key resistance zone of $0.76-$0.80.
Above $0.80, bulls will take control of the ADA price chart towards $1.
A daily candle closure above $0.80 will push ADA price towards $0.90 and higher.
Below $0.66 is the bearish zone and ADA price will decline towards $0.57 for another re-test of the ascending...
Cardano is right on time this cycle. Don't be fooled with other coins pumping. That is actually Bullish for Cardano as well. look at the weekly RSI showing signs of bottoming out
If CRYPTOCAP:ADA continues on its uptrend over the next few weeks to months, which is more than likely if you look at the total Altcoin Market Cap breaking out, then here are two targets to watch: 0.82 for an 18% gain and 0.9 for a 31% gain.
Watch and wait for confirmed breakouts from the drawn resistance levels, and enter once it surpasses them with some...
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(ADAUSDT 1M chart)
The upward trend began when the MS-Signal indicator rose above.
Additionally, since the MS-Signal indicator has switched to a bullish sign, it is expected to continue its upward...
The main trend (to understand where the price is and what is the general trend). Logarithm. Timeframe 1 month. Price in a secondary downtrend is approaching a mirror support level (marked in yellow, former resistance).
Against the dollar on the monthly timeframe, there is now a large bowl with a handle, which I have displayed on this chart.
Pump/dump news....
📊Analysis by AhmadArz:
🔍Entry:
sell:0.758
buy:0.598
🛑Stop Loss:
sell:0.788
buy:0.562
🎯Take Profit:
sell:0.726-0.687-0.654
buy:0.662
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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As it is obvious ADA is in reverse and is going back up, but not a crazy pump to 20$ or something like that, my best guess is that the earliest it can get back to 3$ is by Nov 2024
Cardano with ticker ADAUSD can be trading in a higher degree wave (5) that can retest the December 2023 highs.
Looking at the short-term hourly chart, we see it slowing down for subwave iv correction before a continuation higher for wave v of (5) towards 0.70 - 1.00 target area. Ideal support comes here around base channel resistance line and 0.58 - 0.56 area.
Confluent Wave Analysis with price action and chart pattern trading setup:
> The third wave correction after doubled zigzag ABC pattern forming a valid inverted head & shoulders pattern with barrier triangle ABCDE wave - with confirmation fake breakout D and E wave.
> Entry at B-D downtrend line breakout / WMA50 week
> Target 1 @ 161.8% Fibonanci extension...
#ADA
The price is moving in a descending channel on a 4-hour frame
We now have a successful penetration of that channel upward
We have oversold conditions on the MACD indicator
We also have a higher stability moving average of 100
Entry price is 0.5230
First target 0.5443
Second target 0.5852
Third goal 0.6391
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Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
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#ADA
One more squirt up, min, would make this variant a bit prettier.
.6788 break from here, would say ext W5.
I am following this chart since 05/07/2022. It is not a prediction for investment. I explain why I continue to hold my own portfolio. Currently 122% has been added to the purchase price.
The price action between June and October last year as minor wave 1 and 2 bugged me a lot. The move between June 8 and July 14 looks like an obvious 3 waves. I tried to make it fit with 5 waves, but it was a stretch. The current price action is also an obvious impulse move. The leading diagonal idea is not valid any longer since the current price action moved up...
Secondary trend. Logarithm. Timeframe 3 days.
The same parameters on the line graph.
local trading situation . Clamping zone. Timeframe 1 days.
ADA/USD Local trading situation
The main trend for understanding accumulation and distribution zones. Timeframe 1 month
ADA/USD Main trend
