Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process. It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support. If...
ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle...
ADA is looking healthy and seems to be gearing up for a possible big move.
If we apply Elliott wave analysis to the ADAUSDT price movement, we will see very harmonious proportions. It can be assumed that the ADAUSD price is currently at the stage of a correctional wave - 4 - and in order to continue its dynamic growth, it is not advisable for the ADA price to fall below $0.40-0.46. (despite the fact that it has already reached...
📊Analysis by AhmadArz: 🔍Entry: 0.480 🛑Stop Loss: 0.477 🎯Take Profit: 0.486 - 0.494 🔗"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!
ADA closed the large bull gap from our previous analysis and found support at the large bull candle open. We did not get a higher high and Bitcoin is showing signs of a pullback. Should we short here? How do we trade this? 🤔 We should not short ADA on the Daily timeframe. The time to short was after the double top reversal near the $0.60 price range, we're too...
Despite Cardano leading in code commits over the past year, surpassing Ethereum, Polkadot, and the BNB network, the current scenario appears grim. Daily active addresses on Cardano have recently plummeted, accompanied by a decline in daily transactions on the network. ATTMO predicts overcast conditions ☁️ and a bearish trend for Cardano CRYPTOCAP:ADA in the...
ADA still inside channel down, and already touch classic resistance at 0.5473 Bearish will continue to reach 0.4340 this is minor support for ADA. there is two trading plan here, follow bearish with short and target at 0.4340 or buy limit at 0.4340 Good luck I will update this analysis if i found a new key level.
In my opinion, Cardano is in an uptrend and it is acting like my chart on the weekly time frame. Stop loss and target point and entry point are based on your short-term plan and risk tolerance, and I just told my long-term plan view and I think my chart is very clear. Good luck, dear traders. Mohammad Goodarzi Wednesday 3 Jan 2024
Hello, after a long absence, back again to analyze the financial markets. This is my analysis of the Cardano currency. It appears to be in a positive state with the formation of an upward channel as shown in the analysis. Good luck to everyone.
Cardano moves to the target of $1, if it allows a correction in this direction, especially around the price of 0.77 to 0.83, then there will be better conditions to enter the range of 0.45.
❤️❤️Thanks for boosting 🚀 and supporting us! 📈we are a good candle for buy if not break zone of 0.59$ . 📊 (Entry) : 0.5945 🔴 Stop Loss : 0.5820 🎯 Take Profit : 0.6072-0.618-0.6345 🔗 For more communication with us, In the footnote and send a message in TradingView. 👨🎓 Experience and Education: Our trading team has five years of experience in financial...
A bullish sun ☀️ will shine over the global crypto market in the next 24 hours, with the exception of Cardano and Avalanche which face cloudy, bearish trading conditions. ☁️ Over a one-week horizon, these bearish clouds will dominate, indicating a downside risk for Bitcoin, Ether, and other altcoins. ☁️ Some smaller crypto coins such as Cardano and Binance Coin...
TRADE ALERT! Ada Ticker: ada/USDT Entry:0.51-0.53 Take Profit: 0.6180-0.6385 Stop Loss: 0.4739 Risk to reward: 1:2 Technical Thesis: Price saw a correction upto 0.618 fib ratio The area of 0.5 fib and 0.618 fib is where price is holding and is expected to bounce. Keep an eye on 0.53$ to 0.51$ area for long position.
ADAUSDT Technical Analysis Update ADAUSDT Currently Trading at $0.371 The ADA price broke its trend resistance line with high volume. Buy zone : Below $0.372 Stop loss : $0.339 Always Keep Stop Loss
Cardano (ADA) is about to explode with potential, aiming for a target of $1 and beyond! Cardano, the blockchain platform that has been captivating the crypto community, is making significant strides towards becoming a force to be reckoned with. With its unique approach to scalability, sustainability, and security, Cardano has been gaining momentum, and the time...
At $0.46 BINANCE:ADAUSDT has hit resistance and formed a double top. We have had a nice altcoin pump, now it's time to retrace. If Bitcoin keeps going up, Cardano could break through this resistance pretty easily, but a short for a few days may be lucrative.