So far, Cardano has apparently refused to drop deeper into the green zone between $0.9355 and $0.2767 and has not fallen below its last low. This could imply that the altcoin’s preparation for the coming ascent have already begun. However, we rather expect Cardano to make further use of the green zone to finish wave 2 in green at its bottom before moving upwards,...
Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Cardano (ADAUSD). The chart is self-explanatory. With the crypto market going through a correction, Cardano may still have downside to go. See where I believe there may be strong support and possible bottom. Included in the chart: Trend line, Support and Resistance...
Past Performance of Cardano Cardano prices are relatively firm versus the BTC and ETH at spot rates. While the crypto market is down, ADA prices remain inside a $0.25 range, with support at $0.45 and resistance at $0.65. Besides, there is an M-formation, with ADA retracing from the double top. Currently, ADA is down 12 percent week-to-date, but buyers stand a...
#ADA/USDT $ADA rejected from upper line of falling wedge and shaped a bearish flag pattern in lower time frame. 🐻 break down from lower line of channel that can act as bearish flag, will drop price to lower line of wedge that is the same with support zone. 🐮 holding the lower line of channel may help bulls attempt another try to breaking the upper line of wedge.
Happy Monday, TradingView community. After a flat weekend, buyers have defiantly hit the new week with a lot more energy. After a hesitant start, buyers came back into the crypto markets during today’s Asian session. Today’s European session comes online. We’re still seeing strong interest, with many of the top 10 continuing to hit solid gains. Our focus today...
#ADA/USDT $ADA is below upper line of falling wedge pattern. 🐮 break out from resistance of upper line of this pattern can increase price toward resistance zone between $1.6 and $1.86. in this way price should break out resistance of $0.7 and $1.1. 🐻 rejection from upper line will drop price to lower line once again that is around support zone between $0.4 and $0.27
Past Performance of Cardano After two months of sharp losses from early April, the recovery at the tail end of May is a net positive for ADA bulls. At spot rates, ADA is up 50 percent from 2022 lows and trading above the trend defining bear bar of May 11 in a breakout. Cardano bulls are firm, reading from the ADAUSDT price formation in the daily chart. #Cardano...
Past Performance of Cardano When writing, Cardano prices are in a $0.20 trade range and within a bear breakout continuation pattern. Despite gains over the past 24 hours, ADA bulls haven't satisfactorily reversed losses posted in the first half of May 2022. Technically, ADAUSDT remains in a bear breakout formation pattern with attempts for higher highs capped at...
Like a terrapin, which favors overgrown, muddy waters, Cardano is dabbling in the green zone between $0.93552 and $0.27674. As long as we don’t receive any stronger signals for a beginning ascent, we primarily expect Cardano to dive a bit deeper to finish wave 2 in green. However, it is also possible that the Cardano-turtle could paddle upwards already.
I zoomed out to the weekly cardano chart, and the good news is that Cardano did find support around 41 cents the last time we had a correction, the bad news is that all indicators point to this downtrend continuing and in order for the downtrend to break it is going to take an enormous amount of green volume, and given the current market sentiment it is hard to...
BINANCE:ADAUSDT Simbol Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️Really soon we will see capitulation on ADA price chart. Fundamental price for ADA now 0.45. ➡️ When we touch fundamental price its usually good enter point on...
From September 2021, the price of ADAUSDT is in a downward trend, moving down the channel. An important area of customer support was the zone around $1. This strong mirror level has helped buyers keep their defense and push the price up since February 2021. However, in February 2022, buyers finally lost control over this level, which sellers only confirmed...
Past Performance of Cardano ADA prices are down eight percent at spot rates following high volatility on May 4 and 5. While the crypto market unexpectedly dumped yesterday, ADA bulls stand a slight chance. Prices are still within the May 4 bullish bar, a bullish development from a technical perspective. Still, whether ADA will recover depends on if buyers can...
After trailing along the mark at $0.92258 for so long, Cardano has finally found back to our primary scenario. It has gone below $0.92258 and into the green zone between $0.93552 and $0.27674, where it should finish waves v in magenta, C in turquoise, (C) in yellow and 2 in green. Then, Cardano should turn around and move upwards. However, there remains a 20%...
Past Performance of #Cardano ADA is down to 9th on the market capitalization leaderboard and down 34 percent from April 2022 peaks. It is also flat-lining in the past 24 hours but down 11 percent versus the USDT week-to-date. Currently, ADA bears may see the coin retest March 2022 lows of around $0.75. Cardano Technical Analysis #ADA is free-falling at spot...
BINANCE:ADAUSD Signal Entry - $0.5 Target - $2 Invalidation - $0.1 Risk to reward ratio - 3.6 Technical confirmations Price already reached 0.618 Fib zone and continue to decline. We expect price to reach 0.786 and maybe 0.886 zones. There's liquidity at $0.77 so it is a good target for price to continue falling. Aroon indicator shows a strong...
Cardano has retraced by more than 26.5% in the past two weeks.now technical indicator and in the other side in waves analize suggests that a bullish impulse is underway. Entry: 0.92-0.90 - 0.72** - 0.38
Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Cardano (ADAUSD). Cardano price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud...