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: 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
ADAUSDT.1DUpon reviewing the ADA/USDT daily chart, several critical technical indicators and levels emerge, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Cardano (ADA) has faced significant volatility, with the current price at approximately 0.4668 USD. The price is currently attempting to recover from its recent lows. There are two major resistance levels to watch: R1 at 0.5263 USD and R2 at 0.6852 USD. The price recently faced rejection at R1, indicating strong selling pressure around this level. Breaking above these resistances would signal a potential reversal of the current bearish trend. Support Levels: On the downside, the primary support level is identified as S1 at 0.3606 USD. This level has shown strong buying interest previously and could act as a floor if the price continues to decline. Below S1, the next significant support level is S2 at 0.2255 USD, which has also been a critical support zone in the past. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 49.38, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided. The Moving Average Convergence Divergence (MACD) indicator is showing signs of a potential bullish reversal. The MACD line (blue) is approaching the signal line (orange) from below, and the histogram shows decreasing bearish momentum. Volume Analysis: The volume pattern indicates that trading activity increases during price declines, suggesting strong market reactions. This heightened volume during downward movements implies significant selling pressure, but it also means that any positive news or bullish signals might lead to a swift recovery due to the existing oversold conditions. Conclusion: In conclusion, the ADA/USDT pair is currently in a neutral to bearish trend but is showing signs of potential stabilization around key support levels. The RSI indicates a neutral position, while the MACD suggests a possible bullish crossover, which could signal the beginning of a recovery phase. Traders should closely monitor the support levels at 0.3606 USD and 0.2255 USD, as well as the resistance levels at 0.5263 USD and 0.6852 USD. A break above these resistance levels would confirm a bullish reversal, while a failure to hold the support could lead to further declines. Overall, the market sentiment for ADA remains cautious, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.by MarsSignals1
Cardano (ADA) technical analysisCurrently, ADA is correcting in a downtrend channel; wave (4). Keep an eye for the channel's upper line break; if successful, a pullback will probably follow. Also, buying volume is crucial too, so don't forget to check.Shortby SaeedSalehiniaUpdated 1113
ADA's Next Move: Will it Soar or Plummet?Hey traders! ADA is at a crossroads, and the stakes have never been higher! Currently hovering near the $0.3349 support level, ADA is on the brink of a potential breakout or breakdown. A triumphant surge above $0.4477 could pave the way for a bullish rally towards $0.5434 and beyond! But beware, a slip below $0.3349 might trigger a bearish descent towards $0.2800. by CryptoleancomUpdated 3
Cardano breaks symmetric triangle the next target would be $0.56The ADA chart showing that some positive move currently it breaks the symmetric triangle.It indicates upword momentum.In this chart the $0.56 level showing the big resistance level.Longby Kiran010112
Cardano (ADA): Another Rejection Happend!We are back with Cardano, where price is yet again rejecting that upper trend line (which is close to 100EMA). We are looking for price to move now toward lower zone of that triangle pattern from where we expect some sideways movement to happen (and eventually a breakout or a breakdown). Swallow Team Shortby SwallowPremiumUpdated 226
Cardano ADA price at a crossroads before further movementLooking at the global #ADAUSDT chart One question arises : - Did the ABC correction already end in April at $0.40 in 🟥the red scenario? - Or is there another dive down to the $0.30-0.34 area according to🟦the blue scenario? The critical level from below is $0.40 The critical level from above is $0.50 Fixing the CRYPTOCAP:ADA price below or above the critical levels will decide the further price movement. Globally, in the medium or long term, we would like to see the price of #Cardano at least $1.5 _____________________ Did you like our analysis? Leave a comment, like, and follow to get moreby P_S_trade4412
ADA is trying to Complete QM PatternADAUSDT is trying to reach the Demand Zone the QM pattern shows that ADAUSDT can first reach the Order block and the go down to reach the Demand zone.Shortby DarknessEmpire224
Cardano longCardano broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.517 is expected to happen.Longby Cryptobees_buzz8
ADA LOOKS BULLISH💥Traders! As selling pressure absorbed. Now ADA looks bullish. With proper risk management. Enjoy😊Longby Me_chartUpdated 1111
Cardano can raise up from here !Cardano (#ADA) has grabbed the liquidity of major structure's low in the daily time frame and this means that ADA can start growing from this area to the top of the daily major structure at the price of 0.8104 . If price can close below the 0.3994 then, this analyse will be faild and then we could see more price drop. This is my personal oponion, and its not a financial advice.Longby S4jj4D_ch4
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with +10% upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.46, which it broke, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.Longby altFINS3
ADA Short#ADA #Cardano The Fibonacci intersection of the golden number with the megatrend price of $0.38 is equivalent to a 12% correction from the current price, a relatively safe entry point. If the orange flash is lost, the next target is $0.23Shortby Ke_eK224
ADA Cardano. Awesome chance! +207%Hey, folks, listen up! There's an awesome chance! The local bottom is practically waving at us. Time to make moves and seize the opportunity! Ada to the moon🚀😎 You know what? I've got a feeling the big market makers are gonna start pumping soon! 📈🚀DYORLongby HedonistTradeUpdated 5
ADA/USDTBased on the 4hr timeframes, ADA seems to have formed a triangle pattern from there it should squeeze to the near .60 cent mark. On the larger timeframes based on the fib, ADA has retraced to the golden .618 level and seems to be holding this can indicate an impulse move to the $1.00 ADA. Fundamentally Bids have out weighed Asks nearly 3 to 1 so a more bullish move is expected of ADA in the next weeks to months. Longby johnathandfr7
Cardano Alert at $0.4477: Analysis Deciphers ADA Next Move! Cardano has to move back to above $0.4477, otherwise it will dip to $0.3963 and, possibly, lower. A bullish break-out of $0.4477 will push price back to $0.5434. Above $0.5434 is a bullish daily zone and we will see a move towards $0.6562, where price action will be very important. A sustained price action above $0.4477 will increase odds of the dip to $0.335. Longby Cryptoleancom3
Charles Hoskinson Accuses Biden of Trying to Kill CryptoCharles Hoskinson, founder of Cardano ( CRYPTOCAP:ADA ), has criticized President Biden's pledge to veto a bill aimed at reigning in the SEC's crypto crackdown. This comes as the American crypto and blockchain community perceives the Democratic party as a threat. Hoskinson has accused the White House of trying to "destroy the American cryptocurrency industry" and stated that a vote for Biden is a vote against cryptocurrency. The Cardano ( CRYPTOCAP:ADA ) founder claims to speak for the entire industry and has criticized the Securities and Exchange Commission (SEC)'s efforts to sue major crypto companies in the United States, which Hoskinson and his peers call "regulation by enforcement." He added that this policy has cost tens of thousands of American jobs and the loss of a trillion-dollar-plus industry. Hoskinson's intervention in the matter stems from President Biden's veto of a Congressional joint resolution that would reign in the SEC's crypto crackdown. Blockchain leaders lobby for change, with Messari CEO Ryan Selkis and the Winklevoss twins being some of the party's fiercest critics. Brian Armstrong and Brad Garlinghouse have taken a more neutral stance, while Coinbase and Ripple CEOs have turned the crypto lobby into a heavyweight political fundraiser. One of Biden's only notable supporters in the crypto sector comes from Donald Trump's former communications director Anthony Scaramucci, who founded the crypto hedge fund SkyBridge Capital. Scaramucci's lukewarm endorsement of Biden stems from concerns over Trump's unpredictable leadership style, predicting that a Trump administration would be better for crypto regulation in the short term but creating havoc and unpredictability in the legal system in the long term. Charles Hoskinson has also criticized the World Economic Forum's Contributor Yuval Noah Harari over his remarks on Bitcoin and crypto assets. Hoskinson termed the analysis "Duning-Kruger on steroids," garnering support from the wider crypto community on social media spaces. Crypto analysts have long criticized traditional finance players for their poor assessment of the market without fully embracing aspects of the technology. Crypto executives continue to defend the cryptocurrency industry against criticisms from traditional finance players and unfair regulatory scrutiny in recent times. Harari stated his dislike for Bitcoin because it was developed based on distrust of centralized institutions and that developments over the century show that it's a good idea to give the government and banks the ability to create more money to build trust in society. Digital asset users have rallied around Hoskinson, firing at previous criticisms of most traditional finance analysts. Technical Outlook Cardano ( CRYPTOCAP:ADA ) has been on a falling wedge consecutively since the start of January. The price of CRYPTOCAP:ADA has been highly volatile with the asset falling and reversing to new highs. CRYPTOCAP:ADA has a Relative Strength Index (RSI) of 37.79 which is slightly oversold. A bullish reversal is on the horizon with the asset already in a falling wedge pattern.Longby DEXWireNews11
ADA currency long positionADA currency, when the price reaches the area of 4380, we can enter into a long trade at tp 4461 and tp 4515.Longby mmehrparvar2
I took LSD and looked to cardano without much knowledgeI think something will happen here but no idea if its bullish or bearish, help in comments appreciated.by tWepo887
ADA (Cardano)Cardano is trying to find it's last bottom before the journey to the new all time high starts.Longby MohamedSewid0
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 FRANTISEKJURISoEU0
Cardano (ADA): Rejection From 200EMA / FakeoutCardano has made a really nice rejection after that massive breakout from the triangle formation. We are now looking for further movement to the lower zones, possibly touching that support zone there as well! Swallow Team Shortby SwallowPremium1