Ada is starting to moveThe vertical lines show important dates according to Gann
- The next date is expected to be January 23rd
The nearest support zone is $0.33. The chart is unlikely to reach that far.
The target prices are:
$0.39 - An 5% increase
$0.41 - An 11% increase
$0.45 - An 22% increase
$0.58 - A 57% increase
In summary, the chart shows a potential uptrend with target prices ranging from 5% to 57% above the current price of $0.37. The vertical lines indicate dates where interesting price action may occur. The nearest support level provides a basis from which an upward move may launch.
Cardano
What does a bear market look like?“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me!
'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton
Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for example the recent collapsed of some banks.
Able to recognize at what stage the market is… at any particular point helps me to determine whether to take on the market with some risks or not at all.
Reference of Bitcoin Trading:
CME Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $25.00
BTIC: $1.00 per bitcoin = $5.00
CME Micro Bitcoin Futures
Minimum fluctuation
$5.00 per bitcoin = $0.50
BTIC: $1.00 per bitcoin = $0.10
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
✏️ CARDANO (ADA) : First SHORT then LONGAs you can see, after stabilizing in the range of 36 cents, the price of Cardano was accompanied by price growth and was able to increase the price up to 38 cents! Now, the range of 38 to 40 cents is an important supply zone , And in order to reach higher targets, breaking and stabilizing above this level is of great importance! 2 possible scenarios have been specified on the chart, and it is recommended that you monitor the mentioned zones !
Don't Forghet To Push The Boost (Like) Button and Follow me for More TA !
Best Regards , Arman Shaban
Cardano Time- Updated chart and Levels ⏰💹Market could be up for a nice Pump next:
Cardano being the 'slow sleeping beauty' tends to awaken at the right times so here we go with some news:
⏰Binance Expands Support For Cardano (ADA) : The world’s largest crypto exchange Binance on Tuesday said it will add Cardano (ADA) and Litecoin (LTC) trading pairs against TUSD stablecoin.
Link: coingape.com
⏰Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins
Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.
Link: www.coindesk.com
⏰Cardano's transaction fees have hit record high since August 2022, marking notable rise in network activity and demand
Link: u.today
💹Chart says:
Ascending channel on support 0.356 and price over 0.375 (secondary support).
Targets are 0.440 and 0.519
Let's go there and then see if we can break higher.
One Love,
The FXPROFESSOR 🌅
Cardano- i read many peoples complain about ADA on Twitter.
- Like the project is bad and going to nowhere.
- As Trader my job is only to do the Math and check pourcentages.
- i care about what peoples speak but i verify and deduct.
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So let me do Little Math for Cardano :
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- in 2018 if u bought ADA at Bottom ( 0.017$) you could have made +6500%
-- So if u invested 10k$ you could have returned $660,000
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- in 2020 ADA returned the same bottom level ( 0.017$) then made +16160%
-- So if u invested 10k$ you could have returned $1,626,000
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- So Now i don't think we gonna see again 0.017$ in entire Cardano Life.
- So haters gonna hate but Cardano made the Job.
- Just have to buy at the good time and be patient.
- if you bought the TOP, it's not Cardano fault, but your own fault!
- Next Target could be around 7.5$ (+3000%)
Happy Tr4Ding !
Ada going as predicted on 29 April last ideaAda price came down to 0.34 from 0.40 as predicted in last idea 29 April. Now its going up by following our arrow. If it keep following this arrow and rising channel then Target is 0.50
If any daily candle closed below 0.36 then price will not pump soon. It will keep dumping…
ADAUSD BUYWelcome . Cardano is positive despite the market downturn. The currency has breached the bearish pennant with. Re-test the area. It also formed a very positive candle on the daily chart. There is a lot of pressure from the buyers to push the market higher. to 0.4000 in the first stage. And level 0.5000 good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. And click "Like" so that everyone can reach the post and benefit from it and get free content. Thank you
ADA analysis (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADA will Lag and then catch up in a hurryEverything in crypto appears to be in a diagonal. Ada is no different. The angle of ADA's diagonal is less than BTC and most other cryptos. This means that ADA will probably not break 50cents before BTC has its first major correction of the cycle. But when BTC corrects ADA should actually fair better. After the correction, ADA will have its moment. I am short term long.
Is Cardano a scam coin? Destined to crash to $0.01? Is Cardano a scam coin? Poised to crash to $0.01?
Already down 93% from its all-time-high. There is no whale interest whatsoever. Nobody is buying this coin.
Will it go down to $0.01? (Another potential 99% crash from here).
Bear market has not started yet!
ADAUSD 23May2023if you see that the price responds positively to the trendline, chances are that the price will return to bullish. Broadly speaking, I still believe ADA is in a bullish trend which is currently in a correction period. This bullish trend fails if the price drops further than the red line below. whereas in the short term, the bullish trend fails if the price falls more than the blue line (1)
ADAUSD Is targeting 0.850 by the end of the year.Cardano (ADAUSD) is currently trading within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) for most of May. This consolidation is most likely the new Accumulation Phase for the next price jump and the reason is an old chart that we published last year, comparing the 2022/23 Cycle with 2018/19.
So far it has been remarkably similar, with the Bear Cycle being a decline of around -93% on both occasions, within a Channel Down pattern that bottomed on an Inverse Head and Shoulders. The first significant upside target in 2019 was the 0.5 Fibonacci retracement level. That is currently a little over 0.850 and since the Cycle has been following the previous one so closely so far, we see no reason not to continue to do so.
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Cardano (ADA) is about to break down the support!Hello, everyone!
As you know, sometimes I can take the trade on BINANCE:ADAUSDT instead of Bitcoin. Today I am going to show you my thoughts about this asset, what we can wait in the nearest future.
ADA demonstrated the bounce in the first half of 2023, formed the bearish divergence with the Awesome Oscillator. This is the clear sign, that it was just a correction to the downtrend impulse. I consider the final bearish wave which should be ended with the 5 waves cycle. If we suppose that wave 1 has been already formed, ended just at the support trend line, now we can expect the reactive wave 2. It has the target at 0.61 Fibonacci retracement, $0.41 .
This potential bounce could be the nice bull trap. The wave 3 which is going to follow this bounce can easily break the support line. It has two targets: $0.29 and $0.22 . My plan is to wait this bounce to open short trade.
Best regards, Ivan
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ADA ANALYSISHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Crypto Update: ADA gearing up for new push higher?Today's focus ADA
Pattern – HL support hold
Possible targets – .3550
Support – .3550
Resistance – .3665 - .3770
Looking at ADA today, we can see a few bullish signs coming into play. We have run over them in today's analysis, and the rejection signs we will also be looking out for. Effectively we want to see support continue to hold and feed a new rally. If we do see this, we would like to see a new test of resistance to show buyer strength and break of that level to start thinking the overall up trend is still in play.
Thanks for stopping by. Good trading, and have a great day.