Cardano breaking upward from a descending channelTarget is around 63 cents. Although I do believe it will eventually go higher and retest the green horizontal trendline above that too. *not financial advice*
ADAUSD.P trade ideas
Cardano is popping, up 10% again today, will take 0.50 soon
When I first bought this a couple of weeks ago, it was in a massive contraction & squeezing stage, despite recent buyer activity, there was even more selling prior to this demand for many months earlier this year.
So I waited for it to come into my area of confluence because I was desperate to turn some red on my screen into green. I knew there was fairly recent (month or 2) buying demand so I knew this would return once price became too good to not take action to buy.
I loaded up on it around 0.33 cents and I told readers of my initial post on ADAUSD to buy in at these low levels as it would move up fast and a break above 0.455 cents would be big as well.
This Cardana is my best performing Crypto and it is a more recent Buy compared to say DOGEUSD & TRON (that gives nothing aways at this stage.)
Given where things are at now and Bitcoins firm position, 0.50 for ADAUSD is good buying I think.
Just got alerted of a newswire on this theme.
www.tradingview.com
ADA: Is wave 2 complete?The recent price action makes the probability of wave 2 of primary degree complete. But, to be confident, we must see price breaking above 52 cents and then getting support above 40 cents. Otherwise, market can still play tricks on us and make this pump a wave c for another higher degree B wave and crush the bag holders hopes and dreams. But until 31 cents breaks, I am flipping on the bull side for now.
ADA to test Hourly 50 SMAADA is approaching its 50 sma on the hourly chart. this could be a good buy area for a long set up as the 50 sma will be coinciding with the nearest support. Targets above are the 1.618 and 2.618 extension of the previous high swing low. RSI is 52 at time of publishing. Impulse has already corrected beyond the .236 and may be enough for a new continuation north.
Not financial advice. Do your own DD.
Will be following this idea up with larger TFs in updates.
Thanks for viewing the idea.
CARDANO - Buy IdeaThe failure the breakdown below the significant key-level of $0.3600 implies that price action is all about this current upside momentum and it is more likely to keep marching forward. We're jumping into position, targeting the next major resistance at $0.4230
Cryptocurrency ADAUSD CARDANO: Next to break out.
I bought into this one recently but it was weighing heavily since the purchase in terms of price not quite breaking-out enough, but that all changed today as Cardano moves out of its squeeze and into climbing and rallying mode.
Earlier in 2024 it entered a Supply-downtrend but in recent months buying entered into Cardano and the charts stated to expand with some volatility to upside prices.
A breakout "jump" is what ADAUSD set-out to do in 2024 and with supply switching mostly over to demand and with Bitcoin now very close to 71,000, that time is near.
Ada Buy Zone Looking at the chart if we are able to sweep liquidity from the previous high and retrace back to the (0.786 Fib level ) it will be a good level to buy from again as we will need to fill the imbalance and retest that level for more buyers to enter.
Ada Buy Zone Looking at the chart if we are able to sweep liquidity from the previous high and retrace back to the (0.786 Fib level ) it will be a good level to buy from again as we will need to fill the imbalance and retest that level for more buyers to enter.
ADA BULLISH CONFIRMATION !Looking at this simple Fibonacci drawn on the weekly time frame , we can clearly see that we were accumulating in the EXTREME ZONE( 0.88% Level ) a very good area to buy from and the first target will be the equilibrium level (0.50%) , this will be a very good return on investment long term or short term. #ADA TO THE MOON!!!
ADAUSDT / 1W / LONGI think ADA in next weeks can reach higher levels and price is now near major daily support zone and soon we are expecting our target which is 0.66$ to be hit.
ADAUSD viciously sold, but a vicious buyback in play!
This is a Cryptocurrency ADAUSD has been sent downwards in its price this year like most other Crypto's, lately trying to stage its turnaround, I think it will happen real soon as Bitcoin is set to move much higher anytime soon, very soon now I think and Crypto is very bullish today across the board, many things up 5% already.
This would represent a massive upside move for ADAUSD as the forces are set to take Cryptocurrency's much higher following their big sell-downs this year.
ADAUSD If you ask meIf you asked me a couple of years ago mainly 2021, I would say I would tell every buy ADA buy ADA!!!...... Now that I am a functioning adult and have gone through the phase of unplugging and learned a few things. According to Historical Chart Patterns I am seeing a Descending Triangle here and as we know Descending Triangles are an indicator for shorting. It may go down but with tomorrow being such a critical day be on the lookout for potential buy situations.
ADAUSD Cardano: Lots of Confluences for a higher price
Thanks to Arban Shaban Trading for charts of Cardano ADAUSD earlier in the week.
ADA: Still in Wave 2 (updated EW count)ADA/Cardano and its forever sideways price action has led me to redo the count for the two yearslong bear market. Previously my assumption was that Oct 2023 was the termination of primary wave 2. However, the price action for an entire year since then has not been impulsive. It is possible that Primary degree 2 is done and this price action is another 1/2 on a smaller degree, but it is odd to start the wave 3 of primary degree this weak and this slow. So, looking at the structure again and new thesis is ADA is at its last leg of the Primary wave 2 correction. Either it finishes up the y wave of the minor degree as a triangle, or it could correct deeper as an ABC, where the triangle structure forming right now drags on longer for a B wave triangle and then get a C wave back to $0.16 - $0.14 area to complete the correction. This could drag on till next year Q2 where BTC correction could also end, on a different degree of trend. For now, I am only going to wait and watch.
Indicators Confirmation If you know how to use the MACD and RSI indications you will know that what we are currently looking at is a 4HR Buy continuation that is forming and taking place, our bullish break might come sooner than we think! BUY ADA NOWWWWWWWWWWWW!!!!!!!!
Imbalance Zones We have entered a Monthly and weekly Imbalance Zone, best time to buy!! Looking at the Fibonacci we are below the 0.88% Zone , known as the Extreme Zones another good place to buy from, once we get a solid break above the 0.88% Level, that will be our first indication to start stacking up on Ada as we will see more Bullish movement!!!
Ada Bullish ConfirmationLooking at the Monthly time frame we can see a lot of bullish signs , we have broken the previous monthly high, we have retraced back into the Demand Zone that caused the break of the previous high, we are now waiting for that final break towards the upside to support the bullish move, this will be the best time to stock up on ADA!!!
CARDANO - Sell Idea The break below the major key-level of $0.3500 is significant. We strongly believe that under these circumstances price action is more likely to keep sliding downwards to the next big support at $0.3050
ADA Caution!Considering cycle theories and assuming Altcoins - especially those from 2015-2017 - could be in different corrective phases than Bitcoin, investors could be in a big surprise for the next upcoming months. While Bitcoin is potentially in its last cycle (retail wave 5) before its first major correction, the older Altcoins are still in their wave 2 which results in a long exhaustive ABC phase and often corrects more than 50% of the first impulsive wave which would also coincide with the 1.618 Fib.
This would mean that alt-season - for the older big coins - is not here yet. Regarding their meteoric rises after more than 10k% the fundamentals need to catch up to overvalued prices, which takes time.
A lot of people are confused and complaining about the "blue chip coins" not going up, especially Cardano, while Market Makers play the long game and suppress Altcoin prices artificially, simply keeping them in a big trading range and in corrective mode till their first cycle ends and the next begins.
ADA e.g. shows striking resemblance to NEM (XEM) with a similar corrective structure and sits on long time life support. The more it pokes on it the more it's gonna get dangerous for the next breakdown to the 0.10-0.20$ region.
Cardano: FlatlandsCardano showed little volatility last week, moving mostly sideways. We still expect it to rise in magenta wave (iii), surpassing the resistance level at $0.81. Only our 38% probable alternative scenario could disrupt this plan. This alternative scenario will come into play if the price drops below the support level at $0.22, implying a deeper low for green wave alt.(2)
ADA Leading Diagonal From August Low We are currently working on Wave 5 of a leading diagonal target price being just below 0.42.
