ADAUSD trade ideas
ADA whales drive Cardano price towards $0.3, Investor optimismADA Whales Propel Cardano Price Closer to $0.3, Inspiring High Investor Expectations
Following a significant decline in early June, wherein Cardano experienced a 30% loss in value, the altcoin is now witnessing a remarkable resurgence. The market-wide recovery has contributed to a nearly 6% increase in the past 24 hours. However, the optimism surrounding ADA extends further, as whale holders demonstrate strong bullish sentiment this week.
As the broader crypto market rebounds from recent lows, with Bitcoin inching closer to $30,000 and several altcoins experiencing gains, Cardano finds additional support from a crucial group of investors.
Cardano Price Reclaims Ground
At the time of writing, Cardano's price hovers above $0.28, bridging the gap left by the early June crash. This third-generation cryptocurrency endured a substantial blow when it incurred a loss of over 30% within a week. However, fueled by overall market bullishness, ADA is now approaching the $0.3 milestone. Notably, the altcoin has surged by approximately 7% in the past 24 hours, accompanied by a sudden increase in the interest of whale investors.
The influx of these investors is evident in the total inflow of addresses conducting transactions worth over $100,000. They have collectively acquired around 263 million ADA, valued at approximately $71 million presently. Recognizing this favorable trend, it appears to be an opportune moment to accumulate cryptocurrency assets, leading us to consider a strategic long-term investment approach through Buying Deep.
ADA Cardano Bearish Short Cardano face the SEC’s scrutinyDAILY TF short
4H Short
2H Short
34min Short
Strategy Trend Bearish Only technical rules.I ignore all fundamentals
Risk and money management; Trend continuation,trailing stop(Only if buy sell pressure and trendomat confirmation follows)
Position sizing
Solana and Cardano get listed as tradable digital assets in Indonesia.
SOL and ADA experienced price recoveries despite lingering bearish trends.
Solana and Cardano have found themselves entangled in the scrutiny of the US Securities and Exchange Commission. Yet, a glimmer of hope emerged from the recent developments in Asia, potentially offering respite to the assets and their holders. While the regulatory situation in the US remains uncertain and unclear, the news from Asia brings a fresh breeze of optimism.
Cardano could enter an extended price consolidation below $0.3 as buyer and seller indecision persists.
ADA’s lower and higher timeframe charts were bearish.
Long positions were wrecked; funding rates were negative.
The resilience seen within the Cardano ecosystem is yet to boost ADA’s price outlook. It registered an impressive adoption and network growth rate as transactions hit 69 million. But the token’s price remained below $0.3. In fact, it even surrendered gains made between 10-13 June.
The strong rebound from $0.220 on 10 June saw bulls extend gains up to 13 June but didn’t cross the $0.3 price level. Interestingly, the $0.3 level aligns with the 50% Fib level, making it a more crucial roadblock if bulls were to gain an edge and reverse Q2 losses.
In the meantime, the RSI (Relative Strength Index) retreated from the oversold zone but was still within lower ranges, signalling weak buying pressure. But the Accumulation/Distribution metric moved sideways after a slight uptick – pointing to indecision between buyers and sellers.
So, a range formation between $0.247 – $0.3 could be on the cards, given the indecision among buyers and sellers.
But a bearish breakout from the range could ease at $0.220 or $0.182, especially if BTC retests the $24k.
A pullback can be used to sell more ada, as trendomat is bearish
ADA - bearish pennant A bearish pennant starts with a noticeable downtrend in the price of an asset, like ADA. After the initial decline, the price enters a consolidation phase where the daily price ranges become narrower, forming two converging trendlines. This consolidation indicates decreasing volatility and a potential continuation of the downward trend.
ADAUSD Retracement to 0.317 Supported by Fib ConfluenceThis idea proposes that the ADAUSD pair will experience a retracement up to the 0.317 level, driven by a confluence of Fibonacci levels. The analysis indicates a strong probability of price movement based on two key Fibonacci indicators: the 0.618 retracement level and the 100% fib-extension level of the first wave following a previous market crash.
The Fibonacci retracement level of 0.618 often serves as a significant support or resistance level in financial markets. In this scenario, it is expected to act as a support level, propelling ADAUSD towards a potential retracement. Furthermore, the 100% Fibonacci extension, calculated from the price swing after a crash, adds to the confluence, indicating the likelihood of a meaningful price movement.
Traders and investors are advised to monitor ADAUSD closely as it approaches the 0.317 level, as it presents a potential opportunity for long positions. However, it's crucial to use other technical indicators and risk management strategies to validate and assess the trade before entering any positions. Keep a close eye on price action and consider confirming signals from other technical analysis tools to increase the confidence in this retracement opportunity.
25% profit from ADAUSDT?hello everyone
do you think this flag pattern is right or not?
i think you can make 25% profit from this pisition
make your mind
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ADAUSD | Wave projection | Double combination - Bulltrap D-waveA potential double combination scenario with double zz - X - triangle ABCDE with a false head & shoulders breakout D wave - could retraced as high as 0.786 fibonanci of previous wave and possible E-wave coming for liquidity zone.
A safer long entry @ wave D breakout after liquidity targeting at the next liquidity zone +110%.
Good Luck
ADAUSDTWe are in a correctional area, not a motive rise, and this appears from the shape of the candles that have been moving horizontally for a long time, in addition to that the rise occurred in only three Elliott waves, so more declines are expected
Note: the analysis fails if the price closes in the highest area 0.397 usdt
ADA - CARDANO - in charles we trust ; the neverending story IVADA - CARDANO - in charles we trust ; the neverending story IV
Ok, this ship looks to me to be turning.
its all there on this blessed chart. which i diligently read the tea leaves for you to succeed in this casino.
cardano did 100x+ TWICE. from the same frigin price point in two different cycles. iam pretty sure she goes for a third. does it all play out exactly the same? maybe, prob not, but i bet it will be pretty similar.
key points here;
check that momentum signature at the bottom there. the same shape. same levels basically. maybe we get that second option for another nuke 40% or so but my money (irl) is on that relief bear market pump first. then some black swan to wipe everyone out again and thats when cycle 3 begins.
this will be my last ADA chart for awhile. think ive been over doing it. now we've had some interesting price action it was time to do this last one and sit back and see what happens.
I AM ACCUMULATING
lfg. take me to the promised land charles.
ADA Head & Shoulder PatternHello Guys, Hope you are doing fine.
ADA is making a bearish head and shoulder pattern
We wait for the break-down of the neck-line with high volume for aggressive entry or if with low volume then a conservative entry on retest of the neck-line.
If you like the idea then don't forget to hit the like button and follow for more easy trading setups.
Post your comments below.
Thanks
Cardano non popular chart 💔Update:
Cardano non popular chart 💔
I HODL ADA for long-term
Looking on weekly chart without emotion and bias...
ADA might correct🔻much lower dear Crypto Nation
Even $0.095 or $0.053 would not be the end of future price gains - just Log-Fib
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
CARDANO - Catch This BIG Impulse!Cardano is setting up for a big impulse. We've recently seen the completion of wave 2 correction and broken out of that correction. We are now in bullish waters and seeing a nice deep retracement which is great news for us as we've got the bottom in place. This means the lower it goes, the better.
Trade idea:
- Safe entry on break of red trendline
- Stops below the bottom
- Targets: 1, 3, actively manage rest
Goodluck and as always, trade safe!
ada long waiting signal- NOT TRADING SIGNAL-- remember,
a waiting signal is not a trading execution signal.
a waiting signal is the base, then if, and only if the historical pattern is repeated in real time we execute, other wise, we dont.
my next update will be on wednesday 31 may 2023 at around 7 pm kuwait time.
always remember, that you always want to be in a waiting position, not a trading position.
you always want to be in a position, in which you are waiting in patience for the a historical movement to repeat in real time.
and only if it repeats in real time, we execute.
my secret is:
no waiting signal = no trading.
there must be at least 2 to 3 days waiting time before execution.
Cardano- i read many peoples complain about ADA on Twitter.
- Like the project is bad and going to nowhere.
- As Trader my job is only to do the Math and check pourcentages.
- i care about what peoples speak but i verify and deduct.
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So let me do Little Math for Cardano :
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- in 2018 if u bought ADA at Bottom ( 0.017$) 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 !