Higher low spotted#ADA has recently established a higher low, holding strong at 0.34. We're now waiting for a breakout above 0.40 to signal a potential trend reversal.
ADAUSDT.3S trade ideas
Cardano Faces Resistance, Will It Follow Bitcoin?Today we saw Bitcoin producing a strong move upward. Is this move a bull-trap or the start of a major bullish wave?
When Bitcoin goes bullish, the Altcoins turn bullish.
If Bitcoin is set to move up for weeks and months and hit a new All-Time High, the Altcoins market, projects such as Cardano, would respond with maximum bullish momentum and growth. Maximum growth is not present on this chart.
Cardano (ADAUSDT) is right now facing resistance below EMA144 as the day turns red. Trading volume is really low and there is no significant bullish action.
We saw something similar with XRPUSDT, PEPEUSDT, SOLUSDT, TRXUSDT, TONUSDT and other major Cryptocurrency trading pairs.
If Bitcoin was set to hit a new All-Time High next, we would see these pairs breaking resistance and closing full green. Seeing these pairs producing a red candle today with no volume is a warning signal.
Bitcoin can be producing a bull-trap, a false breakout before one major drop. This is revealed by the fact that the Altcoins market is not responding to Bitcoin's growth.
Cardano seems bearish below resistance.
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Ada / Usdt BINANCE:ADAUSDT
In the ever-evolving world of cryptocurrencies, Cardano (ADA) found itself at a pivotal juncture. Traders were keenly watching as ADA respected its support level around 0.3454, a vital threshold that suggested a strong underlying interest.
As the price oscillated, the next resistance level loomed at 0.3654. If ADA could break through this barrier, it could ignite a rally toward the next targets at 0.3893 and even 0.4200.
But the market is full of surprises. If ADA failed to hold its support, traders were aware of the potential risks.
As always, the community reminded each other: “This is not financial advice; make sure to do your own research and tread carefully.”
And so, the journey of ADA continued, filled with hope and uncertainty in the dynamic realm of crypto trading.
Remember, this is not financial advice. Always do your own research before making any investment decisions!
adausdt buy signalAccording to the movements of smart money, there is a very good possibility of increase
***Please consider investment management in this case, thank you***
ENTRY:0.3560
ST:0.2140
TP:1
R/R=6
$ADA cardano ! CRYPTOCAP:ADA is forming a bullish pattern
but this pattern must be completed.
im waiting for the pattern to from.
thnak you for visiting
Cardano (ADA): Possible Move To Liquidity’s Zone Cardano has multiple nice touches to EMAs on the daily timeframe, where we are looking now for a possible further pressure from sellers, which would result in a movement to the zone of liquidity.
This will be our gameplan for Cardano coin until we remain below 200EMA.
Swallow Team
Maintaining The Position Above The TrendlineCardano (ADA) is currently maintaining its position above the trendline, showing signs of bullish momentum. The price has successfully closed above the previous resistance level of $0.3528, which is a positive indication of potential upward movement. Given the clean price action to the left, there is a possibility for a short-term rally towards the next key resistance area at $0.3700. If this level is tested and broken, it could pave the way for further bullish moves in the near future.
ADAUSDT is about to come down side nowADAUSDT is about to come down side now
ADAUSDT is about to come down side from the bearish order block. There is high probability that the price will come down. open sell position immediately.
BULLISH ORDER BLOCK :- 0.3362 AND 0.3314
BEARISH ORDER BLOCK :- 0.3569 AND 0.3543
i have analyzed the chart using SMC. My analysis shows that :-
ENTRY POINT :-0.3528
TAKE PROFIT :- 0.3454
STOP LOSS :-0.3602
ADA bbuy💹 ADA/USDT Price Action Analysis 🔍
🔻 Sell Signal:
Entry: $0.3578
Stop Loss: $0.3710
Target 1: $0.3486
Target 2: $0.3442
📉 Price approaching resistance zone (0.367 - 0.371). Watch for potential reversal patterns for a sell opportunity. 🚨
🔺 Buy Signal:
Entry: $0.3442
Stop Loss: $0.3373
Target 1: $0.3486
Target 2: $0.3578
📈 Strong support near $0.341. Looking for bullish reversal to confirm long entry. 👀
ADA DesfrostAfter a period of stagnation, the ADA cryptocurrency has remained relatively frozen. Could we foresee an algorithmic rebalancing to purge selling pressure, thereby maintaining market efficiency?"
This concept refers to the possibility of using automated algorithms to adjust the market and reduce excess selling activity, which could help stabilize or improve the price by aligning it with natural demand and supply dynamics. Algorithmic rebalancing typically involves automatic adjustments that help prevent over-saturation of the market with sell orders, maintaining liquidity and price efficiency.
down or up?🫡As always, I start with cycles to figure out what position to take
We do not have a particular trend in HWC, MWC is decreasing and LWC is also decreasing.
So I am looking for a short position
We should pay attention to these points that if 0.4014 is HIGH and 0.3327 is LOW, then if the LOW is broken, we can get this HIGHLOW confirmation information based on the DOW. We also have a trend line. If we see weakness in reaction to the trend line, we can take a short position by breaking the trend line🧐
⚠️Do capital management⚠️
ada weeklyI believe the weekly trend is descending. if it losses the support created by candle 05 aug 2024 it will go to the next support at the price range 0.22 and 0.26
ADA → Bearish Pressure !!!The price is forming a descending head and shoulders pattern, indicating a lack of liquidity in this time frame. If the price follows this pattern, it could drop to around 30 cents.
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Best regards CobraVanguard .💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Cardano: Crash Ahead? Prepare for a Potential 20%+ Downside!Hey Realistic Traders, let’s dive into the analysis of BINANCE:ADAUSDT
On the daily chart, Cardano continues to struggle below the critical EMA200, signaling a persistent bearish bias. Even more telling, the price has repeatedly respected the bearish trendline, underscoring the strength of this downtrend.
To make matters worse, we've seen a breakout from two major bearish formations: the Rising Wedge and the Ascending Broadening Wedge. Both patterns point to a continuation of the downward spiral. Adding fuel to the fire, the MACD has made a clear bearish crossover, confirming that the bears are firmly in control.
Based on these signals, we anticipate a sharp drop toward the first target at 0.2753. After that, a brief pullback could bring prices back into the green zone before heading even lower to the second target at 0.2384.
This technical outlook remains valid as long as the price stays above the support area at 0.4158.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Cardano.
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SasanSeifi|Will the 0.30 Cent Level Hold?Hey there, ✌ BINANCE:ADAUSDT In the daily timeframe, as observed, the price followed a downward trend from the 0.80 cent range, extending the correction down to 0.30 cents. Afterward, the price entered a consolidation phase within the 0.30 cent range, which has since been maintained. Currently, we’re seeing a breakout of the long-term descending trend line, and the price is trading around the 0.35 cent level.
The scenario we can consider in the daily timeframe is that, given the preservation of the demand zone and after accumulating liquidity, the price could see an upward movement towards the target of 0.39 cents and the supply zone in the 0.42 cent range. To confirm further upward movement, we need to observe the price’s reaction to these zones. (For a continuation of the uptrend and reaching the 0.50 cent target, the supply zone needs to be broken, with the price stabilizing above it.)
On the other hand, if the price falls below the 0.30 cent range after a consolidation phase and stabilizes, the probability of further correction increases.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Short the trashADA is trash, one of the most hated and underused crypto on the whole ecosystem.
Needs to be repriced to 0 in my estimation.
