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Cardano ADA - The worst altcoin! When next crash? You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year!  Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party.  The market structure is insanely bearish and we have a descending triangle on the daily chart that will break down with a high probability. ADA is going sideways from May 2022, and the buyers are simply not here at this moment. The price is making lower highs and now the price is being compressed in this triangle formation.  Also, we have a massive broadening wedge, so you might want to wait for a breakout before enetering a long position, or you can catch the falling knife exactly at my support level, as you can see on the chart. My Elliott Wave analysis suggests we have an incomplete ABC structure and we should expect 2 more impulsive waves downward, so another 63% crash is definitely possible!  The bears are in power and I would not play with them at all cost. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
65
I expect a major crash in Cardano priceCardano still in this consolidation since May 2022. But, this it's not an accumulation zone, I see that bulls are trying to fight, but bears are taking control into this downtrend. And remember that FED it's very crazy to tight the interest rates and value of U.S. Dollar, what we expect a major crash in ADA. So, I look first that this it's a re-distribution zone where we're in the bear market, and sometimes this look like the end of the bear market. But to know when the bear market ending, it's very necessary to have in mind the macroeconomic and microeconomic aspect to know what happen in the global economy. During the years I found out that cryptocurrencies make their movement what Forex market do, and sometimes as crypto-trader we could to take advantage reading everyday Forex market to take a perspective to trade cryptocurrency very well and choose some pars to trade. But I'm very interesting to learn about this correlation that crypto and forex show. But talking about in weekly timeframe, I expect a crash that could to carry the price to $0.23 cents approx. Also I'm note that Cardano forming a symmetric triangle in Daily timeframe that it's look very interesting to check out. I'm still bearish in weekly timeframe!!!
BINANCE:ADAUSDShort
by harisonhbn9718
3
ADAUSDT - Be Ready for a PARABOLIC AltSeasonHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today’s analysis, a quick look at Cardano / ADAUSDT . Like with most of the crypto markets, there has been a small relief rally / upside correction that balanced out the recently oversold RSI on most charts. By looking at our technical indicators, the upwards price action has been just enough to correct the oversold markets BUT not enough to signal a reversal. We know this, because we have not made a higher high or a clear bottom pattern. Instead, we have made a lower high, got rejected at the local resistance zone and continue to trade downwards. It’s been my opinion that we will see our reversal during Q4, but in which one of the 3 months nobody knows. The good news, is that the end of the bearish market is near and this may be your final chance to accumulate at low prices – it’s a sale ! The good news, is that if you dollar-cost-average these last few range bound downs, you could stand a chance to make a profit of up to 200%, if you are patient enough and set your TP targets. More on dollar Cost Averaging HERE: Also, this is what we’re looking for in a reliable bottom pattern: Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍 _________________ Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities Hit like & Follow We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
20
#Cardano Bulls Upbeat, ADA Prices Could Recover Above $0.50Past Performance of Cardano Cardano prices rose on September 7, bouncing back after posting sharp losses on Tuesday. Currently, ADA prices may likely recover because of fundamental factors, allowing traders to double down and reversing the losses of September 6. As per the formation in the daily chart, traders may watch out for how prices react at $0.50, marking last week's high. Any surge breaking sellers' resilience could be the base for a leg up towards August 2022 highs. #Cardano Technical Analysis Moving forward, ADA may find support and print higher towards August 2022 highs because of optimism surrounding Vasil. Nonetheless, whether there is demand and determination from Cardano traders depends on whether ADA bulls soar above $0.50, nullifying the three-bar bear formation of September 4 through to 6. Any reversal below $0.45 may quickly dent bulls' hopes, allowing the coin to drop back to July 2022 lows at around $0.42. Conversely, if buyers build on September 7 gains, a break above $0.50 will allow traders to redouble, targeting $0.60. What to Expect from #ADA? Traders are upbeat, but bear pressure will be diminished if prices surge above $0.50, adding to the gains of September 6. If not, losses below $0.45 will align the dominant trend with losses of September 6 in a bear continuation formation. Resistance level to watch out for: $0.50 Support level to watch out for: $0.45 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Cardano (ADA) - September 8Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ADAUSDT 1W Chart) The key is whether you can climb to the 0.5184-0.6834 section. (1D chart) Primary resistance: 0.5184-0.5516 Secondary resistance: 0.6834 Support: 0.4591-0.4893 If resistance is found at 0.4591, it could fall to the 0.3321-0.3974 section, so countermeasures are needed. The 0.5184-0.6834 interval is the interval that determines the trend. Therefore, a full-fledged uptrend should rise above 0.6834. ------------------------------------------------- - The section that determines the trend is the section where support and resistance play a strong role. Therefore, you should be cautious when trading when you are approaching a trend-determining interval. This is because you may be able to buy at the high point. Therefore, the section 0.4591-0.4893, which is the current location, is a section where only those who have already invested should respond. If you bought in the current segment, a short-term response is required. A new buy is when you see support at the 0.3321-0.3974 range or when you see support at 0.6834 or higher. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
ADAUSD H4: 65% gains XABCD best level to BUY(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! ADAUSD H4: 65% gains XABCD best level to BUY(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. IMPORTANT NOTE: always do your own due dill. not financial advice. 🔸 Summary and potential trade setup ::: ADAUSD H4/candle chart review ::: new setup based on XABCD patter ::: still great setup for 65% gains ::: updated / revised / more realistic scenario ::: expecting final pullback after point C ::: point C at 55 cents - pullback do not buy now ::: at point D / so it's cycle low soon after pullback ::: speculative XABCD setup in progress ::: BULLS BUY C 38c / after correction ::: from my level TP +65% gains ::: this is BUY/HOLD setup ::: patient traders only ::: not for gamblers ::: SPECULATIVE SETUP ::: do your own due dill ::: and use proper risk management ::: TP bulls is +65% gains USD ::: details: see chart ::: FINAL TP +65% gains 65 cents ::: recommended strategy: BUY/HOLD ::: SWING TRADE: BUY/HOLD IT 38 cents ::: final TP BULLS is 65 cents ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS/PUMP/point D ::: Sentiment short-term: BEARS/PULLBACK/point C RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:ADAUSDLong
by ProjectSyndicate
14
Which a way, ADA Elliott waveA couple ways to play this, but here are some possibilities I am keeping an eye on. Some times, planning ahead and waiting for the market to reveal itself, give your projected count some love, is a good way to build confidence in a count variant if you have some uncertainty. Here I am looking for an impulse up, if it heads down from here Id go with a barrier triangle B. If an impulse up completes, I would look for a Wave 3/C set up for a short. The chart is displaying the most conservative count Im not calling a pivot here, if the fork hype gets this potential Wave 3 going, everything gets adjusted. If this helps please boost and follow me! Cheers!
by CryptoKnee
ADA Cardano: Concerning Signs AheadHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Cardano (ADAUSD). The chart is self-explanatory. With the crypto market going through a correction, Cardano may still have downside to go. See where I believe there may be strong support and possible bottom. Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI, Fibonacci Retracement and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:ADAUSD
by MillionaireEconomics
4