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Adausdtrade

ADAUSDT ADA/USDT (D1) Price can be seen forming a falling wedge pattern and approaching a support zone starting from $1.884 to $1.750 where W1 21 EMA alongwith D1 200 EMA are acting as good supports. Currently we can see D1 50 21 and 100 EMAs acting as strong resistances aligning very well with the trendline resistance of the falling wedge which is not a very good sign. A bullish scenario for the price could be flipping the resistance zone starting from $2.150 to $2.320 and holding above it before moving upwards to the next resistance at around the $2.67 level where the ATH resistance also starts. We've to wait for price for a clear move wheather downwards or upwards as currently it is not in a very good state. It still has a strong resistance zone to break through for a bullish scenario.
by Ragabit
ADA/USDT - Potential 49% SetupHello Traders! ADA is finishing the correction. There was formed a "descending wedge" trend continuation pattern on the chart. Purchases can be considered between the price levels of $1.97 - $2.07 It is appropriate to place a stop loss near the price level of $1.67 The targets for buying are at $2.73 and $2.95 Excellent short-term trade with a good risk/profit ratio Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
KRAKEN:ADAUSDLong
by UnknownUnicorn10064030
ADA Lags Recovery To $2.5 Despite Peers Hitting New Milestones Cardano price teeters within a wide range, marked by the 50-day SMA on the upside and the 100-day SMA on the downside. The IOMAP model reveals that ADA sits on robust support while the absence of a massive resistance favors the bulls. Cardano is seen trading at $2.2 on Monday toward the end of the Asian session. The smart contracts token is becoming competitive, biting into Ethereum’s piece of cake alongside Solana. However, its price action continues to be sluggish compared to Ethereum and Bitcoin. Cardano Price Stuck In Wide Range Cardano spears stuck in a wide range, marked by the demand zone in green and the red area in red on the daily chart. Bulls firmly defended the support accentuated by the 100-day Simple Moving Average (SMA), a move that ensured that declines did not stretch to $1.5. The token commenced recovery together with other crypto assets on Friday but lost steam before reaching $2.5. The 50-day SMA added weight to the resistance, cutting short the uptrend eyeing $3. Meanwhile, the Moving Average Convergence Divergence (MACD) highlights a buy signal hints at the trend leaning upward. As the 12-day Exponential Moving Average (SMA) crossed above the 26-day EMA, the odds soared in favor of the bulls. The momentum calculating technical index only needs to rally above the mean line to validate action above $2.5. At the same time, the Relative Strength Index (RSI) confirms that neither buyers nor sellers have the upper hand. This trend following tool also calculates the strength of the bulls and the bears. Currently, the leveling motion implies the prevailing consolidation will last longer. The IOMAP by IntoTheBlock reveals the absence of a robust resistance with the ability to hinder bulls from achieving their goals, at least to $2.5. According to this on-chain metric, the only area of interest runs from $2.22 to $2.28. Here, the slightly more than 101,500 addresses that purchased 2.41 billion ADA will be trying to break even, thus reducing the impact of the buyers. However, if the price slices through, the run-up to $2.5 will be quick. On the downside, Cardano sits on top of robust support spanning from $2.15 to $2.21. Here, around 132,400 addresses previously bought 5.58 billion ADA. It will not be easy for bears to break this support barrier, leaving ADA safely above $2.1.
BINANCE:ADAUSDLong
by CoinGape
2
ADA Buy a break setup.Cardano - Intraday - We look to Buy a break of 2.202 (stop at 2.132) Daily signals are mildly bullish. We are trading at oversold extremes. Posted a Double Bottom formation. A break of bespoke resistance at 2.200, and the move higher is already underway. Although the bears are in control, the stalling negative momentum indicates a possible turnaround is possible. Our profit targets will be 2.398 and 2.448 Resistance: 2.200 / 2.300 / 2.400 Support: 2.100 / 2.000 / 1.900
KRAKEN:ADAUSDLong
by Signal_Centre1
2