A lot of money needed for this to move though 😊Here we have 2 possible scenarios! I see Cardano trying to break out from the triangle pattern however it needs to be a big breakout and we don't see that yet except for 15min TF. Still not enough of a confirmation, breakout then re-test of trendline before kicking off. I think it would go up that much but good enough for a small scalp trade in the lower timeframes. A lot of money is needed for Cardano to move strongly and it's been going down consistently for a long time so I advise manage risk properly. We could potentially see a down move as well if it fails to breakout any higher and that would mean a continuation of the juggernaut downtrend we've always been into lol... which makes sense being an overall bear market.
Cardano
Ichimoku Analysis for ADAIf you are long than hope for this bullish kumo crossover to help you get around 15% profit.
ETH VS ADAInteresting price action here, ADA looking bullish against ETH. If we see a breakdown from the ascending wedge pattern.
Worth keeping an eye on this pattern. Look for weekly confirmation!
✴️ Cardano New 200 Days HighYesterday ADAUSDT hit its highest price in 200 days as it launched a new open source tool to develop smart contracts on Cardano, Aiken.
The chart continues to look pretty good...
What one does, the rest follows!
Cardano hit bottom late Dec. 2022 and started the year with a bang, same as the rest of the Altcoins market.
After peaking in February a strong correction took place which is normal after a period of sustained growth.
This correction ended mid March, the 10th of March to be exact, in a higher low.
Now we are witnessing the resumption of the bullish trend.
This is something we have been tracking/expecting and it is likely that additional growth will follow in the coming days.
Namaste.
ADAUSD cardano big Pump?hello everyone... alot of whales are jumping in the cardano lately... and recently the price has broken through main resistance level will it pull back? at this point chances are very slim since its heating up with investors.. as long bitcoin remains bullish to reach its highest at 32k.. most likely cardano will each it's highest at 0.60
in 4hr timeframe support are 0.44 and 0.42 it can likely test back to..
this is an update to my previous analysis...
good luck to all investor...
Trading Idea on ADA/USDBINANCE:ADAUSD
Based on the technical analysis of Cardano (ADA/USD) on the daily timeframe, a potential cryptocurrency trading idea could be to buy ADA/USD at the current price of 0.450, with a stop-loss order set at 0.400 and a target price of 0.600.
The rationale behind this trade idea is based on the recent bullish trend of ADA/USD, which has been trading above its 50-day and 200-day moving averages. This indicates a potential upward momentum in the price of ADA/USD, which could be a profitable opportunity for traders.
Furthermore, Cardano has been making significant progress in terms of development and adoption, which could further increase the demand for ADA in the long run. This is evidenced by the recent partnerships and collaborations announced by Cardano, as well as the growing number of users and developers joining the Cardano ecosystem.
However, as with any investment, there is no guarantee of future returns, and investors should always conduct their own research and seek professional advice before making any trading decisions. It is important to monitor the price movement closely and adjust the stop-loss order accordingly to manage risk effectively.
ADA possible movement currently ada is a weekly key level... if it flips the level I'm super bullish and ada might move up 20%+
Ada still think its Cardano's turn for a impulse higher . aiming for the current .618
Prevailingnine 4.12.23
✳️ Double Bullish Divergence & Volume Confirms Reversal | ADABTCCardano bottomed 20-March vs Bitcoin and this can be confirmed through multiple chart signals.
Feel free to boost and let's dive in.
First, we have a double bullish divergence, classic, plain and simple.
We can see Cardano (ADABTC) printing a long-term lower low between March 2023 and May 2022.
The MACD on the other hand printed a long-term higher low in this same time window:
The RSI's bullish divergence is younger but still valid and strong, March 2023 vs Dec. 2022:
The signal is still valid and good.
Next, for a low/support confirmation is the volume signal.
We have high volume May 2022, just check the volume line/bar on this date on the chart.
March 2023 as a new 10 months low is hit, no volume/low volume.
A new low with no volume signals that this move is either weak, already over or just the market looking for liquidity rather than a trend continuation move.
With all this said, there can still be more correction but this is a low probability scenario.
A new low can be hit with the same conditions described now because it is still early on the bounce and no volume on the way up.
Now, looking at the other Altcoins, such as XRPBTC and SXPBTC, we see the reversal is already taking place.
Thank you for your continued support.
Namaste.
🔥 Cardano Bullish Channel: Slowly Grinding Up!ADA has been trading inside this bullish channel for nearly three weeks now. I'm anticipating that it will continue to do so in the near future.
I'm looking for a move towards the bottom support area of the channel before considering an entry. Target is the top of the channel.
ADA/USDT Technical Analysis Update: Bullish Breakout Potential &ADA/USDT Technical Analysis: Potential Bullish Breakout in Sight
Cardano (ADA) is currently trading at $0.41, showing a 39% increase from its recent bottom. In this technical analysis, we will discuss the potential for a bullish breakout in ADA/USDT and the target price if it occurs.
White Neck Line Resistance
Left Shoulder, Head, and Right Shoulder Formation
Potential Target Price
Stop Loss
Conclusion
Inverse Head & Shoulder White Neck Line Resistance:
The current price of ADA/USDT is testing the white neck line resistance, which, if broken, could trigger a bullish breakout. Therefore, traders and investors should keep an eye closely on the current price level and monitor the price action closely.
Left Shoulder, Head, and Right Shoulder Formation:
The left shoulder, head, and right shoulder formation is a well-known technical pattern used by traders to identify potential trend reversals. In the case of ADA/USDT, the pattern has already formed perfectly, with the current price level testing the white neck line resistance.
Potential Target Price:
If the breakout occurs, the potential target price for ADA/USDT is $0.73, which is a 76% increase from the breakout level. However, it is important to note that this is not a guaranteed outcome, and the price may fluctuate depending on various factors.
Stop Loss:
To mitigate potential losses, traders should place a stop loss below the neck line support. This will limit the downside risk in case the breakout does not occur or the price reverses.
Conclusion:
In conclusion, the current price level of ADA/USDT is testing the white neck line resistance, and a bullish breakout may occur soon. However, traders and investors should do their own research and analysis before investing in any cryptocurrency. Technical analysis is just one tool that can be used to make informed investment decisions.
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ADA Cardono / USDT LongADA is approaching an important resistance zone, most likely we will be able to make a momentum and break this level, the target for me will be 66 cents.
Not a financial recommendation.
Do your own research.
✅ADA is expected to move to 0.7$ADA has created an Inverse head and shoulder pattern which means that the price shall increase as much as the measured price movement (AB=CD).the break out is about to occur so stay tuned for a sharp bullish movement. The resistance for this movement sits around 0.7
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
ADAUSDT BULLISH CHART PATTERNADAUSDT chart seems confirm inverse head and shoulder pattern.
in my opinion $0.6 is inevitable #DYOR
Cardano ADA Price Targets after the Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Cardano ADA:
ADA/USDT short
Entry Range: $0.38 - 0.41
Take Profit 1: $0.34
Take Profit 2: $0.28
Take Profit 3: $0.24
Stop Loss: $0.44
ADAUSDT - All targets have been achievedAdhering to my plan and review of this altcoin, the executed position brings a result of 144% ROE on 20x leverage
Thank you all for your support, we will continue to search for other positions
ADAUSDT - trying to open LONG
Cardano broke out of the Falling Flag and showing upside to 0.42Falling Flag formed on Cardano after the extended upside trendline.
It's broken up and is showing strong buying to the next target of 0.4201
7>21>200 - Bullish
RSI>50
Sell Side Liquidity Order Block where Smart Money is sweeping all the selling and buying into it...
BITO ProShares Bitcoin Strategy ETFBITO on resistance line too.
Will be BTC can stay and higher than $30k ?
MIL:BTC #btcshort
✴️ Cardano Massive Growth Potential Intact... Prepare!Both Ethereum (ETHUSDT) and Bitcoin (BTCUSD) hit a new high recently... Cardano will not stay behind, mark my words.
Cardano (ADAUSDT) and the rest of the Cryptocurrency market is set to follow... It is set for astonishing growth.
The next target we are aiming above $0.5555 but this is only the end of the third wave, remember that the complete pattern is 5 waves, the bulls are only getting started.
Namaste.
🔥ONE MORE PULLBACK TO PUMP CARDANO ABOVE HIGHS: THE 3 TARGETS!🔥Hi, friends! Cardano like most of altcoins follows the BTC. I expect one more BTC pullback, so ADA can go lower too. I think that Cardano will pump by +20% at least.
📊 TRADING PLAN FOR ADA:
1. pullback to $0.345-0.3 value area
2. volume growth confirms that the bottom reached
3. bullish BTC
🚩 One more scenario is a pullback below to the $0.32-0.33 value area. It's a deeper pullback that will take the most long traders sl out.
✅ THE MAIN TARGETS FOR ADA:
🔥 $0.42 - the key level and local high
🔥 $0.44 - the key level
🔥 $0.50 - the key level and even number
Traders, what is your favorite altcoin to trade? Which altcoin should I pay attention to? Write in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
ADA Breakout possible, TriangleCurrently, ADA is displaying a triangle pattern, indicating an upcoming breakout. However, given the fundamental background, the likelihood of a downside breakout is higher, particularly as the price approaches the 0.786 level.
Notably, the 0.34 area has seen significant buying interest, suggesting that this may be the target if ADA does break the trendline and FIB level to the downside, as supported by volume data.
