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ADABEARUSD trade ideas

Cardano: emerging selling orders ADA had a relatively solid week. Although its price was suppressed to the downside and the lowest weekly level at $0.37, still the coin managed to make another move toward the $0.40 resistance line as of the end of the week. Highest weekly level was $0.41. Still, as of the weekend, selling orders started to emerge, which might impact the price of the coin at the start of the week ahead. Three weeks ago RSI was in overbought territory, so it was expected that the indicator will take the road to the downside. During the previous week, RSI was still weakly holding above the level of 50, with indication that there is no strength for the upside. Positive development is that MA50 continues to diverge from its MA200 counterpart, and supports the Golden cross. After reaching a clear overbought side, ADA entered into a cycle of short reversal. Current charts are indicating lower probability that the coin will be able to clearly break the $0.40 resistance line in the coming week. There is a higher probability that the price will shortly revert to the downside, at least till the $0.37 level, with lower probability that the support line at $0.35 might be tested.
COINBASE:ADAUSD
by XBTFX
Cardano (ADA) to $3.50So many messages on ADA. Buy / Sell?? “I saw you’re short from $3 and dismissed it - he’s mad”, “I saw the 50 cents idea, always spreading FUD” etc etc. lots of anger, lots of emotion. Folks emotion is a money killer. When I publish those short ideas they are not without study. And for free! Is ADA a buy? Of course it is. Why? Real real simple.. On the above 3-day chart the RSI is highlighted with two thick orange lines. You see RSI below 33, it’s a buy. Above 77 (on 3-day chart remember), it is time to consider managing risk. Right now RSI is at the same level as it was in December 2018 around 2-3 cents. This is a fantastic buying opportunity at this time. A buy from 37 cents is amazing if you can get it. On the 3-day ADA / BTC pair (below) a ‘incredible buy’ signal prints within the falling wedge, a breakout would result in a 500% increase. Is it possible price action falls further? For sure. Is it probable? No. Good luck! Ww Type: Trade Risk: <=6% of portfolio Timeframe: 1-4 months Return: 10x
BINANCE:ADAUSDLong
by without_worries
177
Cardano: ending a reversal ?The price of ADA was strongly supported by the news about Milkomeda`s EVM project during the previous period, which pushed the price to the higher grounds and level of $0.46. Still, due to generally negative market sentiment, the price could not hold at this level, so it entered into a bit higher reversal down to $0.37 on Friday. Still, the coin is finishing the week by testing the $0.40 resistance line. Two weeks ago RSI reached a clear overbought side, which was an indication of forthcoming short reversal. Cycle of reaching the oversold side is still not over, as the indicator finished the week around level of 44. On a positive side is that the MA50 is still diverging from its MA200 counterpart and is still supporting the Golden cross. As of the weekend, buying orders emerged, which is generally positive for the coin. It means that the price could be supported at current levels during the week ahead. The market will continue to test the $0.40 resistance line, with lower probability that it might be clearly breached to the upside. On the opposite side, there is a weak probability that $0.35 support might be tested in the week ahead.
COINBASE:ADAUSD
by XBTFX
ADAUSD - Cardano Short-term BEARISHHi guys, i put out an analysis on ADA 4 days ago, wanted to update my analysis with whats developing in the charts as we speak. Lets jump right in with PRICE ACTION ( on daily timeframe) We are currently in the process of breaking this short-term support line #3. Though we have not yet closed below, todays candle which is a relatively large bearish candle with upper wick indicates bearish activity. Lets see what happens end of day. We are also below #4 line, horizontal resistance line that played major resistance. Important to watch how ADA reacts with this line as well. The temporary move above could of been a fakeout and we may need a bit more time to get above. I believe lines # 3 and 4 will be hard to get over. But keep an eye, If this down trend is a fake out. But this scenario is less probably with how our indicators are overbought. I am watching the green horizontal support line without a #. I believe price action to test this level first. But my major area i am watching is line#2 and purple line (200 day moving average) converge. This in my opinion is some major support. We have to see how price action reacts here. I think this move is the move i was expecting from the BEARISH DIVERGENCE. From that, we should look at our indicators and how the move. RSI - We've come down below the yellow moving average. Usually when we are below the yellow line, we are dwn for some time. Watch to see which level it starts creating support. MACD - This is a momentum indicator i use. A cross of blue line below orange is a bearish indicator. Also the histograms when they turn red is a bearish indicator as well. We are currently in the process of a bearish cross with red print. We need to watch this. CONCLUSION: I believe ADA to be moving downwards from the pressure of the Daily BEARISH DIVERGENCE. With indicators showing bearish signs i believe this downward correction to be here for atleast the next couple of days if not a few weeks at most. This is not a bad thing. Overall trend of ADA however is bullish after confirming a breakout of MAJOR DOWNTREND RESISTANCE from all time highs of $3.00. (Look to the chart i posted below for more info). Thanks for tuning in! If you liked this analysis. Please boost and follow! Comment below on your opinions of what you think and let me know if you agree or disagree. I will be continuing to UPDATE about cardano, cryptos and more. Keep an eye out! DISCLAIMER: This is not in anyway financial advise. I am not a financial advisor. EVerything expressed in my posts are my opinion and for educational purpose. Thanks
BITFINEX:ADAUSD
by SafofAllTrades
adA IS BUllISh YESSSSSSSSSSSSSSSTL;DR Synopsis Cardano price analysis reveals a bullish trend, with ADA/USD facing rejection at $0.4478. Support for ADA is present at $0.4296. Cardano price analysis is providing us with strong optimistic signs for the day. The bullish tide has been quite strong, as price levels have been growing at a regular and consistent rate. The price is currently at $0.4402, which is a significant victory for purchasers. More positive movement is predicted as support at $0.4296 is stabilized.] All in all, Cardano price research reveals that the currency has been able to make a strong rebound today and buyers have been successful in pushing prices over $11.4402. However, the bulls must watch for the resistance at $10.4478, which could pose a barrier to further gains. The strong bullish momentum suggests that Cardano's price may rise above the given level if buyers maintain market pressure. dm for more info
KRAKEN:ADAUSDLong
by DEinvestment