ADA - 4h - Accumulation RangeADA - 4h - Accumulation Range
REMEMBER that a lot of investors sell stocks or crypto for fiscal conditions in 2024 to close the year.
For that, we have low buy liquidity , and even with that pressure on the price , ADA is trying to remaning in the same range as 1 week ago, so a breakout can restart a new HH , so patience.
Im bullish on it if the 1usd resistance its broken and became a support.
ADAUSDT.P trade ideas
aily Momentum and🔍 If further declines occur, breaking $0.3002 would be a suitable trigger. For confirmation of bullish trends, breaking $0.3551 is appropriate, but I will discuss these triggers more in the 4-hour analysis.
📊 The volume for this coin is generally low, which, as you can see, creates many shadows making futures trading challenging. Currently, the volume is also gradually decreasing.
further drawdown before MAJOR RallyADA is currently showing weakness in line with broader market trends, with a key support level at 0.769. Cardano appears to be nearing the completion of Wave B, with expectations of a significant Wave C forming.
Historically, ADA has found support at the 0.50 Fibonacci retracement, often followed by a recovery after rejection. If the price fails to maintain this support, further downside to the 0.618 Fibonacci retracement around 0.66 is anticipated. A breach below this level could indicate considerable bearish momentum.
Looking ahead, these levels are expected to persist into the new year, with a potential test of support around January 3rd. If the bulls successfully defend these levels, ADA could see a robust bounce, targeting the 1.75–1.95 range as momentum builds heading into the inauguration period.
not financial advice
Further downside before Major Rally ADAUSDT is currently showing weakness in line with broader market trends, with a key support level at 0.76. Cardano appears to be nearing the completion of Wave B, with expectations of a significant Wave C forming.
Historically, ADA has found support at the 0.50 Fibonacci retracement (.76), often followed by a recovery after rejection. If the price fails to maintain this support, further downside to the 0.618 Fibonacci retracement around 0.66 is anticipated. A breach below this level could indicate considerable bearish momentum.
Looking ahead, these levels are expected to persist into the new year, with a potential test of support around January 3rd. If the bulls successfully defend these levels, ADA could see a robust bounce, targeting the 1.75–1.95 range as momentum builds heading into the inauguration period.
ADA/USD on high timeframe
"Regarding ADA, as anticipated in the previous analysis, the price broke through the $0.75 zone and experienced a sharp rejection. I foresee the price reaching a new higher high at $1.50. However, if the price closes below $0.70 on the high timeframe, this analysis may prove to be incorrect.
I came back with ADA
**🔴 Cycles Analysis for BINANCE:ADAUSDT **
1. **Cycles Overview:**
- **HWC (Higher-Wave Cycle):** Price is range-bound (fluctuating within a specific range) with no clear direction.
- **MWC (Medium-Wave Cycle):** Downtrend. Therefore, the likelihood of continued downward movement is higher.
- **LWC (Lower-Wave Cycle):** Range-bound movement.
- **Conclusion:** A slight bearish tendency due to overall cycle dynamics.
---
**🔍 Key Breakout Strategy:**
My goal is to identify price interactions with resistance and trend lines. Observing these areas helps:
1. **Likelihood of Breakout:** Determine which levels are more likely to break.
2. **Buyer and Seller Strength:** Analyze which group (buyers or sellers) holds more power.
For beginners: a breakout refers to a price moving outside a defined support or resistance level, often signaling a strong directional move.
---
**💎 Long Position Setup:**
- **Trend Line Analysis:**
- The trend line has multiple touches, increasing the probability of a breakout.
- In the **15-minute timeframe**, a decline in volume (a decrease in the number of trades) was observed as the price approached the trend line, indicating potential weakness.
- **Key Considerations:**
- Keep the cycles in mind! Given the slight bearish tendency, opening a long position carries higher risk. Ensure proper risk management.
---
**🔻 Short Position Setup:**
- **Key Resistance Level:** $0.8587.
- **Wait and Observe:** Allow the price to test this level to assess its reaction. Watch for:
- Volume spikes, which might indicate a price rejection (when sellers overpower buyers at a certain level).
- Confirmation of selling pressure to initiate a short position.
---
**🛑 Risk Management Reminder:**
Capital management is the cornerstone of trading success and survival. Reduce risk when market conditions are uncertain, and always adapt your strategy to the current market environment.
---
**✨ Final Thoughts:**
This analysis highlights the importance of understanding cycles, volume trends, and price action at key levels. If the price breaks above $0.8587, it could signal a bullish reversal, while rejection at this level may confirm continued bearish pressure.
📢 **Do you agree with this analysis? Share your thoughts or let me know if there’s a specific coin you’d like me to analyze next!** 🪯
Diving into ADA: Profits, Sharks, and Technical Targets!Hello community,
The ADA coin has gone through various phases. Initially, whales accumulated below 0.4 USDT for an extended period 🐋. However, after the price surged by 250%, a correction became expected as investors sought to capitalize on their profits 💰. Notably, the key level between USDT is significant due to the presence of sharks 🦈, who are intermediate-term investors. Their strategies rely on real volume profiles , which are not commonly discussed on media platforms like YouTube or Instagram, as they necessitate data analytics and volume studies 📈. The technical price objectives are depicted in the chart 📊.
The first objective stands around 1.14 USDT, reflecting a 150% profit for sharks🦈
The second objective is at 1.6 USDT, indicating a 600% profit for whales 🐳
However, it's crucial to note that these objectives are based on technical analysis and may change depending on market conditions 📉📈.
🚨 Attention Traders: Beware of Imitations!
It's come to my notice that many are adopting my ideas and even discussing them on their channels. But here's the deal: stick with me for the real deal, no services for sale! Boost to encourage more unique insights and ideas to flow. Together, we can navigate the markets with authenticity and success! 💡💪
Happy trading !
ADAUSDT: Trend in daily time frameThe condition of Cardano (ADA) coin is very sensitive and in case of further correction of Bitcoin and reaching the retest area, this condition and trend can be considered for Cardano.
Anyway, the color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
Be careful
BEST
MT
ADA Analysis: Key Levels and Trend Outlook 2024.12.28Hello, this is Greedy All-Day.
Today’s analysis focuses on ADA (Cardano).
Weekly Chart Analysis
Looking at the weekly chart, ADA is currently within the green box frame.
However, unlike the past, where the price oscillated within a box range with alternating bullish and bearish candles, the current zone has seen three consecutive bearish weeks, signaling persistent selling pressure.
Key Support Zone: Red Box
The red box represents the resistance level from 2022 before the breakout. It is now acting as a support zone under test.
If the support holds: ADA may follow a similar range-bound movement as seen in the green box on the left.
If the support fails: ADA is likely to drop further into the yellow box zone.
Breakdown Scenario:
If the yellow box support also fails, ADA may enter the blue box frame, with the potential to decline to as low as 0.216.
Daily Chart Analysis
The daily chart reveals several bearish patterns:
Head & Shoulders (H&S) pattern is complete.
Descending Triangle pattern is also complete.
Key Observation:
ADA is currently holding the 0.87 support level.
However, if the price breaks below the Ichimoku Cloud on the daily chart, the bearish patterns suggest a significant loss of buying momentum and a potential shift to selling pressure.
Target:
If the bearish scenario unfolds, the expected sell-off could lead to a 51% decline, with the price first testing the yellow box zone.
Additional downside potential will depend on whether support emerges in the yellow box zone.
4-Hour Chart Analysis
The 4-hour chart confirms that ADA has broken its short-term trendline, indicating a definitive shift in momentum.
Buying pressure appears to have dissipated, suggesting that the bullish trend is effectively over for now.
Upside Potential:
For ADA to regain bullish momentum, it would need to climb back above $1.00.
Until that happens, the market should be approached with a sell-oriented perspective.
Conclusion
ADA is currently in a bearish trend, with critical support levels being tested.
If 0.87 support holds, a temporary range-bound movement may occur.
If it breaks, ADA could fall to the yellow box zone or even enter the blue box frame, with a potential low of 0.216.
For now, a sell perspective is more appropriate, with cautious monitoring of the $1.00 level for potential signs of recovery.
Trade wisely, and best of luck! 🚀
Be careful with ADAUSDT !!!After breaking the descending wedge, the price fell to the support line. As you can see, the price has now formed an ascending wedge, which is promising. The price could rise to $1.07 after breaking this wedge, but considering the Christmas holidays, this might take a bit longer.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TradeCityPro | Cardano : On the Way to a New ATH👋 Welcome to TradeCityPro!
In this analysis, I will review the ADA coin for you. The Cardano project is one of the major projects in the crypto space and has been among the top 10 coins by market cap for a long time.
📅 Weekly Timeframe: Moving Towards ATH
In recent weeks, ADA has shown a strong upward trend, forming significant lows that serve as support levels for the price.
📈 Currently, the price is struggling with the resistance level at 1.2046, and if this level is broken, the next major resistance will be the ATH.
🧩 The RSI oscillator entered the overbought zone during the price pump, reaching 82.87, and is now in a corrective phase, moving below the overbought level.
📊 The buying volume in recent candles has been substantial, supporting the trend and showing convergence.
🔽 In case of a correction, the first support level is at 0.7683, which the price has already reacted to once. If a deeper correction occurs, the last support for this bullish leg is at 0.4322.
✅ The primary support levels are 0.3166 and 0.2427, which are critical and unlikely to be easily lost.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ADA. Spot Entry Alert: Perfect Fibonacci Reversal! 12/24/24BINANCE:ADAUSDT
The market experienced a pullback, with the price returning to the lower boundary of the range. After breaking its support, it moved to a high-volume level, where strong buyers were present. Additionally, a proper Fibonacci correction was achieved, which might signal a potential reversal and an attractive spot entry point.
The $0.9388–$0.9088 range appears appealing for purchases, with targets at $1.2350–$1.3264.
DYOR.
Ada the fastest blockchain in the world.Ada recently demonstrated a whopping 1 million TPS. I’ve always been a fan of Cardano for its reliability. With unlimited potential and adoption Ada can see a significant rise against usd in the coming years. I don’t believe in EOY predictions simply because manny obstacles stand in the way of crypto adoption. DYOR!
