ADAUSDT-Bearish TrendAfter posting recent high 0.68, a strong bearish divergence appeared on daily timeframe. if it breaks recent LL, seller will be in control and move the price further down.
ADAUSDT.PS trade ideas
#ADAUSDTCardano analysis of the 4-hour time frame
The price is now 0.516 dollars. Considering the price support in the Fibonacci area of 618 and the price reversal, it is expected that target 1 will be touched easily with a profit of 5%, and if the resistance of 0.54 is broken, we will see target 2 being touched.
Pay attention to the Fibonacci sub-zone, which in case of failure, we will have a fall to the accumulation zone.
Technical analyst: Amir Hassan Salek
ADA USDT PERPHello Trader BINANCE:ADAUSDT.P
enough to make a wonder for the chart there are many liquidation areas. so to minimize this loss mapping for SPOT only can be in installments /ca area 0.3948 - 0.3746 because the area is the strongest support among previous supports. but if you want to short the area there is also for now, it's okay.
Please add a comment and Positive feedback and
constructive criticism are important to authors and the
community.
Disclamer: Not Financial Advice
#ADAIn the supply area, it has entered the corrective phase with a retest, which can return up to 100% of the wave. Currently, if there is a negative reaction to the second box, it will turn red until the specified areas enter the sell position. In addition, this analysis will be invalidated if the upper red box of the bullish candle closes.
💎 ADA/USDT - Bullish Target Reached, What's NXT? (READ CAPTION)By checking the Cardano chart in the weekly time frame, we can see that the price entered the specified supply range based on our analysis and started to fall from 0.6140 and fell to 0.4866! This fall will continue if we stabilize the weekly candle below the price of 0.4650, in which case we can expect more fall from Cardano! Otherwise, targets above 1 dollar are not far from expected!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
ADA will be finished corection waveADA will be finished corection wave RR looked wery nice we will doing LONG position. :)
adausdt The best buying range is in the block order rangeBINANCE:ADAUSDT
The best buying range is in the Order Block range
Cardano: Resistance, Fibonacci Levels, and Potential BreakoutsCardano (ADAUSDT) has been a standout in the ever-evolving world of digital assets over the last several years. As I dig into its current analysis, we'll focus on key Fibonacci levels, resistance points, and potential breakout scenarios based on recent price movements. The insights discussed here should help you better understand the current state of ADA's market.
Fibonacci Levels and Resistance
One of the fundamental tools in technical analysis is the Fibonacci retracement, which helps identify potential support and resistance levels based on key price swings. In the context of Cardano's recent price action, we'll analyze the Fibonacci pull from the high to the low in June 2023.
1. Resistance at Around 60 Cents : Based on the Fibonacci retracement, there's significant resistance at approximately 60 cents. This level aligns closely with the 200-weekly moving average (200EMA), which often serves as a strong indicator of long-term support or resistance. A breach above 60 cents could signal a notable bullish breakout.
2. Confluence of Resistance : At present, Cardano faces multiple layers of resistance. These include the 200EMA, the 200-simple moving average (200SMA), and a downtrend resistance line, marked in orange on the chart. Such confluence of resistance levels often creates a formidable barrier for price appreciation. Overcoming these resistance zones will be a critical test for ADA's bullish potential.
Potential Breakout Scenarios
Cardano's price action, like many other altcoins, is influenced by broader market dynamics, especially the performance of Bitcoin (BTC). Here are potential breakout scenarios to consider:
1. Breaking 32 Cents : A breakout above 32 cents could pave the way for further gains, with 43 cents becoming a likely target. However, it's important to monitor the stability of this breakout, as a swift reversal could lead to renewed bearish sentiment.
2. Challenging 43 Cents : If Cardano manages to breach the 43-cent resistance level and hold it, this could indicate a stronger bullish momentum. At this point, reaching the crucial 60-cent mark becomes a more likely scenario, as overcoming 43 cents often acts as a catalyst for further gains.
3. Cautious Optimism : While a potential move to 60 cents is on the radar, it's prudent to exercise caution before speculating on higher targets like 82 cents. Market dynamics can change rapidly, and the cryptocurrency space is known for its volatility. Keeping a close eye on price movements, market sentiment, and broader economic factors is essential.
---
Cardano's technical analysis reveals a dynamic landscape with significant resistance levels, particularly around 60 cents, where the Fibonacci retracement and the weekly 200EMA intersect. ADA's ability to overcome these hurdles will be closely watched.
The cryptocurrency market is highly influenced by Bitcoin's performance, and any developments in BTC could have ripple effects on ADA's price. As you navigate this space, it's crucial to remain adaptable, conduct thorough research, and have a well-defined risk management strategy in place.
While the prospect of reaching 82 cents may seem distant for now, market conditions can change rapidly, and Cardano's journey continues to be one worth monitoring closely. Stay informed and prepared for potential breakout opportunities, all while keeping an eye on the ever-evolving cryptocurrency landscape.
Upcoming stablecoin launchThe wait for a fiat-supported stablecoin on the Cardano network appears to be over soon. Mehen, the publisher of USDM stablecoin, recently revealed that a limited mainnet launch will take place on March 16. This could be an important step for Cardano in 2024.
ADA Faces ☁️ & Downside Risks in the Next 7 Days Despite Cardano leading in code commits over the past year, surpassing Ethereum, Polkadot, and the BNB network, the current scenario appears grim.
Daily active addresses on Cardano have recently plummeted, accompanied by a decline in daily transactions on the network.
ATTMO predicts overcast conditions ☁️ and a bearish trend for Cardano CRYPTOCAP:ADA in the upcoming 24 hours.
The likelihood of this trend persisting for the next 3 & 7 days suggests an extended downside potential for the coin.
Follow us for more crypto weather reports!
CARDANO|Price return from important resistance areaCardano failed to break the last high, and the resistance zone did its job well, preventing the price from growing further.
With the return of the price, we see the formation of a double-top pattern. If the selling pressure is to the extent that it breaks the support area downwards and confirms the price pattern, we expect the price to experience the price area of 0.4425 and then the price of 0.3877.
Upcoming stablecoin launchThe wait for a fiat-supported stablecoin on the Cardano network appears to be over soon. Mehen, the publisher of USDM stablecoin, recently revealed that a limited mainnet launch will take place on March 16. This could be an important step for Cardano in 2024.
Ada sitting on support. What's next?From mid-October to December, BINANCE:ADAUSDT experienced a remarkable rally, surging by approximately 250%. However, after two unsuccessful attempts to surpass 0.7 in December, the coin began a retracement, eventually dipping below 0.5 at the onset of the new year.
The recovery from this recent decline appears feeble, marked by a lower high on our chart, and the coin reversed at the support zone.
Given the potential for a more significant correction in BTC, I anticipate that AdaUsdt will tread a similar path and breach the support level.
In such a scenario, a decline to 0.4 seems highly likely.
ADA 13%Hey there, I've been doing some analysis on ADAUSDT and it looks like there's a potential for a 13% profit in the next 4 hours. It's important to keep in mind that these predictions aren't always 100% accurate, so it's always a good idea to proceed with caution and do your own research before making any investments. Let me know if you have any other questions or if there's anything else I can help you with!
ADAUSDT_N12ADAUSDT
En: 0.5656-0.5733 (Two positions)
Sl: 0.5918 (1% of your balance)
Tp: 0.5232
Cancel if Tp crossed without opening
#15Min_trade
#N12
ADAUSDT Analysis Look carefully at this analysis. You quickly find out that the price moves in a fixed structure. This has to do with support and resistance. Recognizing the loss and gain of levels is very important. Learn to recognize this early. This way one gets a slight advantage over the rest.
