Cardano's short-term uptrend line brokeThe selling pressure created in the market caused Cardano's short-term uptrend line to be broken in the first stage, and this support was also broken in the second stage when the price reached the bottom of the channel. Cardano's price is in the range of $0.365 and moving towards lower support levels in the range of $0.340-0.350 and the range of $0.317-0.330.
Support is considered in the $0.300-$0.308 area. So this week, you can keep an eye on the first support and the $0.300 range support.
ADABTC
Cardano has rallied to the $0.42 resistanceAfter a good rally starting from the $0.25 support area with buying pressure, Cardano has rallied to the $0.42 resistance, and since this resistance is on a weekly time frame, reactions have been seen in this range.
Several important resistance support areas are considered for Cardano, and due to the bullishness of the ADA daily trend, the resistance is more likely to be broken.
The closest support to the current price is considered to be in the $0.375-$0.387 range, which has seen a good positive reaction at this level in the last two days. Cardano's trend is also bullish in the 4-hour timeframe because it has maintained this support level.
This bullish trend will not turn bearish as long as it holds the support of the $0.340-$0.350 range. If favorable conditions in the market continue and break this level, the next target will be in the range of $0.50.
ADA IS VERY BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
✳️ ADABTC 300%-400% Potential 8X Lev.This is the last one that I didn't mention last time but went live with... ADAH23 or ADABTC.
We are being conservative with the targets... It can always grow more but with lev., it isn't necessary to hold that long.
We can get in and get out, get in and get out.
Remember to do your own research.
Leveraged trading is high risk and can incur full capital loss in the form of a liquidation.
If you can't take a loss, then trading is not for you.
Some trades are winners others are losers, that's just how things work.
The goal is to learn how to play the market to reach the finish line with positive results.
Potential can reach from 300% to 400% with 8X lev. depending on your final target.
Thanks a lot for the amazing and continued support.
Namaste.
ADA/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ADA/USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) extended its own recent sell-off on Friday, with prices falling for a third straight session.
ADA/USD dropped to an intraday low of $0.3558 earlier today, which comes after prices peaked at $0.3896 on Thursday.
As a result of this drop, ADA slipped to its weakest point since January 25, breaking out of a floor at $0.3590 in the process.
Since falling from this point of support, ADA has somewhat rallied, with bulls moving to buy the dip in price.
This took place as the RSI leveled out at a floor of 46.70, with Cardano currently at $0.3611.
If this floor on the indicator continues to hold firm, there could be a rally over the week, with bulls re-entering the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Is it possible to start a move to continue the upward trend...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day.
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(ADABTC 1W chart)
The question is whether it can move above the 0.0000 1641 to 0.0000 1786 and break out of the downtrend line.
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(ADAUSDT 1W Chart)
It is necessary to check whether there is a movement of shaking up and down based on the 0.3448 point.
(1D chart)
The question is whether it can sustain the price above 0.3819 and rise above 0.4380.
If not,
1st: 0.3306-0.3448
2nd: 0.2772-0.3032
You need to make sure that it is supported in the 1st and 2nd.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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ADA Long TradeADA Long Trade
"This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency, including Cardano (ADA). Please conduct your own research and consult with a financial advisor before making any investment decisions."
Change the trend in the daily timeframe will be providedAfter ADA took the range trend under the ceiling resistance of the main downward channel, this resistance was broken again yesterday with the support of buyers. Cardano's next targets on the chart are the $0.3750-$0.390 resistance range and the $0.43-$0.45 range, which could be short-term buyers' profit-saving areas. We can consider an ascending channel for ADA in the 4-hour time frame. As long as the bottom of the channel is not broken, the price increase can continue up to the specified targets. In case of breaking the first specified target, the potential to change the trend in the daily timeframe will be provided.
ADA can be pumped to 110%Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADAUSDT: Have the Bulls Finally Returned? 🫣| Jan. 20, 2023This week, we will stick to the 4-hour time frame to analyze ADA’s price action in detail.
The bulls have finally returned after a month of the bears maintaining a tight grip on the bulls. ADA has rallied by over 40% in the past two weeks after the sharp reversal earlier this month. The coin broke the stringent resistance at $0.3 and was able to extend the rally to $0.37 before pulling back.
After making good moves, ADA fell back to the support at $0.33. At the time of writing, it seems like the price has reversed from the support level, and we may see a continuation of the rally soon. If a strong reversal is seen from the current levels, the price will start approaching the resistance at $0.38 soon.
Traders must maintain caution as ADA is still close to the support and there are still chances of a breakdown. If a breakdown is seen, expect the price to fall to $0.30!
We will maintain a bullish outlook on ADA until it maintains its position above the support at $0.33.
The important price levels for this week are $0.33 and $0.38!
Cardano - Explosion is ticking! Bull flag ready.
ADA is definitely ready for a massive breakout on the major 3D/1W chart! I see a lot of signs, which I will show you in this analysis!
The first bullish pattern is this huge falling wedge, which is very close to a breakout, and you probably want to catch this upcoming explosion!
Also, we can see the previous descending triangle that broke down in fall 2022. Descending triangles occur before the end of the downtrend, so keep that in mind!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
On the way up, I see only three significant resistances. The first is the previous wave A, because people can speculate on its continuation to the downside to make an impulse wave. The second is the 0.618 FIB on the LOG scale, which is undeniably strong resistance along with the beginning of wave B. And the third resistance level is the previous all-time high.
From the Elliott Wave perspective, the whole downtrend from September 2021 to December 2022 looks like an ABC ZigZag correction. This ZigZag is inside the bullish flag, which is especially powerful. Wave C finished at the 1:1 FIB extension from wave A to wave B and at the 0.5 FIB of the previous bull market from 2020-2021, so it definitely makes sense to me.
Taking profits at the 0.618 FIB appears to be very efficient because after prices reach this level, we can expect sideways price action or a downside correction.
The crypto market shows strong signs of a trend reversal, and I believe Bitcoin could reach around 30k pretty soon! More Bitcoin ideas will be posted soon, so stay tuned, and I wish you great success and happiness!
Thank you, and for more ideas, hit "Like" and "Follow"!
ada can go upper very soonHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADA/USDT | Bouncing Back Nicely..!!
#ADA Falling Wedge Formation in 1W timeframe..!!
Looks like Correction Phase Almost Completed, Soon It'll melt many Faces✍️
In Case of Breakout, +300-350% Profit Potential in Midterm.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
ADA took an uptrend last week and was in high demandADA took an uptrend last week and was in high demand right after hitting the important $0.22-$0.25 support. The downtrend line inside the channel has been broken on the daily timeframe, which can be a good sign for a change in the trend on the daily time. Of course, this needs more time. Only in the 4-hour timeframe, the price trend has increased, and according to the last candle of the day, which is a bearish candle, the price can enter a corrective wave.
One of Cardano's strong and important supports is considered to be in the $0.255-$0.257 range, and hitting this level could generate a strong positive reaction. Another point is that the price is still in a narrow ascending channel in the 4-hour timeframe, and if the bottom of the channel is broken, the first support can be considered in the $0.270 range. If this support is broken, the second support can be very powerful in maintaining the trend.
ADA/USDT 4HOUR UPDATE !!Hello, welcome to this ADA/USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano surprised the market this week with a strong performance that saw the price increase by 11.4%. This momentum could continue, but the key resistance at 30 cents will be an important obstacle to overcome.
After finding good support at 24 cents, ADA managed to quickly recover some of the recent losses and continued to move higher every day. The volume and indicators support a continuation of this price action, but it’s important to see how buyers will manage the abovementioned resistance level.
Looking ahead, a test of $0.30 seems probable.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
✳️ Cardano | Why Bitcoin (BTC) Is Better Than Tether (USDT)We know that Cardano has been growing bullish recently vs Tether (USDT) but what about the Bitcoin (BTC) pair?
We know that if you buy $1,000 worth of ADA using USDT and ADA grows by 20%, you get 20% but... If you were to buy first $1,000 worth of Bitcoin and instead by through ADABTC and ADA grows 20% while bitcoin grows 15% now you profits are multiplied.
You get to earn from ADAs appreciation in value as well as BTCs appreciation.
This is the reason why we prefer BTC pairs.
Instead of $1,200 with a 20% profit on the USDT pair if one were to buy using BTC with the example above an extra $180 would come in for a total of $1,380, or you could say 38% profits out of the initial $1000.
To maximize potential profits while trading cryptocurrencies the first step is to buy bitcoin or buy btc pairs or withdraw through btc pairs... Bitcoin is the name of the game .
With your BTC you can start your strategy and since we are at the bottom, or close to the bottom, you get to win more in the long-term.
Imagine buying $10,000 worth of BTC rather than USDT and bitcoin grows to $40,000 in 2 years while the altcoins you buy grow 3-5X.
You can enjoy exponential growth while this is lost if you trade with any stablecoin; bitcoin is the best choice if you are smart in this game.
Anybody who has been around for a while can tell you how fast everything grows when the bull market comes.
It also drops fast on a bear market but the bear market has been going for more than a year and once we hit bottom... the only place left to go is up.
Think long-term, plan long-term, earn long-term and the energy you are putting into this will give you more benefits, better results.
Remember, the trick is not to work hard but to smart.
This is just another post in a sea of trade ideas that we share every day but it can be life changing for those who are smart enough to make the change.
Namaste.
ADA more pain to comePlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
After two successful Cardano short calls I think we are still not done yet. There is bigger triangle breakout target @ 0.19 which is -27% from current price therefore I'm letting part of my early shorts still in play. As always, don't chase the marke t. Actually we are sitting at support zone so bounce up and some sort of consolidation before next leg down would be no surprise.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.