ADA LONG SETUPHi, 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
Adausd
ADA goes up! don't miss it ...In my opinion, Cardano is in an uptrend and it is acting like my chart on the weekly time frame.
Stop loss and target point and entry point are based on your short-term plan and risk tolerance, and I just told my long-term plan view and I think my chart is very clear.
Good luck, dear traders.
Mohammad Goodarzi
Wednesday
3 Jan 2024
🚧ADAUSDT is Bullish now🚧 & many Traders don't see it 👀!!!ADSUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Cardano ADA where we potentially standPlease note that what happened in the past may not necessarily resemble the future. I have however seen some notable similarities from the previous bull run to where we are today.
Slight differences are there, but nevertheless more similar than not, as we stand.
I’m not a professional analyst and this is a simple amateur take.
⚡️ADAUSDT CMC TRADING ⚡️ ASCENDING TRIANGLEADAUSDT has formed an ascending triangle pattern, indicating a higher probability of a bullish breakout. It is advisable to patiently monitor the price and its reaction within the identified setup. Notably, there is a robust supply zone identified within the hourly timeframe. A break above this level would invalidate the supply zone, potentially transforming it into a demand zone capable of propelling prices higher.
Cardano (ADA) is setting up perfectly for the Bull MarketCardano BINANCE:ADAUSD is setting up perfectly for the Bull Market
ADA has been consolidating for the major part of 2023 and has been in a significant downtrend since early 2022.
We finally have the signs that the downtrend and consolidation is over and a bullish trend can begin.
Technical Analysis:
1) Breaking and re-testing the descending triangle
2) Bullish Volume is entering
3) TraderMagz Flagship Indicator - ATR God has triggered a buy after printing a Sell back in 26th Nov 2021 @$1.38. The last Buy was on the 25th May 2020 @ $0.07
4) Bitcoin halving is in April and we are seeing significant bullish momentum in Bitcoin and other Altcoins
5) TraderMagz - Divergence God has printed multiple divergences, Indicating strong probability that the weakness has ended
Fundemental Analysis:
1) Cardano has been building throughout the bear market - with significant milestone accomplishments being achieved
2) Total Value Locked (TVL) in both USD value and ADA tokens has soared over the past year and is accelerating
3) Multiple new protocols are launching every week and there are more on the horizon
4) Midnight Airdrop has been announced and is highly anticipated - more details to follow
5) Cardano is one of the most decentralized blockchains and the technology behind Cardano is rapidly improving. (Mithral, Hydra, on chain governance)
Price Targets/ Trade Setup:
Entry : between $0.25 and $0.4 - Current price is $0.375
Stop-loss : $0.19
Take profit 1: $1 phycological level
Take Profit 2: $3 - Previous all time high
Take profit 3: Between $4.5 and $5.5 - $5.22 is the 1.618 fib extension target
ADA: A Comprehensive Analysis of the 23-24 Cent RangeOkay, so it looks like everyone's been talking about ADA, the cryptocurrency that's all the rage these days. Let's dive in and see what's going on with this digital coin.
One thing that stands out is the presence of a whole bunch of factors that seem to be converging around the 23-24 cent range. For starters, there's a gap in volume that's big enough to drive a truck through. And if we use the Fibonacci retracement tool on a log scale (because who doesn't love a good log scale?) to measure the move from March 2020 to September 2021, we find that the 50% retracement level is right in the same neighborhood as that gap in volume. Talk about convenient!
Another confluence to consider is the Elliott wave pattern from the top. The wave 4, which looks like a triangle and is currently hanging out in the 50 cent range, is joined by the 38% retracement level in this same area. Using the Fibonacci projection to figure out how long wave 5 will be, we can apply the rule that wave 3 is never the shortest. Since wave 1 appears to be longer than wave 3, we can safely assume that wave 5 will be shorter than wave 3. This means that if the price dips below 21 cents, it could invalidate this whole wave count. No pressure or anything.
Finally, it's worth noting that the price of ADA has been making lower lows while the RSI has been making higher highs. This is known as a divergence, and it's pretty solid.
All things considered, it looks like there are a ton of confluent factors in the 23-24 cent range, making it a great spot to consider building a long-term position. Just remember, it's always important to do your own research and due diligence before making any investment decisions.
So there you have it! The 23-24 cent range could be a great place to park your ADA, but as with any investment, it's important to do your own analysis and make informed decisions. Happy trading and may the crypto gods be with you!
If you found this analysis helpful and want to stay up to date, be sure to follow me for more insights and analysis.
buy on best candle (ADA)❤️❤️Thanks for boosting 🚀 and supporting us!
📈we are a good candle for buy if not break zone of 0.59$ .
📊 (Entry) : 0.5945
🔴 Stop Loss : 0.5820
🎯 Take Profit : 0.6072-0.618-0.6345
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
ADA triangle eh!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Playing out quite nicely since the start. 🧵
Hitting many markers for a running triangle.
IF it prints, want to see the volume come in.
Pretty does NOT equate definitive.
Cheers
CARDANO - +80% Banked! ✅ Time For A Drop?First of all, let us start by saying we are going via technical analysis only.
Our last analysis played out nicely, banking us 80% raw gain!
Technically, we are seeing a 535 zigzag pattern. We've seen 5 waves for wave A. We are now seeing 3 waves for Wave B. Expecting 5 waves lower for wave C.
Trade Idea:
- Watch for rejection within the fib levels
- Confirmation that we've started a move lower will be a break of the red trendline
- You can go on to lower timeframe to find a slicker entry using various methods such as trendline break, BOS etc
- Targets: 0.23, 0.125, taper thereafter
Goodluck and as always, trade safe!
See our previous analysis below:
Cardano What's your plan ?- i just made this charts to compare 2 simple ways.
- i always try to keep my maths simple as possible.
- How much money you can make when you short.
- How much money you can make when you long.
- Ada lost -93% from ATH
- So if u shorted Cardano, you could have double your invest (X2).
( have to also add and calculate fees while shorting depending on exchanges..)
( around 0.04% every 4 hours for normal users ).
- From last Bottom in 2020, Ada made 16000% up to his new ATH in 2021.
- So if you bought ADA and keep, you would have made 160X on your investment.
- So tell me, what is the most simple and easy choice ?
- Short or Long ?
- Stay S4fe
Happy Tr4Ding !
ADA 🐻ish ☁️ - 24-Hr Forecast - Downside Risk;Rebound In 1 Week?A bullish sun ☀️ will shine over the global crypto market in the next 24 hours, with the exception of Cardano and Avalanche which face cloudy, bearish trading conditions. ☁️
Over a one-week horizon, these bearish clouds will dominate, indicating a downside risk for Bitcoin, Ether, and other altcoins. ☁️ Some smaller crypto coins such as Cardano and Binance Coin will, however, profit from a bullish sun. ☀️
Follow us for more crypto weather reports!
ADA going Sideway, ElliottwaeIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
CRYPTOCAP:ADA update
Took the path up into sideways land. 🧵
As we have seen in other alts, sideways can be tricky.
It could be ZZ done correction over but,
here a some sideways variants on watch for me atm.
Cheers!
🤖🚀 AI Elevates My Trading Game - The Future is Here! 💡🌐📈 Cardano's New Breakout is a Big one!
Cardano has proven to be a lucrative choice in our portfolio, breaking past its main resistance to find support at $0.4237. This isn't just a random spike; it's a strategic move backed by detailed analysis.
🤖 The Pro's Edge: AI Amplifies my personal trading Efficiency by 15%
Even as a seasoned trader, the addition of AI to my trading toolbox has been transformative. Elevating my efficiency by a remarkable 15%, this tool stands out as a market leader, opening up a world of possibilities in trading strategies. Imagine what it can do for beginners!
🔜 Future of AI in Trading: More Than Just Analysis
We're on the cusp of a new era where AI transcends analysis to execute trades, automate connections to exchanges, and even respond to voice commands. The integration of advanced analytics, social metrics, and machine learning is set to revolutionize our interaction with trading platforms.
💡 Revolutionizing Trading with AI
AI's evolution is poised to upend traditional trading strategies, leveraging cutting-edge technology. We're nearing the advent of the first AI-driven trading platform, offering custom learning solutions for all trader levels.
🎓 AI: A Boom for Beginners and Pros Alike
AI's transformative impact is not limited to novices; it's a powerful tool for experienced traders too. For beginners, it reduces risks and enhances efficiency, making trading more accessible and enjoyable. For pros like me, it's a significant efficiency booster.
🎤 Voice Command: My Go-To AI Feature
The voice command functionality of this AI tool is a standout. Whether I’m navigating through traffic or enjoying downtime, I can effortlessly get market updates or request analyses on cryptocurrencies like Cardano and Bitcoin, all hands-free.
🌟🛡️ Future of Risk Management: AI's Pivotal Role
Looking ahead, AI is set to revolutionize risk management in trading. By integrating AI, we can anticipate a future where trading is less about emotional reactions and more about strategic, data-driven decisions. This futuristic approach promises a trading environment where risks are meticulously analyzed and managed, enhancing our control over investments.
📊🤝 AI: Assisting, Not Replacing in the Trading World
Remember, AI is a powerful assistant, not a replacement. Our journey in trading begins with mastering Technical Analysis and crafting our own strategies. AI's role is to supplement and refine our skills, not to overshadow the human insight and judgment that are essential in trading. It's about striking a balance, combining the precision of AI with the depth of human expertise.
To sum up, the role of AI in trading isn't just supplementary; it's revolutionary. It's becoming an integral part of our trading experience, offering personalized assistance and advanced analytical capabilities. I'm excited to be at the forefront of this innovation, aiding traders globally in enhancing their trading outcomes with AI.
🤝🚀Time for the Trading community (with #Tradingview being the core of this) to use AI for the benefit of all traders within collaboration and ethical approach. Looking forward into a brighter future with AI in the mix.
One Love,
The FXPROFESSOR 💙
🐋 Deep Dive Part II: Whale Behavior & Market Mastery! 🌊📚Hey Crypto Enthusiasts! 🚀
In a recent analysis, I not only nailed Bitcoin's (BTC) movement but also illuminated the subsequent altcoin surge, driven by insightful whale behavior observations. Let's merge these insights with a focus on ADA (Cardano), OP (Optimism), SOL (Solana), and BTC. 📊
Cardano's (ADA) Meteoric Rise 🌟
ADA's journey began with a break above a pivotal support-resistance level. My entry point at 0.256 turned into a remarkable rally, hitting 52 cents. This movement was a classic case of altcoin buoyancy following Bitcoin's pause.
Optimism (OP) and the Altcoin Breakouts 🌈
In the shadow of Bitcoin's stagnation, altcoins like OP exhibited significant breakouts, showcasing the shifting focus of market whales from Bitcoin to promising altcoins.
Bitcoin (BTC) and Whale Dynamics 📉
Bitcoin's behavior provided a crystal ball into the whale activities. As BTC approached a major resistance level, it signaled a strategic move by whales to divert funds towards altcoins, catalyzing their surge.
Solana (SOL) and Market Trends ☀️
Solana's chart also mirrored this trend, highlighting the broader market dynamics influenced by these significant players.
🔍 Insight on Whale Behavior:
My analysis delved deep into the whale behavior, highlighting how Bitcoin's rally and subsequent pause was a precursor to altcoin dominance. This strategic pause in Bitcoin's ascent was a clear signal for the whales to redistribute their focus and capital, sparking a remarkable rise in altcoins like ADA, OP, and SOL. 🔄
The Bigger Picture - Understanding Market Shifts: What this trend teaches us is the importance of reading between the lines. Whale movements often precede major market shifts, and by understanding these patterns, we position ourselves to make informed decisions. 🧠
Future Outlook: As we continue to monitor these market dynamics, it's crucial to stay vigilant. The crypto market is known for its volatility, and while the current trend favors altcoins, it's essential to be prepared for any shifts that may arise. Always keep an eye on key resistance and support levels, market sentiment, and global economic factors that could influence the next big move. 🌐
Together, let's stay ahead of the curve in this fascinating and ever-evolving world of cryptocurrency. Your insights and engagement are what make this journey exciting and rewarding!
One Love,
The FXPROFESSOR 💙
part 1:
ADA Bullish ☀️ Ahead; BTC, ETH 🌧️Bearish clouds and rain 🌧️ linger over Bitcoin and Ether in the next 24 hours and over a one-week horizon, indicating a downside risk.
Smaller altcoins such as Cardano, Binance Coin, and Polkadot will, on the contrary, benefit from a bullish sun ☀️, signaling additional upside potential. 🚀
Follow us for more crypto weather reports!