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Cardano

#ADAUSDT's Remarkable Bounce off Support and its Implications💎Yesterday, #ADAUSDT exhibited a precise bounce off the 227.2% Fibonacci retracement level, instilling strong hopes of an imminent trend reversal. However, caution is warranted as the price approaches a supply zone and remains below the downtrend trendline. At present, the market does not present the most secure buying opportunity, and sellers should remain vigilant. 💎In light of these factors, #Cardano needs to surmount the current obstacles to solidify its bullish intentions. Until then, we should anticipate range trading and a volatile price action. Nevertheless, it is only a matter of time before the price breaks, either below the support or above the resistance, signaling the opportune moment for MCP to take action. Stay prepared, Paradisers, as we navigate the path ahead. 🌴
Long
by MyCryptoParadise
ArmanShabanTrading |🟢 XRP/USDT : bull or bear ? Let's See !!!The important supports of the #Ripple are 0.4140 to 0.4440 and 0.37 to 0.3920, respectively, and the second level has a higher strength, now if the first support keeps the price, We can expect growth up to 0.5090 as the first target and then 0.5850 as the second target! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.27.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
12
ADA Trading Plan, July 16th – 22nd, 2023• ADA is one of the big winners following XRP’s legal victory. The chances of ADA being deemed a security are reduced. The probability of a new bear market low is diminished as well. • On July 13th and 14th, ADA had a massive price increase of over 30%. Currently, it is retracing to the liquidity pool it left behind. • The closest support level is the previous range high, at 0.305 USD. • The closest resistance is at 0.33 USD. Weekly Bias: • My weekly bias is bullish. IMO, ADA’s price was suppressed for a long time. It has a solid base between 0.27 – 0.30 USD. I do not think it will go lower than 0.285 USD. • My preferred scenario is for ADA to fully retrace the liquidity pool, find support on the previous range high, and continue to the upside. Regardless, most of the liquidity pool is already taken. ADA could continue up from this point. A long trade from the previous range high has a better chance of success (IMO) and a better R: R. Trade Idea No. 1: • Entry: 0.33 (S/R flip). • SL: 0.3169 (Daily low). • Target: 0.38 • R: R: 1:4 Trade Idea No. 2: • Entry: 0.305 (S/R flip). • SL: 0.291 (Demand zone). • Target: 0.38 • R: R: 1:5 NFA. What do you think? Please share in the comments. Best Wishes.
Long
by NewThoughtCrypto
2
0.3 intact is a must for bullsAfter the break above the falling wedge at the beginning of the year and the spike above 0.4 resistance in April, AdaUsd fell under 0.3 support and May and made a new local low. However, XRP news brought optimism also for Cardano and the coin rose strongly and unconquered 0.3, resistance at that moment. After the spike in the middle of the range, the coin has started to correct and is trading, at the time of writing, at 0.32. 0.3 is a very important figure now and is acting as support at this moment. Considering that, after the recent low, AdaUsdt formed an ascending triangle pattern on our chart and the recent break above the resistance of the triangle, things are technically bullish. A test of 0.3 could offer a nice entry for bulls with a 1:2 risk: reward if we consider a test of the upper boundary of the range and a stop loss at 0.25. However, a daily close under 0.3 would make the recent up break a false one and could lead to a drop, even to a new low.
Long
by Mihai_Iacob
SasanSeifi 💁‍♂️ADA/USDT👉1D 0.32 / 0.34 Hey there!✌ ◼In the daily timeframe, as you can see, the price is still moving between the range of 0.26 and 0.30 and remains within a consolidation phase. The scenario to consider in the daily timeframe is as follows: after the price range, if the price establishes itself above the resistance level, there is a potential for further price growth towards the supply zone at 0.32 and the resistance level at 0.35, potentially forming a new high above the previous high of 0.30.💹 For a positive trend in the medium term, it is crucial to observe the price's ability to sustain above the resistance level at 0.30. Otherwise, if the price fails to sustain and confirms lower in lower timeframes, we may once again face a correction towards the support zone at 0.26 and 0.25. In the case of a correction, for a better understanding of the continuation of the price movement, it is important to see how the price reacts to the support levels.💹 🔹Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. 🔹Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ 🔶Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
by SasanSeifi
Maintaining Support, Price Surge, and Potential GrowthADA has successfully maintained the lower boundary of its short-term ascending channel, leading to a significant price increase within the specified resistance levels. This upward movement exhibited rapid and substantial gains within a single daily candle. However, the resistance at the $0.38 range triggered a strong negative reaction, causing Cardano's price to decline to the $0.32 support level. Remarkably, the demand for Cardano surged once again in this area. These developments indicate that Cardano is now operating within a broader range trend, demonstrating positive and bullish momentum in shorter time frames. Upon analyzing the chart's resistance and support levels, two key support levels have been identified for Cardano at $0.32 and $0.30. By effectively maintaining these support levels, Cardano has the potential for further growth and a more comprehensive approach towards the $0.38 resistance level.
by MonoCoinSignal
8
Cardano is breaking all levelsHi guys, let's look at the current situaition on Cardano. Cardano finally managed to break 0.3 resistance on the news that Ripple partialy win in its court battle with the SEC. Cardano price almost reached 0.38 which is important for the price rise continuation. After such big rise there is some correction is expected after which there should be continue of rise. At this moment it's important for Cardano price stay above 0.35 in order to continue its rice. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
ADA Cardano and the Altcoin Season ThesisIf you haven`t sold ADA here: Then the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including ADA Cardano, for which my price target is $0.45. Looking forward to read your opinion about it!
Long
by TopgOptions
The 0.4080 point is the divergence point of the rise and fallHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ADAUSDT chart) This rise did not turn the trend into an uptrend. Therefore, I think that the movement to switch to an upward trend will begin only when the price rises above the 0.3032-0.3731 section and maintains it. I would expect the price to hold above 0.4080 to start a full-fledged uptrend. The timing of purchase is important for investment, that is, trading, but in the end, you must think about the increase compared to the investment period and decide. In that sense, if it rises above 0.4080, ADA is a good coin to trade from a mid- to long-term perspective. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
ADAUSD crossed over the MA200 (1d). Buy signal.ADAUSD crossed over the MA200 (1d) after 5 weeks under it. The main pattern is a Channel Down and the last time the MA200 broke after a bottom, made the price peak near the 1.382 Fibonacci level. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.44000 (under the MA200 1d). Tips: 1. The RSI (1d) is overbought. The other two times it reached that level this year, one was at the start of an uptrend (straight after crossing above the MA50 1d) and the other at the end of the uptrend (but the MA50 1d has been broken much earlier). This time the MA50 (1d) just broke today, so it is more likely that we are still at the start of the uptrend. Please like, follow and comment!!
CRYPTO:ADAUSDLong
by TradingBrokersView
9
⚫ LTC usdt - Weekly ⚫🔵 #LTC usdt ⏰ 1W ⚪ As you can see, the price has broken dynamic resistance and static resistance. If fixed above $100, $130 is available. 🔴 Support and resistance are shown in the chart. ---------------------------------- 📛 Follow the market trend and decide to buy or sell. ⚠️ (This isn't a signal for buy or sell) ⚠️ .......................................... 👸 Analyzed by : Parisa_Alipoor ..........................................
by parisa_alipoor
Cardano on a riseHi guys, let's look at the current situaition on Cardano. Cardano stays in a narrow range of 0.25-0.3 for the past couple weeks. it shows positive dinamics and slowly climbing to 0.3 resistance. Everything is indicateing that ADA at least will try to break this resistance but it might be fake breakout, so need to be careful. If Bitcoin goes above 32k than we can expect Cardano breaking 0.3 resistance and going up to the next resistance at 0.35. But mid-term I'm not so optimistic about Cardano. Even that at the moment price goes up and probably there will be breakout, I still think that we'll see Cardano under 0.25 mid-term. If this post is useful to you, you can support me with like/boost and leave comments below.
by Real_CryptoRoy
2
🔥 ADA Worst Case Scenario: Be Prepared!In this analysis I want to take a look at my personal worst case scenario for Cardano: a parallel channel. Keep in mind that this is not my most likely outcome, but something I'm just watching. The channel is constructed by taking the top resistance (with three touches) and attaching it directly to the COVID sell-off lows. By doing this we construct a parallel channel with a clear support and resistance structure. The bottom support has not been retested, so we can't guarantee that the market will accept this support. If ADA will actually move towards the bottom support, it would mean that we still have 40%-30% more downside ahead of us. Still, I'm confident about two things: - The market will find some kind of support. Whether it will be the definite market lows remains to be seen. - Buying from this support will offer great long term opportunity, even if it's not the bear market low. What is your prediction for ADA? Share your thoughts in the comments 🙏
Short
by FieryTrading
8
Cardano ADA can show new dipHello, Community! Let's continue analyze crypto assets using SmartBot. I will remind you, this is an automatic trading strategy which defines the dynamic support and resistance levels, adjusting entry and exit points according to current market state. Today it's time for my favorite altcoin CRYPTOCAP:ADA . On the ADAUSDT price chart we can see that since start of July SmartBot have already succesfully closed to position in profit. It had two entries at $0.287 and $0.27 using DCA approach. Notice how perfectly the second level corresponds with the local bottom. After that the bounce has ended exactly at the dynamic resistance level which has been defined by the strategy. After closing the trades script has generated the base, which is pointed out as old base, but this base was not valid becuase we have the current base formed before reaching any support level. Now we have the new base at $0.283 which is about to be broken. In case of breakdown it's likely to see the dip to the four support levels. Support 1 is located at $0.276, support 2 at $0.268, support 3 at $0.255, support 4 at $0.233. When one of this support will be reached the resistance level is gonna be generated as well. Best regards, Skyrexio team __________________________________________________ 🔥Follow and smash the rocket 🚀 button to support us🔥
by Skyrexio