Cardano longCardano bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 0.595 is expected to happen.
Cardanoanalysis
ADA above support#ADA/USDT
$ADA broke out descending trend line, and now in pullback touched the broken line that is the same with support zone and ascending support.
🐮 holding the current support zone can increase the price to break out of the wedge and reach the resistance zone.
🐻 break down from the support zone will drop the price to the lower line of the wedge.
Cardano shortCardano broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.4633 is possible.
Cardano Reverses from $0.55 but Bulls are UpbeatPast Performance of Cardano
Cardano buyers are still in the driving seat when writing, adding six percent in the past trading week despite losses in early July 25 sessions. Technically, ADA prices have more headroom and could register more gains in the sessions ahead following the reversal of losses posted in the second half of last week. From the daily chart, the July 18 bull bar is defining and a surge above the $0.55 level would confirm gains and trigger more ADA demand.
#Cardano Technical Analysis
Buyers are upbeat and may propel prices higher in a bullish breakout formation. Per the candlestick arrangement in the daily chart, the immediate support level is at around $0.50. The reaction at this round number and the middle BB seems to be anchoring the current state of price action and acting as a loading point from where buyers can ramp up. Going forward, traders may continue finding entries on dips, targeting June 2022 highs at $0.66 in the medium term especially if there is a solid gain above $0.55, or last week’s highs. Conversely, any sharp dump, sustained below $0.50 with rising trading volumes, would shatter bulls' confidence, triggering a sell-off towards $0.45.
What to Expect from #ADA?
ADA prices may likely continue outperforming the markets in the short to medium term, propped by fundamental factors. Therefore, any correction toward $0.50 could provide ideal entry points for aggressive bulls.
Resistance level to watch out for: $0.66
Support level to watch out for: $0.50
Disclaimer: Opinions expressed are not investment advice. Do your research.
Cardano can double its valueSince the 3usd figure ATH from last September, Cardano had fallen hard, losing more than 80% of its value.
However, since the 0.4 zone low was made in May, the coin has started to consolidate in looked like it had found a bottom.
The descending trend line is also broken to the upside as well as the horizontal 0.52 resistance.
At this moment we can consider a bottom in place and look for more gains.
Important resistance is at 1usd figure with an interim resistance around 0.7
Buying deeps is, in my opinion, a good strategy with negation in the eventuality of a new low
Cardano: Come on!Since January, Cardano has been trailing through the green zone between $0.93 and $0.27 more or less dynamically. Primarily, we expect the altcoin to move deeper into the green zone to finish wave 2 in green. Afterwards, it should develop massive upwards momentum to make it above the resistance at $1.64, which would then augur well for further ascent above the next resistance at $2.46.
ADA broke out falling wedge#ADA/USDT
$ADA broke out from falling wedge pattern, and hold above long term support zone.
🐮 so at least it will fly to 0.236 fib level around $1 and possible to touch 0.5 fib level in long term.
ADAUSDT 1D Conditions and price zones to buy CardanoThe cryptocurrency market is at a crossroads. While some are tired of the fall of cryptocurrencies, and FUD only adds fuel to the fire in order to sell off their assets and forget about the crypto, others regularly bribe different crypto at levels.
Today, we created an idea with a fractal of the possible behavior of the BTCUSDT price in 2022.
And as we know, in 90+% of cases, the entire crypto market is oriented precisely on this trading pair, where to move next.
- If the price of ADAUSDT trades above $0.43 in the near future, the consolidation may last all summer. However, already in the fall, growth may begin to the area of a strong mirror level - $1
- Fixing the ADAUSD price below $0.43 will pave the way for a further drop of at least -30% to the $0.28-0.31 area
Therefore, you should carefully monitor the market and trading conditions before entering a position.
Globally, the Cardano token still looks and behaves quite well compared to other altcoins. At the moment, the ADA price is above the global consolidation of $0.03-0.30, where during 2018-2020 buyers accumulated long positions before solid growth in 2021
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
ADA trend lines and fib levels#ADA/USDT
$ADA weekly trend line and fibonacci levels.
price is above 1.272 fib level of last weekly swing high, last support will be 1.414 fib level at $0.158.
and you can see the support levels in between.
this will be the last support zone that price should hold it so we are mostly near the bottom.
there is a green descending resistance that break out from this will be the start on new rally but pullback to this line will be around $0.1587 so don't rush to buy yet.
Cardano cryptocurrency - is it time to buy ADA ?The last time we made a global ADAUSDT forecast 5 months ago and as it turned out on the absolute price highs and roughly speaking all this time the price of ADA was fallen from $3 to $1
We tweaked the dynamic channels a bit from the previous idea and this is what we get:
On the one hand, the ADAUSD price has bought back up for the eighth time from the powerful $1-1.10 liquidity zone and organized a 50% bounce because buyers understand that this zone is critical for a global trend reversal.
On the other hand - the dynamic trend line was able to break through downwards with the 5th time and in the last days/weeks there were two retests from below for strength of this trend line and the sellers have not let the price go higher yet.
There are some rough estimates of possible price movements on the chart.
At the moment, crypto market move in flat till this time, and they will squeeze out all the juices from small participants with anarchic moves up and down, knocking out stops.
Only if the price of ADAUSDT rises above $1.75, it will be possible to buy carefully long.
In the meantime, the only thing we can say with certainty is that below $1 for Cardano token a real rapid super plunge may begin, because the chart below is empty, with no support, down to $0.35-0.40 . Of course, no one wants this development for sure, but we don't control the market. Forewarned is forearmed
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea and comment" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Cardano: Indecisive 🤔So far, Cardano has apparently refused to drop deeper into the green zone between $0.9355 and $0.2767 and has not fallen below its last low. This could imply that the altcoin’s preparation for the coming ascent have already begun. However, we rather expect Cardano to make further use of the green zone to finish wave 2 in green at its bottom before moving upwards, confirming the ascent by crossing the resistance at $1.6378. The altcoin should be careful, though, not to drop below the green zone!
ADA Cardano: Monthly ChartHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Cardano (ADAUSD).
The chart is self-explanatory. With the crypto market going through a correction, Cardano may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Lines, and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
#Cardano Bulls Reject Bears, will ADA Float above $0.45?Past Performance of Cardano
Cardano prices are relatively firm versus the BTC and ETH at spot rates. While the crypto market is down, ADA prices remain inside a $0.25 range, with support at $0.45 and resistance at $0.65. Besides, there is an M-formation, with ADA retracing from the double top. Currently, ADA is down 12 percent week-to-date, but buyers stand a chance above $0.45.
#Cardano Technical Analysis
ADA traders are confident. As the crypto market falls, Cardano bulls have been holding the line above $0.45, the immediate support. Additionally, there are hints of strength with the June 13 bear bar closing with a long lower wick pointing to demand in the NY session. Nonetheless, risk-averse traders can wait for trend definition. Losses below $0.45 may see ADA fall to as low as $0.30 in the medium term. A welcomed recovery above $0.65 may offer relief, allowing prices to retest $0.80—March 2022 lows.
What to Expect from #ADA?
Cardano prices are propped by bulls' expectations of enhanced network performance in the upcoming hard fork. Still, from a technical angle, prices must first pierce $0.65 to buy trend resumption.
Resistance level to watch out for: $0.65
Support level to watch out for: $0.45
Disclaimer: Opinions expressed are not investment advice. Do your research.
ADA bearish flag inside falling wedge#ADA/USDT
$ADA rejected from upper line of falling wedge and shaped a bearish flag pattern in lower time frame.
🐻 break down from lower line of channel that can act as bearish flag, will drop price to lower line of wedge that is the same with support zone.
🐮 holding the lower line of channel may help bulls attempt another try to breaking the upper line of wedge.
Has Cardano started a new leg higher?Happy Monday, TradingView community. After a flat weekend, buyers have defiantly hit the new week with a lot more energy. After a hesitant start, buyers came back into the crypto markets during today’s Asian session.
Today’s European session comes online. We’re still seeing strong interest, with many of the top 10 continuing to hit solid gains.
Our focus today is on Cardano. Has today’s rally started to confirm a new leg high? What has our interest is the pattern before today’s action. We can see a clear LL that failed to hold and a new HL in May. We did see one attempt by buyers fail after they tested .6850. After consolidation, today’s move is a breakout with support at .5460 and minor resistance at .6040. We want to see price close above resistance today.
Looking forward, we want to see how buyers handle their latest move back into the last supply area. A break above or firm close, close to .68 would be a good sign buyers are in control of momentum. A close below 0.600 would worry, in our opinion.
Thanks for stopping by, and good trading.
ADA falling wedge#ADA/USDT
$ADA is below upper line of falling wedge pattern.
🐮 break out from resistance of upper line of this pattern can increase price toward resistance zone between $1.6 and $1.86. in this way price should break out resistance of $0.7 and $1.1.
🐻 rejection from upper line will drop price to lower line once again that is around support zone between $0.4 and $0.27
#Cardano Breakout Formation, ADA Prices may Rally 30% to $0.75Past Performance of Cardano
After two months of sharp losses from early April, the recovery at the tail end of May is a net positive for ADA bulls. At spot rates, ADA is up 50 percent from 2022 lows and trading above the trend defining bear bar of May 11 in a breakout. Cardano bulls are firm, reading from the ADAUSDT price formation in the daily chart.
#Cardano Technical Analysis
Candlestick arrangement favors buyers following gains of the past three days. After two months of lower lows, forcing ADA to register new 2022 lows, the revival from May 30 was a significant development. There is a double bottom pattern, a W-formation signaling trend. Besides, ADA prices are above the middle BB in a bullish breakout formation. In line with these signals, aggressive traders may find entries above $0.50 and the middle BB, targeting $0.75 in the immediate term.
What to Expect from #ADA?
ADA bulls are charged at spot rates, breaking above $0.60. With rising trading volumes and confident traders, Cardano prices may soar higher to retest Q1 2022 lows in the short term.
Resistance level to watch out for: $0.75
Support level to watch out for: $0.50
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Cardano Prints Higher Highs, ADA Ceiling at $0.60Past Performance of Cardano
When writing, Cardano prices are in a $0.20 trade range and within a bear breakout continuation pattern. Despite gains over the past 24 hours, ADA bulls haven't satisfactorily reversed losses posted in the first half of May 2022. Technically, ADAUSDT remains in a bear breakout formation pattern with attempts for higher highs capped at $0.60.
#Cardano Technical Analysis
Even though Cardano bulls are upbeat, prices have a tough liquidation ceiling at $0.60 to overcome. At spot rates, there are higher highs. However, prices are still within a $0.20 price range, primarily inside the wide-ranging bear candlesticks of May 11, 12, and 18. If ADA bulls are to take charge, there must be a comprehensive close above $0.60 and $0.65 with rising trading volumes for trend formation. In that case, ADA may inch higher, signaling the end of the bear run as prices bottom-up after climactic losses of May 11 and 12. On a more cautious outlook, prices have support at around $0.50. A close below this line may trigger a sell-off forcing ADA prices to $0.40 in a bear continuation pattern, consequently diffusing the upward pressure.
What to Expect from #ADA?
ADAUSDT is in range with caps at $0.60 and $0.50, respectively. Until there are sharp gains or losses below key reaction levels, bears are still in control.
Resistance level to watch out for: $0.60
Support level to watch out for: $0.50
Disclaimer: Opinions expressed are not investment advice. Do your research.
Cardano: Terrapin🐢Like a terrapin, which favors overgrown, muddy waters, Cardano is dabbling in the green zone between $0.93552 and $0.27674. As long as we don’t receive any stronger signals for a beginning ascent, we primarily expect Cardano to dive a bit deeper to finish wave 2 in green. However, it is also possible that the Cardano-turtle could paddle upwards already.
Cardano ADA technical analysis zoomed OUTI zoomed out to the weekly cardano chart, and the good news is that Cardano did find support around 41 cents the last time we had a correction, the bad news is that all indicators point to this downtrend continuing and in order for the downtrend to break it is going to take an enormous amount of green volume, and given the current market sentiment it is hard to see that happening. Only two years ago ADA was only worth 5 cents, so if it only corrects down to 41c we are very lucky.
ADA target to open LONGBINANCE:ADAUSDT
Simbol
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets
➡️Really soon we will see capitulation on ADA price chart. Fundamental price for ADA now 0.45.
➡️ When we touch fundamental price its usually good enter point on SPOT for long term, and global its can be the final bottom
➡️also this price is -0.38 by FIB level because we more than 1 year in downtrend.
➡️ Targets for ADA by end of 2023 is 3.38 / 4.84
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
Disclaimer: Please be aware of the risks involved in trading. This video was made for educational purposes only not for financial Investment Purposes.
Don't forget sub and join my channels under this idea!
The downtrend ADAUSD Cardano continues, when there is a rebound?From September 2021, the price of ADAUSDT is in a downward trend, moving down the channel.
An important area of customer support was the zone around $1. This strong mirror level has helped buyers keep their defense and push the price up since February 2021.
However, in February 2022, buyers finally lost control over this level, which sellers only confirmed that they now dominate the market.
We consider $0.77 to be the critical lev el for the continuation of the fall in the ADAUSD price. Fixing the ADA price below it will mean that the next shopping area is around $0.67
However, despite yesterday's heavy fall on the crypto market, you can try to catch a good, medium-term trade with a short stop and small risk.
Enter the position in the area of $0.79
Stop below $0.77 (-2.5% of entry point)
Take profit in area $1 (+ 26% of entry point)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Profit / loss ratio 10/1
#Cardano Bulls Stand a chance if ADA is above $0.75Past Performance of Cardano
ADA prices are down eight percent at spot rates following high volatility on May 4 and 5. While the crypto market unexpectedly dumped yesterday, ADA bulls stand a slight chance. Prices are still within the May 4 bullish bar, a bullish development from a technical perspective. Still, whether ADA will recover depends on if buyers can sustain prices above this week's lows of $0.75.
Cardano Technical Analysis
From an effort versus results perspective, ADA bulls surprisingly have the upper hand--at least as price action stands. Even though trading volumes are significantly higher on May 5, prices are inside the bullish engulfing bar of May 4. As a result, buyers may buy the correction only if prices are above the immediate support at $0.75. A recovery may see ADA prices float to this week's highs of $0.90, breaking above the multi-week resistance line marked by the 20-day moving average. In this case, ADA may rally to April 2022 highs of $1.20. Conversely, losses below $0.75 offer an opportunity for sellers to add to their shorts, targeting new 2022 lows of around $0.70—or worse.
What to Expect from #ADA?
ADA prices are dangling at around 2022 lows. A recovery prints a double bottom, a lifeline for buyers who expect prices to float higher towards $1. However, if ADA slips, it could fall to register new 2022 lows.
Resistance level to watch out for: $0.90
Support level to watch out for: $0.60
Disclaimer: Opinions expressed are not investment advice. Do your research.
