Break down or break out?There is a higher chance of breaking down with a bearish MACD cross on the daily chart. What do you think?
ADAUSD.P trade ideas
CARDANO H4Trading setup for H4.
We know a mayor OB zone is a little more down, at there it is more probable price react looking for liquidity.
A little more risky entry could be at this H4 zone
CARDANO D1 Trading idea for Cardano in D1:
- Wait the price pullback to mayor OB zone
- Looking for 2:1 ratio
Where does ADA stand currently?From the point where we placed the red arrow on the chart, Cardano's correction began, and from the point where we placed the green arrow, Cardano's bullish pattern started.
The correction appears to be a symmetrical one, while the new bullish pattern seems to form an expanding triangle.
From the green zone, Cardano may potentially move upward again to complete wave E.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CRYPTO: ADAUSD trading plan. This is a trade I am currently looking at. I would be taking a LONG position if the price breakthrough the upper rectangular box and a SHORT position if the price breakthrough the lower rectangular box . Currently, I am more interested on the Long position. However, this is only a plan. Please take note that trading is about dealing and respecting the market trend. I do not make predictions.
40% pullback possibleWe are at the 0.5 fib retracement.
As in 2020 cycle i see us drop 40 - 50% from here. Would shake out the weak hands at the right time. EVERYONE is bullish... Are you?
Cardano Long -Potential long on Cardano, price has been moving up on a solid up trend seen on the 1H and 4H, price likes to dip back in the 20/50ema on the 4h (Price is currently testing the 4h 50ema) and create some pattern we can capitalize on to get an entry point. I recently took one that was a H&S on Saturday for profit.
-price is in a decent descending channel so I may look to enter if we possibly get a H&S pattern that looks to be developing inside the channel, OR wait for a break of the channel and entry once we start breaking OR you can also wait for price to fully break out and possibly have a pull back to the 1h 20/50ema's as seen in my previous trade I took.
- If you take a look at DODGE on the 1h I just got out of a trade for profit today, some of these crypto's have very similar similar patterns like this one so keep an eye on these as they can be quick 6-12% profit
Exploring the Factors Driving Cardano's Bullish TrajectoryCardano (ADA), a blockchain platform known for its robust security and energy efficiency, has been steadily gaining traction in the cryptocurrency market. Analysts are increasingly bullish on ADA's future price movements, with some predicting that the token could reach as high as $9+ in the coming months. This optimistic outlook is fueled by a combination of strong fundamentals, positive market sentiment, and historical price patterns.
Strong Fundamentals Powering ADA's Rise
Cardano's underlying technology, Ouroboros, is a proof-of-stake (PoS) consensus mechanism that offers several advantages over traditional proof-of-work (PoW) systems, including lower energy consumption and improved scalability. Additionally, Cardano's layered architecture enables the platform to handle complex smart contracts and decentralized applications (dApps).
The Cardano community is actively developing a diverse range of projects, including decentralized finance (DeFi) protocols, non-fungible token (NFT) marketplaces, and supply chain solutions. As the ecosystem continues to grow and mature, the demand for ADA is likely to increase.
Positive Market Sentiment Boosts ADA's Prospects
The broader cryptocurrency market is currently experiencing a bullish phase, with Bitcoin and Ethereum leading the charge. This positive market sentiment has spilled over into altcoins like Cardano, driving increased investor interest and capital inflows.
Moreover, the recent surge in interest in blockchain technology and decentralized applications has further fueled the bullish sentiment surrounding ADA. As more and more people become aware of the potential benefits of blockchain, the demand for ADA is likely to rise.
Technical Analysis: A Bullish Outlook
A technical analysis of ADA's price chart suggests that the token may be on the cusp of a significant breakout. Historical price patterns indicate that ADA tends to form support and resistance levels. By breaking through these levels, ADA can enter a new uptrend and potentially reach higher price targets.
Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also signaling bullish momentum. The RSI, which measures the speed and change of price movements, is currently in the overbought territory, suggesting strong buying pressure. The MACD, which compares two moving averages, is also trending upwards, indicating a bullish crossover.
Potential Challenges and Risks
While the outlook for ADA is positive, it's important to acknowledge potential challenges and risks. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Regulatory uncertainty, economic downturns, and negative market sentiment can all impact ADA's price.
Additionally, Cardano's network performance and scalability will be crucial factors in determining its future success. As the number of users and transactions on the network increases, it will be essential for Cardano to maintain its performance and avoid congestion.
Conclusion
Cardano's strong fundamentals, positive market sentiment, and bullish technical indicators suggest that the token has the potential to reach new heights. However, investors should approach ADA with a long-term perspective and be prepared for short-term volatility. By carefully considering the risks and rewards, investors can make informed decisions about their ADA investments.
CHART ADA/USDThis is going to happen. BTC still in 100k. Altcoin's are goin to dip onemore then BTC Holders change their opinion to Altcoins.
TP-1.1100
Cardano ADAUSD Periodic Analysis (Issue 50)The analyst forecasts a rise in ADAUSD's price over the next 24 days, based on a quantitative analysis of recent price trends
ADA/USD:Profitable Buy and Sell Strategies with Key ConfirmationAlexGoldHunter BINANCE:ADAUSD Current Market Overview:
Price Movement: Cardano is currently trading at 1.185 USD.
Bollinger Bands: The price is moving within the Bollinger Bands, indicating medium volatility.
Volume: The trading volume is relatively stable at 133.31K.
Relative Strength Index (RSI): RSI is at 26.94, which is in the oversold territory suggesting a potential buying opportunity.
MACD: MACD is slightly positive at 0.020 with a signal line at -0.015, indicating possible upward momentum.
Stochastic RSI: It shows values of 55.69 and 44.50, suggesting that it is neither overbought nor oversold.
Buy Strategy:
Confirmation for Entry:
RSI Oversold: An RSI below 30 suggests that ADA is oversold. Currently, RSI is at 26.94.
MACD Crossover: Look for a bullish crossover where the MACD line crosses above the signal line.
Support Level: The 1.161 USD level appears to be a significant support level. If the price holds above this, it could be a good entry point.
Strategy:
Entry Point: Consider entering a buy position if ADA remains above 1.161 USD and if the RSI stays below 30 while the MACD shows a bullish crossover.
Stop Loss: Set a stop loss below the support level at around 1.150 USD to minimize potential losses.
Target: Look for a price target near the next resistance level at 1.245 USD, providing a favorable risk-reward ratio.
Sell Strategy:
Confirmation for Exit:
RSI Overbought: An RSI above 70 suggests that ADA might be overbought.
MACD Divergence: Look for bearish divergence where the MACD line falls below the signal line.
Resistance Level: The 1.245 USD level appears to be a significant resistance level. If the price struggles to break this level, it could signal a good selling opportunity.
Strategy:
Entry Point: Consider entering a sell position if ADA reaches the resistance level at 1.245 USD and the RSI is above 70 while the MACD shows a bearish divergence.
Stop Loss: Set a stop loss above the resistance level at around 1.260 USD to minimize potential losses.
Target: Look for a price target near the next support level at 1.187 USD.
Summary:
Buy Signal: At 1.161 USD with RSI below 30 and MACD bullish crossover.
Sell Signal: At 1.245 USD with RSI above 70 and MACD bearish divergence.
By considering these technical indicators and key price levels, you can form a more informed trading strategy. Remember to adjust your risk management parameters according to your risk tolerance.
ADA Bearish SharkI am so torn on ADA. I believe we are completing or have completed the crash. If we go a little lower I will add to my bag. I believe we follow the pattern in the next bull market. Please do you research as this is not a financial advice
ADA/USD: Bullish Momentum with Impulse Edge & Dynamic BreakoutThis analysis highlights Algorand's (ADA/USD) bullish performance using the Dynamic Opening Range Breakout and Impulse Edge Detector. Multiple "BUY" signals showcase strong momentum, and the breakout above key levels confirms the uptrend. With volume increasing steadily, this could indicate continued strength. Thoughts on the next move?
Cardano - Repeating the +3.000% bullish cycle!CRYPTO:ADAUSD is creating price action like back in 2020 and we might see a rally soon.
Looking at the higher timeframes allows you to massively capitalize on overall market swings and cycles. Especially when it comes to Cardano, these cycles are pretty rewarding but also pretty predictable. At the moment, Cardano is repeating price action; we saw the same pattern playing out in 2020 and this break and retest was followed by a rally of +3.000%
Levels to watch: $0.42, $0.25
Keep your long term vision,
Philip - BasicTrading
If ADA flips the 200ma to solidified support next target = $1.13Subject says it all.. I kept some of the previous channels’ trendlines on the chart just n case we see any sort of correction as potential supports. WIll like previous Cardano chart with pattern whose target just got hit below.. *not financial advice*
ADAUSD heading towards 1.5ADAUSD consolidated and now heading towards the 1.5, if breaks the resistance of 1.13. let s see.
potential IH&Spossible IH&S on the 4hr, volume dropping off in pattern as well. Looks like target is still 1.20 for now.
Cup completed now forming handle The cup was fully formed at $1.15 level. The handle is forming now.
Key resistance zones:
$1.20
$1.25
$1.50
There will likely be sideways and volatile movement at each point
Cardano mega bullish.With the current news of Charles Hoskinson's announcement, popularity is rising in this coin.
This coin will continue to increase after a little retracement from this run.
Good Luck!
breakout?do i have these flag patterns drawn correctly? Getting back into trading. Breakout confirmed?
Cardano Long - Nice head and shoulders pattern on the 1h with a break of the descending trend line and re/test of the 1h 20ema and .382 fib levels
- Entry came on the 15 minute time frame where a small ascending trend line formed.
- Playing this to possibly 1.1500 with a stop loss just under the HL
ADAUSD | Wave Analysis CUP&HANDLE Formation +200% TargetA potential ABC correction - cup with bull flag / flat handle ABC formation which currently retraced 61.8% of the A/1 wave with a possible a.4-a.5 stop hunt ending diagonal for a second false breakdown.
Entry Position: Once price successfully recovered from the false breakdown support zone which could be a few attempts since wave 4 often a complex triangle.
Indicator support: RSI bullish divergence in TFD confirmation of the a.5 wave.
Target Position: TP1 @ 161.8% and TP2 @ 200% Fibonacci extension +200%!
Invalidation: Below the lowest price position.
Always trade with affordable risk and respect your stop,
Good Luck
Elliott Wave View: US Dollar Index Turning LowerDollar Index (DXY) has reached 100% Fibonacci extension from 7.17.2023 low and ended the cycle. The rally is unfolding as a double three Elliott Wave structure. Up from 7.17.2023 low, wave (W) ended at 107.34 and wave (X) pullback ended at 100.15. Wave (Y) higher ended at 108 which completed wave ((W)) in higher degree as the 1 hour chart below shows. Wave ((X)) is currently in progress with a possible zigzag structure. Down from wave ((X)), wave (i) ended at 107.31 and wave (ii) ended at 107.71. Wave (iii) lower ended at 106.8 and rally in wave (iv) ended at 107.24.
Final leg wave (v) ended at 106.58 which completed wave ((i)). Wave ((ii)) rally ended at 107.5 with internal subdivision as a zigzag. Up from wave ((i)), wave (a) ended at 107.14 and wave (b) ended at 106.77. Wave (c) higher ended at 107.5 which completed wave ((ii)). The Index has resumed lower again in wave ((iii)). Down from wave ((ii)), wave (i) ended at 106.49 and wave (ii) ended at 107.19. Wave (iii) lower ended at 106 and wave (iv) ended at 106.4. Final wave (v) ended at 105.85 which completed wave ((iii)). Wave ((iv)) rally ended at 106.41. Expect Index to extend lower in wave ((v)) before turning higher in 3 waves. Near term, as far as pivot at 108.08 high is intact, expect rally to fail in 3, 7, or 11 swing for further downside.
