Adausdlong
ADA/USDT BUYING SETUP (SCALPING)Buying #ADA/USDT (SCALPING)
$ADA Breakout symmetrical triangle and now has retesting . when correction showing low volume this is good for movement
BTC potential IHNS pattern and this the reason i brave to scalping setup
Buy zone : 0.4855 - 0.46
Target : 0.5147 - 0.5432 - 0.5728 - 0.6074 - 0.6640
Stop : 0.44
ADAUSD Weekly Double BottomADAUSD is showing a double bottom on the weekly 'Gaussian Channel' Indicator which shows strong points of support and resistance within a channel
ADA is breaking up out from a downtrend previously formed
This downtrend is small however (considered on the weekly timeframe)
On the Monthly timeframe the downtrend isn't really considered at all, price is way above the Channel, displaying the bull nature on this timeframe
ADA LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on CARDANO as price shifted the market strucutre from bearish into bullish making the move above the last high (bos area) right now the price is filling all the bullish imbalances and if price reaches 0.90$ psychological area + bullish orderblock h4 i think a LONG entry would be nice.
What do you think ? Comment below...
ADA LONG HOLDADA just finished 1 to 5 Elliot Wave Theory downwards, broke out of a downtrend and started an ABC correction, we are forecasting that we already finished B wave of a correction because it is 61.8% zone of a fib retracement so we expect price to reverse and start to rise until it hits liquidity zone in $2.37 zone.
Cardano blockchain is in the actions of implementing Vasil Hard Fork in beginning of the summer (June of 2022) we already saw first stages and after every one of them being implemented price risen so as Cardano blockchains TVL. This Hard Fork implementation will allow it to deal with more dApps and improve users experience also NasdaQ has listed Cardano as one of the coins to buy and hold forever, so once this Fork will be launched in the market we should see price sky rocket.
Target 2.368
Invalidation: 0.778
Entry: 0.97
ADA IS AT A NICE PSYCHOLOGICAL ZONE OF $1.2I remember buying this asset at $0.9+ as displayed in my ADA analysis. I also remembered selling off after making some good profit. But the sale was a premature sale compared to what the price is now.
anyway, ADA has rallied to $1.2 zone following all the beautiful tokenomics ( positive news) lately. However, I see ADA coming down to $1 zone once again, if this ever happens, then it will be AN AMAZING opportunity to buy this asset once again.
Long term, I see ADA pushing up to FIB38.2, FIB50 and FIB61.6 which happen to be $2.2 zone.
always remember that fundamental has a significant effect in crypto trading or investment.
KINDLY:
LIKE, COMMENT, FOLLOW AND CRITICIZE THE TECH ANALYSIS.
ADA FIRST RESISTANCE PASSED. WHAT'S NEXT? After we broke the R7 resistance, the S1 support automatically appeared, the R7 resistance is the resistance level from the 4-hour timeframe, the daily resistance coincides with the R6 resistance, which is indicated on the chart, this is a very important and global resistance from the daily timeframe, as I wrote earlier and pointed out that only after breaking and fixing above this resistance there will be an actual trend reversal, but this is already a success and I didn’t think I would say it, but I would very much like the price on the chart to roll back below the broken resistance R7, so that you can buy on the rollback the best price. But things can change quickly and we can make a breakdown at the moment LR1 and go higher. We observe and follow.