Cardano (ADA) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Cardano (ADA) coin with US Dollar pair.
Previously we caught almost 183% pump of ADA as below:
Now on a 4-hr time frame, ADA has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Cardano
ADA Elliott wave clarity?!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ADA update.
This one shook me a bit, so I left it.
I think there is clarity in this ZZ(Fam).
A clean #Elliottwave ZZ, typically means R2O.
Need an internal retrace here above
.4715.
BINANCE:ADAUSDT
💎 BTC/USDT - Bull or Bear ? (READ THE CAPTION)As you can see, Bitcoin had an initial correction up to $46,600, but it came back with demand and is currently trading in the range of $48,300! Until this moment, we have not seen a strong negative reaction from Bitcoin, and this means that the power of the Bulls is still high! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
CARDANO - MY MOST BULLISH SCENARIO"This chart illustrates the trajectory of Cardano (ADA), projecting the patterns observed in the previous bull cycle onto the current one. As you may observe, we have surpassed the boundaries of the green zones, forming a supportive candle. Based on this observation, I anticipate a price increase of 4100% from the current level, reaching a peak within approximately 48 weekly bars, with a target of $19 by December 2024."
Ada heikin ashi reversalif you know how heikein ashi works, well this is kinda bullish, the down trend is slowing down, and we could easily see a green heikin ashi bar path come up, a V shape return is very possible in my opinion too. And unlike the other currencies, ada dropped like 50%+ in the past couple weeks, and it's hitting major support, macd is ready for a cross and rsi is ready for a return, I really don't think it can go any further down. Bitcoin going back up definitely helps too.
ADA/USDT Primed for an Upward Trajectory from Demand Zone? 👀💎 Paradisers, get ready as #ADAUSDT showcases a promising pattern, operating within a demand zone and preparing for a bullish ascent.
💎 #Cardano has been showing respect for the support level at $0.4671, with the price currently gaining momentum in the demand zone, indicating a high likelihood of an advance towards overcoming the formidable resistance at $0.7337.
💎 However, as strategic traders, it's crucial to consider all outcomes. Should our initial expectations not materialize, a bullish push from the support at $0.4671 remains on the table, with a fall below this point potentially leading to a notable decline
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could be followed by an upswing in price with +20% upside potential to $0.60. The breakout was successfully retested. Stop Loss at $0.44, just below the prior swing low.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
💎 BTC/USDT - $47,000 Reached , What's Next ? (READ THE CAPTION) Bitcoin reached $47,700 ! As you can see, according to our expectation, Bitcoin finally managed to start growing from $42,000 and hit all the targets we had set for it! The price has already reached its highest price in a month and we have to see how the price will react to this important supply range (from $47,700 to $49,000)! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, respectively!
The Main Analysis :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
BTCUSDT|Support important demand areaHello friends, I hope you are well.
Today, we were able to identify the market trend very well with forex analysis, I hope you have used it.
Have a new update of Bitcoin.
In the previous analysis, we expected to see a drop in our supply area, but the second scenario happened and our target supply area broke up.
In the continuation of the updates that I posted, I specified a new demand area, which we saw upward movements with a drop in this demand area.
Now we expect that it will continue to grow and reach the supply area that I specified, which is the area (45760-46360) .
On the way up, there is also the FVG area, where it is possible to return from this area.
🔥 ADA Triangle Break OutAfter 6 weeks of bearish price action, ADA has broken out of a bearish triangle pattern. Boosted by Bitcoin's bullish move, investors are flocking to ADA and are potentially pushing it back to the December 2023 highs.
In order to optimize the risk-reward, we're keeping the SL relatively close.
Cardano Time? 📊🚀 Cardano's Critical Threshold: Will ADA Soar to New Levels? 🌟💹
Cardano holders, brace for impact! Our analytical journey has led us to a pivotal moment for ADA. Remember when the market was engulfed in fear and we warned of the 'zombie' at $0.25? Now, we're witnessing a remarkable turnaround.
The all-time trendline painted in blue never got tested—instead, ADA rebounded with vigor on January 24th, bypassing the critical $0.4962 resistance level. Currently, ADA finds itself with psychological support at the 50-cent mark and strong technical support at $0.495, gearing up for a third and typically decisive test of the $0.679 resistance.
What's beyond that? A breakout could send ADA on a parabolic run to $1.19, then $1.47, and even further to a formidable target between $2.7 and $2.9. The odds? A 64% chance of breaking above $0.68 and climbing higher. Yet, we still need to conquer this crucial level.
This isn't merely a technical analysis; it's a narrative of Cardano's resilience and potential. As for my position, it remains firmly open. I'm not swayed by quick gains or pressure to close—this trade is a marathon, not a sprint.
For those aligned with this analysis, consider this a prime re-entry point into ADA. As always, conduct your due diligence and trade in harmony with your strategy.
One Love,
The FXPROFESSOR 💙
Will the cardano/Ada rally continue? Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process.
It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support.
If this trend keeps going, I am expecting the 0.618 @ 0.58 as the first target, then the 1.618 @ 0.80 as the second target.
CARDANO - Liquidity MasterCardano (ADA) exhibits a dynamic pattern of moving strategically between liquidity levels within a range. The cryptocurrency consistently capitalizes on liquidity shifts, alternating between shorting at the high range and going long at the low range. Utilizing manipulative tactics, ADA positions itself to align with market movements. The current expectation is for another liquidity sweep at the 4-hour timeframe level of $0.48, followed by a potential ascent to $0.60.
🔄 Range-Bound Behavior:
ADA's price action is characterized by a recurring pattern of navigating within a range, tapping into liquidity levels for strategic positioning. The cryptocurrency adeptly maneuvers between short and long positions, taking advantage of market dynamics within the established range.
🚀 Strategic Use of Manipulations:
ADA employs manipulative tactics to align itself with prevailing market sentiment. The deliberate execution of short positions at the higher range and long positions at the lower range demonstrates a strategic approach to leverage liquidity shifts for optimal trading opportunities.
🔍 Anticipating the Next Liquidity Sweep:
The anticipation is for ADA to execute another liquidity sweep on the 4-hour timeframe, targeting the level of $0.48. This maneuver sets the stage for potential upward momentum, aiming for a subsequent rise to $0.60. The strategic use of liquidity sweeps is a key element in ADA's trading strategy.
💡 Trading Strategy:
Traders observing ADA should be vigilant for the anticipated liquidity sweep at $0.48 on the 4-hour timeframe. Confirmation of successful execution and subsequent upward momentum could present favorable conditions for entering long positions. Implementing risk management strategies, such as setting stop-loss orders, is essential in navigating market volatility.
🔮 Future Outlook:
The technical analysis suggests that ADA is actively utilizing liquidity shifts within its established range for strategic positioning. Traders should closely monitor the execution of the anticipated liquidity sweep at $0.48, as it may serve as a precursor to a potential rise to $0.60. The dynamic nature of the cryptocurrency market underscores the importance of adaptability and risk management in trading decisions.
"Cardano Signals Bullish Reversal with Chart Pattern"ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation
ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle formation spanning over the past year and a half, coupled with short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook.
Understanding ADA Cardano
ADA Cardano is a decentralized platform that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (DApps). Founded by Charles Hoskinson, one of the co-founders of Ethereum, ADA Cardano has positioned itself as a leading contender in the competitive landscape of blockchain technology.
The Double Bottom Cup and Handle Formation
A double bottom cup and handle formation is a bullish chart pattern that typically occurs after a prolonged downtrend, signaling a potential trend reversal. The pattern consists of two low points (the "bottoms") separated by a peak (the "cup"), followed by a smaller pullback and subsequent breakout (the "handle"). In the case of ADA Cardano, the formation of this pattern over the past year and a half suggests that the cryptocurrency may be poised for a significant upward move.
Short-Term Support and Recent Lows
In addition to the longer-term double bottom cup and handle formation, ADA Cardano is currently testing short-term support levels near recent lows. This consolidation phase serves as a crucial juncture for the cryptocurrency, as it establishes a base from which a potential breakout could occur. The ability of ADA Cardano to hold above these support levels despite market volatility bodes well for its bullish prospects.
Bullish Outlook
The combination of the double bottom cup and handle formation and the successful testing of short-term support levels paints a bullish picture for ADA Cardano. Traders and investors are closely monitoring the price action, anticipating a potential breakout to the upside. Positive developments within the ADA Cardano ecosystem, such as the upcoming rollout of smart contract functionality through the Alonzo upgrade, further bolster confidence in the cryptocurrency's long-term prospects.
Conclusion
In conclusion, ADA Cardano is exhibiting a compelling chart pattern in the form of a double bottom cup and handle formation, spanning over the past year and a half. With short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook, with the potential for a significant upward move in the near future. As market participants eagerly await confirmation of the breakout, ADA Cardano remains a cryptocurrency to watch closely for potential trading opportunities and investment growth.
Corrective WaveThe trend of Cardano in the 4-hour timeframe indicates that its primary trend is bearish. Price fluctuations are expected between the channel's boundaries. The recent price increase seems to be a temporary corrective wave. It's anticipated that after hitting the channel's top and forming a bearish pattern, the price will decline again. The key point is the support level, whose breach could lead to further price drops.
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could be followed by an upswing in price with +20% upside potential to $0.60. Stop Loss at $0.44, just below the prior swing low.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 - $0.42. The nearest Resistance Zone is $0.65, then $0.75.
Cardano (ADA) Bullish EW Count-In this EW count ADA is currently in a high time frame 5wave impulsive structure.
-ADA has just put in its W4 at the log 0.382.
-Price is now attempting to put in a W5 before ultimately, we have a bigger W2 correction.
-Currently looking for W5 to take out $0.70.
-Expecting W5 to top out around $0.73 as this is the 1-1 extension from W1.
-Could see an extended W5 that pushes up to $1 as this is the 1.618 extension from W1
-Once W5 has been put in, expect a bigger W2 to be put in.
-I expect W2 to retrace between 0.5 - 0.786 ($0.45 - $0.30)
-I expect W2 to last until Q3 - Q4
ADA : This FRACTAL shows New BULLRUN 📢📉Hi Traders, Investors and Speculators of Charts📈
ADA / Cardano has spent an extended period in the "Accumulation Zone" (this basically means sideways trading at very low prices). According to Wyckoff Method, this is the pre-cursor to a new bullish cycle. The new bullish cycle is identified when we see a breakout ABOVE the range trading zone.
This is where our fractal comes in. Cardano has previously done a similar thing where the price stayed in a tight rage for an extended period of time. This, was infact the precursor to the bullcycle that led to the previous ATH !
If you didn't get an entry in the accumulation zone, now is your second chance before the price starts another bullish cycle.
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CryptoCheck
CRYPTOCAP:ADA BYBIT:ADAUSDT.P BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
ADAUSDT Close Examination of Precise Fibonacci Support BounceYesterday ADAUSDT price found a steadfast support at $0.4925, offering a front-row seat to a precise bounce off the 261.8% Fibonacci level. However, the plot thickened as the price briefly broke lower, only to stage a recovery and resume trading above the crucial support level.
The unfolding narrative places a spotlight on today's daily closing price—a pivotal moment that could shape Cardano's trajectory. If today's closing price holds above the current support, we may be on the brink of witnessing a substantial rally.
This isn't just about numbers; it's a tale of Cardano's ability to weather storms, find support in unexpected places, and defy downward pressures. The next chapters hinge on the closing price today, as Cardano enthusiasts eagerly anticipate a resurgence. Stay tuned, as the daily chart holds the key to unveiling ADAUSDT's next move in this gripping market saga.
💎 BTC/USDT - Bullish or Bearish ? (READ THE CAPTION) By checking the Bitcoin chart in the 4-hour time frame, we can see that based on the previous analysis, the price grew up to the range of $42,200, and then faced a heavy fall and corrected up to $38,500! After that, the price started to grow again and now it has entered an important range of supply in the $42500 zone! If the price stabilizes below this supply range , we will probably see a further drop in Bitcoin! The second (Bullish) scenario becomes valid if the price penetrates above $43,500 and stabilizes, in this case, Bitcoin will reach higher levels such as $45,500, $45,900 and $46,790!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
When will the Cardano ADA price be above $1 ?If we apply Elliott wave analysis to the ADAUSDT price movement, we will see very harmonious proportions.
It can be assumed that the ADAUSD price is currently at the stage of a correctional wave - 4 - and in order to continue its dynamic growth, it is not advisable for the ADA price to fall below $0.40-0.46. (despite the fact that it has already reached $0.465)
If this condition is met, then in the near future (Q1 2024), as part of t he -5- impulse wave , the price of Cardano ADA will have every chance of crossing the $1-1.10 mark, or even higher.
As always, we are waiting for your thoughts in the comments below the idea.
cardano getting ready for bullish impulse already trending towards upside and recently breaks another falling wedge consolidation too with strong volume
seems like ada is ready for another higher high expecting bullish wave towards 0.82 to 0.85$ in coming days keep eyes on that and keep risk under control