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Cardano

Reversal and Ascending PatternsCardano shows it's in an upward trend, identified by higher lows and highs, suggesting buyer strength. An ascending trendline, acting as support, indicates ongoing bullish momentum. Price corrections within a specific range have led to reversal patterns, highlighting buying opportunities. It's expected that ADA's price will test the identified resistance level, with a potential breakthrough signaling a continued uptrend. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
🚧ADAUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one ➡️ADA has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ADA is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! 🟡Summery: -ADA has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
5
CARDANO - New All Time High Incoming... But Why?I'm currently analyzing the top 50 cryptocurrencies, utilizing AriasWave to comprehend the dynamics influencing their movements and investigating the reasons behind certain cryptos continuing to ascend. In the upcoming video, I delve into my perspective on this phenomenon, outlining the reasons I believe it's occurring and offering insights into future expectations. Stay tuned as I share a series of these ideas in the weeks ahead, concluding 2023 and gearing up for what awaits us in the future. Entry: At Market. Target: $3 Percentage Gain: 400%
BINANCE:ADAUSDLong
by AriasWave
ADA Head & Shoulders on 6H?This is my first post on TV and I am pretty new to TA, so positive constructive criticisms are welcome. Started looking at this H&S pattern forming on the 6H and it puts a target price of around .44-.45 cents if it plays out. That price level is also confluent with the 200 day MA, which would be a major zone of support. If I were looking to put in a long trade or accumulate, I would shoot for the .45 cent range (about 18% dip from current price of .58). If I were looking to short, I would wait for bearish confirmation by breaking the .55 level and putting in the short trade at that time. This can be invalidated with a move above the .60 cent range in convincing fashion. NOT FINANCIAL ADVICE | I AM A NOVICE TRADER!
COINBASE:ADAUSDShort
by coinkoios
ADA: Pullback in UptrendTrade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend. However, price got very overbought (RSI > 75) just as it reached $0.65 resistance and pulled back on some profit taking. Now we wait for price to either 1) break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next, or 2) pull back near $0.46 support for a swing entry in Uptrend with upside potential back to $0.65 or even $0.75. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). 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.
Long
by altFINS
Cardano: Dive in deeper! 🤿 Cardano fell back to our magenta Target Zone between $0.5510 and $0.4430 over the last seven days. However, it did not dip very profoundly and quickly moved back up. According to our primary assessment, the low of the magenta-colored wave (iv) has not yet been placed, but there should be another deeper dip. That being said, it should be noted that the minimum requirement for the low has been met and that we see the price in the final stage of the magenta-colored five-part wave as part of the 30% probable alternative. This option would come into effect on a break of resistance at $0.64.
BINANCE:ADAUSD
by MarketIntel
3
Potential Surge Ahead: ADA's Outlook Beyond $0.7 Although CRYPTOCAP:ADA experienced a 78% increase in December 2023, its growth has somewhat plateaued. The asset has been trading sideways for the past two weeks, hovering between a support zone of $0.52–$0.56 and a resistance range of $0.64–$0.68. With Bitcoin's bullish trend, CRYPTOCAP:ADA 's continued rise seems likely. A key resistance level at $0.62 stands in its way, but surpassing this could lead to a potential surge towards $0.7. Conversely, CRYPTOCAP:ADA could face a deeper correction if Bitcoin’s chart reflects a downturn. In such a scenario, Cardano might retest its existing support zone and possibly probe the psychological level of $0.5.
Long
by DEXWireNews
CARDANO - +80% Banked! ✅ Time For A Drop?First of all, let us start by saying we are going via technical analysis only. Our last analysis played out nicely, banking us 80% raw gain! Technically, we are seeing a 535 zigzag pattern. We've seen 5 waves for wave A. We are now seeing 3 waves for Wave B. Expecting 5 waves lower for wave C. Trade Idea: - Watch for rejection within the fib levels - Confirmation that we've started a move lower will be a break of the red trendline - You can go on to lower timeframe to find a slicker entry using various methods such as trendline break, BOS etc - Targets: 0.23, 0.125, taper thereafter Goodluck and as always, trade safe! See our previous analysis below:
BINANCE:ADAUSD
by WicktatorFX
5
ADA: Pullback in UptrendTrade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend. However, price got very overbought (RSI > 75) just as it reached $0.65 resistance and pulled back on some profit taking. Now we wait for price to either 1) break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next, or 2) pull back near $0.46 support for a swing entry in Uptrend with upside potential back to $0.65 or even $0.75. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. 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.
Long
by altFINS
Cardano (ADA) DeFi TVL Jumps 180%, Will ADA Price Break $0.7?Cardano (ADA) is outperforming its peers in the Decentralized Finance (DeFi) ecosystem with a parabolic surge in Total Value Locked (TVL). Cardano TVL by the Numbers Per data to Data from DeFiLlama, Cardano’s TVL went through the roof, climbing from $188.65 million as of October 17 to the $529.42 million it is today. Effectively, this TVL jump accounts for a total growth rate of 180.636% within that period. This is no easy feat considering the enormous work required to attract the right liquidity into the Cardano network in the presence of DeFi heavyweights like Ethereum (ETH) and Solana (SOL). With the latest impressive uptick, Cardano’s overall ranking in the DeFi world has improved, rising to the 12th position at the time of writing. The major contributor to Cardano’s growth is Indigo, a decentralized non-custodial synthetic assets protocol built for the network. Indigo’s TVL comes in at $120.2 million and is closely followed by decentralized exchange Minswap and Liqwid, a decentralized lending protocol with TVLs of $103.77 million and $60.18 million respectively. Since it enabled smart contracts on its network, this is arguably the first time the impact of its massive developmental work on Cardano will be recognized. Among the protocols launched this year, Cardano DJED stablecoin from COTI also commands enormous liquidity with TVL pegged at $26.13 million at the time of writing. Cardano’s recognized DeFi strides come from consistent protocol upgrades by the blockchain’s parent company Input Output Global (IOG). Effectively, the locked ADA in all smart contracts represented on the network has grown from 272.27 million in January to 824.06 million at the moment. Is ADA’s Path Cleared? DeFi growth is a bullish sign in the market that might have a positive impact on price ultimately. At the time of writing, Cardano’s price is pegged at $0.617, down by 2.42% in the past 24 hours. The current bearish outlook, aggravated by the 54% drop in volume to $856,135,342 also underscores the inherent conservative sentiment in the market at the moment. Cardano typically has interesting on-chain metrics that suggest the current gloom may not last for long. Ultimately, a rebound might be plotted when this DeFi data is properly priced in and general market sentiment changes on Bitcoin ETF hype.
by DEXWireNews
1
Cardano What's your plan ?- i just made this charts to compare 2 simple ways. - i always try to keep my maths simple as possible. - How much money you can make when you short. - How much money you can make when you long. - Ada lost -93% from ATH - So if u shorted Cardano, you could have double your invest (X2). ( have to also add and calculate fees while shorting depending on exchanges..) ( around 0.04% every 4 hours for normal users ). - From last Bottom in 2020, Ada made 16000% up to his new ATH in 2021. - So if you bought ADA and keep, you would have made 160X on your investment. - So tell me, what is the most simple and easy choice ? - Short or Long ? - Stay S4fe Happy Tr4Ding !
KRAKEN:ADAUSDLong
by thecryer
4
ADA/USDT Eyeing Bullish Momentum? 👀 🚀Cardano Today Analysis💎 Paradisers, let's examine ADAUSDT as it showcases a compelling market development. Recently breaking above a strong supply zone, it is now poised to retest this level, indicating a high probability of initiating a bullish movement. 💎 Reflecting on #Cardano market journey, it has consistently navigated a descending channel pattern, breaking upwards to signal bullish movements. Presently, it is engaging in a critical retest of the robust supply zone at $0.5676. With the price maintaining momentum above this level, which is now acting as a demand zone, there’s an increased likelihood of #ADA overcoming higher supply thresholds. 💎#ADA traders must stay prepared for various market dynamics. If ADA faces challenges in upholding its bullish momentum and slips below the current demand level of $0.5676, we might witness a shift in market trend. Traders should then consider pivoting their focus towards a bullish recovery from a lower support level at $0.4658. 💎 Crucially, if #ADA dips below this support, it would signal the need for a strategic market reassessment. Such a scenario would indicate potential obstacles in maintaining the bullish trend, necessitating a thoughtful reevaluation and adjustment of trading strategies. 🌴💰
Long
by MyCryptoParadise_Simon
ADA: Pullback in UptrendCardano (ADA) technical analysis: Trade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend and broke above $0.46 key level as well. However, price is got very overbought (RSI > 80!) just as it reached that $0.60 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking. If it pulls back near $0.46 support, that could be an attractive swing trade entry area. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.46 (previous resistance), then $0.40 – $0.42. The nearest Resistance Zone is $0.65.
Long
by altFINS
ADA/USDT upward moment preparing for potential shift? 👀 🚀 ADA 💎 Paradisers, observe closely as ADAUSDT is showing promising signs. It's currently on the verge of breaking a key supply level, suggesting a high likelihood of an upward movement following a successful breakout. 💎 In the past, Cardano has demonstrated a pattern of adhering to a descending trendline, breaking above it to initiate an upward trajectory. Presently, it's making strides to break through a supply level. Once this level is surpassed, there's a considerable chance for a bullish movement. With sustained upward momentum, ADA is aiming to target supply levels at $.4499, and may even ascend to challenge higher supply levels at $.5187, eventually aiming to reach the $.6009 supply level. 💎 For the shrewd Paradisers, timing is of the essence in seizing this opportunity. It's vital to identify the most advantageous entry points during this anticipated rise, and to be cautious of entering at peak prices. Additionally, be prepared for the eventuality of a bullish resurgence from the demand level of $.3342. Nonetheless, a decline below this demand level could indicate potential challenges to the continuation of the bullish trend. 💎 In such a dynamic and evolving market environment, strategic planning and astute decision-making are crucial. Developing a well-rounded trading strategy, which includes prudent money management and a thorough understanding of support and resistance levels, is key to achieving successful trading results. 🌴💰
Long
by MyCryptoParadise_Simon
🤖🚀 AI Elevates My Trading Game - The Future is Here! 💡🌐📈 Cardano's New Breakout is a Big one! Cardano has proven to be a lucrative choice in our portfolio, breaking past its main resistance to find support at $0.4237. This isn't just a random spike; it's a strategic move backed by detailed analysis. 🤖 The Pro's Edge: AI Amplifies my personal trading Efficiency by 15% Even as a seasoned trader, the addition of AI to my trading toolbox has been transformative. Elevating my efficiency by a remarkable 15%, this tool stands out as a market leader, opening up a world of possibilities in trading strategies. Imagine what it can do for beginners! 🔜 Future of AI in Trading: More Than Just Analysis We're on the cusp of a new era where AI transcends analysis to execute trades, automate connections to exchanges, and even respond to voice commands. The integration of advanced analytics, social metrics, and machine learning is set to revolutionize our interaction with trading platforms. 💡 Revolutionizing Trading with AI AI's evolution is poised to upend traditional trading strategies, leveraging cutting-edge technology. We're nearing the advent of the first AI-driven trading platform, offering custom learning solutions for all trader levels. 🎓 AI: A Boom for Beginners and Pros Alike AI's transformative impact is not limited to novices; it's a powerful tool for experienced traders too. For beginners, it reduces risks and enhances efficiency, making trading more accessible and enjoyable. For pros like me, it's a significant efficiency booster. 🎤 Voice Command: My Go-To AI Feature The voice command functionality of this AI tool is a standout. Whether I’m navigating through traffic or enjoying downtime, I can effortlessly get market updates or request analyses on cryptocurrencies like Cardano and Bitcoin, all hands-free. 🌟🛡️ Future of Risk Management: AI's Pivotal Role Looking ahead, AI is set to revolutionize risk management in trading. By integrating AI, we can anticipate a future where trading is less about emotional reactions and more about strategic, data-driven decisions. This futuristic approach promises a trading environment where risks are meticulously analyzed and managed, enhancing our control over investments. 📊🤝 AI: Assisting, Not Replacing in the Trading World Remember, AI is a powerful assistant, not a replacement. Our journey in trading begins with mastering Technical Analysis and crafting our own strategies. AI's role is to supplement and refine our skills, not to overshadow the human insight and judgment that are essential in trading. It's about striking a balance, combining the precision of AI with the depth of human expertise. To sum up, the role of AI in trading isn't just supplementary; it's revolutionary. It's becoming an integral part of our trading experience, offering personalized assistance and advanced analytical capabilities. I'm excited to be at the forefront of this innovation, aiding traders globally in enhancing their trading outcomes with AI. 🤝🚀Time for the Trading community (with #Tradingview being the core of this) to use AI for the benefit of all traders within collaboration and ethical approach. Looking forward into a brighter future with AI in the mix. One Love, The FXPROFESSOR 💙
Long
by FX_Professor
2
🐋 Deep Dive Part II: Whale Behavior & Market Mastery! 🌊📚Hey Crypto Enthusiasts! 🚀 In a recent analysis, I not only nailed Bitcoin's (BTC) movement but also illuminated the subsequent altcoin surge, driven by insightful whale behavior observations. Let's merge these insights with a focus on ADA (Cardano), OP (Optimism), SOL (Solana), and BTC. 📊 Cardano's (ADA) Meteoric Rise 🌟 ADA's journey began with a break above a pivotal support-resistance level. My entry point at 0.256 turned into a remarkable rally, hitting 52 cents. This movement was a classic case of altcoin buoyancy following Bitcoin's pause. Optimism (OP) and the Altcoin Breakouts 🌈 In the shadow of Bitcoin's stagnation, altcoins like OP exhibited significant breakouts, showcasing the shifting focus of market whales from Bitcoin to promising altcoins. Bitcoin (BTC) and Whale Dynamics 📉 Bitcoin's behavior provided a crystal ball into the whale activities. As BTC approached a major resistance level, it signaled a strategic move by whales to divert funds towards altcoins, catalyzing their surge. Solana (SOL) and Market Trends ☀️ Solana's chart also mirrored this trend, highlighting the broader market dynamics influenced by these significant players. 🔍 Insight on Whale Behavior: My analysis delved deep into the whale behavior, highlighting how Bitcoin's rally and subsequent pause was a precursor to altcoin dominance. This strategic pause in Bitcoin's ascent was a clear signal for the whales to redistribute their focus and capital, sparking a remarkable rise in altcoins like ADA, OP, and SOL. 🔄 The Bigger Picture - Understanding Market Shifts: What this trend teaches us is the importance of reading between the lines. Whale movements often precede major market shifts, and by understanding these patterns, we position ourselves to make informed decisions. 🧠 Future Outlook: As we continue to monitor these market dynamics, it's crucial to stay vigilant. The crypto market is known for its volatility, and while the current trend favors altcoins, it's essential to be prepared for any shifts that may arise. Always keep an eye on key resistance and support levels, market sentiment, and global economic factors that could influence the next big move. 🌐 Together, let's stay ahead of the curve in this fascinating and ever-evolving world of cryptocurrency. Your insights and engagement are what make this journey exciting and rewarding! One Love, The FXPROFESSOR 💙 part 1:
COINBASE:ADAUSDLong
by FX_Professor
2