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ADAUSD trade ideas

ADA price set to achieve $1 shortlyRecent Surge: ADA experiences a 7.31% jump, indicating a bullish momentum. Breakout Potential: Teasing a breakout above the $0.68 mark, aiming for $1. Bitcoin and Crypto Market Boom: As Bitcoin hits $64,000, the crypto market exceeds $2.30 trillion, boosting altcoins including ADA. Recovery and Retest Success: Following a successful retest at $0.57, ADA is on track for a new 52-week high. Current Trading Position: Trading at $0.675 with a notable 7.31% intraday growth and a 134% surge in trading volume. Market Cap Ranking: ADA holds the #8 spot with a $24.25 billion market cap. Technical Indicators: The MACD indicates a bullish crossover, signaling a potential price trend reversal. Breakout Rally to $1: The ADA price is positioned for a breakout rally, with a close above $0.70 signaling an entry for traders.
BINANCE:ADAUSDLong
by Coinpedia-Market-Insight
Cardano ADA targets $13 by November 2025 - Minimum 2,000% gainsHi everyone! In this publication, we will dive in the technicals and boom and bust cycles of Cardano or ADA : Short-term: ADA will likely hit $1.17-1.24 in March 2024 and pull back down to retest the previous top as support at 0.69-0.59c ~ which would be a great buying opportunity if it comes along. Reaching the ATH could be possible but currently is a low probability as the bulls are lagging a bit behind. It is likely that the test of the ATH would come much later in Q4 2024 or Q1 2025. Midterm: There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case ADA s clearly displaying those bottoming bull reversal patterns although still unconfirmed: (1) Basing with a double bottom at 0.262-0.219c (2) Rounding bottom (half blue circle) Long-term: ADA is still attempting to break the top resistance block (red box) at 0.60-45c and is still very far from breaking the previous ATH at $3.10 which may come much later in Q2 2024 as mentioned earlier. So buying know at 0.58c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make at minimum 2,000% in gains if my 2025 Megabull forecast plays out as expected and we see ADA top at either T1: $13 or at T2: $20-23 by October-December 2025. Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of ADA and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at $2.75-1.90 (more or less previous top holding as support and a good 83% drawdown from the T1 ATH). Closing Notes: This historical multiyear chart is my attempt at forecasting the action of Cardano for the next 4 years and will be updated regularly. Please give a like and follow to this chart if you appreciate this chart and the work put behind it. Best of luck and happy trading! Carl M.
BINANCE:ADAUSDLong
by BitcoinGuru
1
Start of a new begining for CARDANO?you can tell I tend to lean on large time frames based on my last 2-3 posts. This isnt any different. ADAUSD has been beaten down bad from highs in Aug 2021, with no trend reversal in sight. Just straight blood bath. Fortunately for us, now, reading this post... there is still time to buy or DCA into ADAUSD and reap the rewards of a possible upside reversal. this upside reversal is known as Wycoff Accumulation Phase . It's part of price action where: price of an asset sells off, finds a bottom and consolidate, to then later break out of consolidation and trend UP. Google it and come back to the 1W chart on the right hand side. Crazy. 3M: I like to understand where money is being poured into the last 3 months, or quarter. Last quarter we see some money being pumped into ADA based on candlestick and volume bar. 1W: not much to say that i didnt already. Google wycoff accumulation phase, come back and compare it to the weekly chart. If pattern plays out, I think cardano can hit 1.60-1.80. Im pretty excited for the next 3-6months. DCA and chill fam.
COINBASE:ADAUSDLong
by NCEJ_LL
ADA → Cardano Pullback Followed by New Highs? Let's Answer.ADA completed its measured move to $0.68 and has now completed two legs down in a pullback to Support Zone #1. Should we long here? How do we trade this?  🤔 Support Zone #1 has held through two failed attempts to break down. We have a strong bull bar leading into the Daily 30EMA where we are now seeing some resistance. The RSI is around 50 and above the Moving Average, another sign for a long position. The only thing we're missing is a solid Risk/Reward Ratio, which requires the price pullback a bit more before we can enter the market. We ought to target at least a 1:2 Risk/Reward, but I believe we have the runway for a 1:3 Risk/Reward given the distance to the previous high of $0.68. Target the $0.487 area for an entry and place a stop loss below Support Zone #1 around $0.44, the first Take Profit at $0.535, and the final Take Profit around $0.63 or until you see a sell signal. Move the stop loss up to the entry price when Take Profit #1 is hit to lock in profits. 💡 Trade Idea 💡 Long Entry: $0.4875 🟥 Stop Loss: $0.440 ✅ Take Profit #1: $0.535 ✅ Take Profit #2: $0.630 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Two-legged pullback after a bull run 2. Two failed attempts to break Support Zone #1 3. Strong bull bar after pullback into the Daily 30EMA 4. Wait for the price to pullback to the $0.487 area for an entry 5. RSI at 50.00 and above the moving average, supports long bias. 💰 Trading Tip 💰 Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
KRAKEN:ADAUSDLong
by TraderEngineering
Uptrend | Cup and Handle Overall Trend: The chart shows a general uptrend, as indicated by the higher lows and higher highs, especially noticeable from November to early December. This suggests that Cardano has been experiencing bullish momentum during this period. Potential Patterns: Cup and Handle: From the start of the chart up to November, there appears to be a rounding bottom, or a "cup," followed by a smaller dip that could represent the "handle" part of a cup and handle pattern. However, the handle typically shows a slight downward trend, whereas the chart shows more of a sideways movement. This pattern is usually a bullish continuation signal. Resistance Break: In December, there appears to be a sharp upward movement that breaks past previous resistance levels, which may signal a strong bullish sentiment. This could have been an optimal entry point for a long position. Consolidation: After the sharp rise in December, the chart shows a period of consolidation, with the price moving sideways with slight fluctuations. This consolidation period can sometimes precede a continuation of the prior trend or a reversal. Volatility: There was a spike in volatility in December, as indicated by the sharp rise and subsequent falls. The price seems to have stabilized somewhat after that period, with fewer sharp rises or drops. Current Position: As of the last visible part of the chart, the price appears to be on an uptrend, making higher lows, which could indicate bullish sentiment in the market.
BINANCE:ADAUSDLong
by esav
Uptrend | Cup and HandleOverall Trend: The chart shows a general uptrend, as indicated by the higher lows and higher highs, especially noticeable from November to early December. This suggests that Cardano has been experiencing bullish momentum during this period. Potential Patterns: Cup and Handle: From the start of the chart up to November, there appears to be a rounding bottom, or a "cup," followed by a smaller dip that could represent the "handle" part of a cup and handle pattern. However, the handle typically shows a slight downward trend, whereas the chart shows more of a sideways movement. This pattern is usually a bullish continuation signal. Resistance Break: In December, there appears to be a sharp upward movement that breaks past previous resistance levels, which may signal a strong bullish sentiment. This could have been an optimal entry point for a long position. Consolidation: After the sharp rise in December, the chart shows a period of consolidation, with the price moving sideways with slight fluctuations. This consolidation period can sometimes precede a continuation of the prior trend or a reversal. Volatility: There was a spike in volatility in December, as indicated by the sharp rise and subsequent falls. The price seems to have stabilized somewhat after that period, with fewer sharp rises or drops. Current Position: As of the last visible part of the chart, the price appears to be on an uptrend, making higher lows, which could indicate bullish sentiment in the market.
BITFINEX:ADAUSDLong
by esav
Cardano #ADA: Chart Analysis on the Daily Chart 📊📈Taking a glance at Cardano BINANCE:ADAUSDT within the daily timeframe, we observe that Wave 1 and Wave 2 (in red) have already been completed since the beginning of 2023, and it appears that teh red Wave 3 is now also finished. Yes, I acknowledge that Wave 2 has minimally fallen below Level C – thank you for pointing that out. Our entry point at Wave 4 at $0.457 was triggered and has performed quite well so far. It remains to be seen whether there will be further downward movements in the coming days. Examining the 1-hour chart and noting the low at $0.44, we might assume that once we surpass Wave 4 (the very subordinate Wave 4 in black) – that is, above $0.52 – our current scenario with a 5-wave structure will continue. 📊📈🚀
CRYPTO:ADAUSDLong
by freeguy_by_wmc
1