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ADAUSDT trade ideas

Lingrid | ADAUSDT level REJECTION. Potential BEARISH moveBINANCE:ADAUSDT reached the resistance zone at 0.39, where it rejected this level by forming an engulfing candle pattern. Over the past two months, the market has been moving sideways on the daily timeframe. However, the overall trend remains bearish, similar to many other altcoins. Given that the market has reached the top of the range, I anticipate a pullback as it continues to consolidate in this zone. Furthermore, the market has formed an ABC pattern, which typically suggests that a retracement is imminent. This further increases the likelihood of a pullback from the resisatnce. My target is support level 0.36 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
7
Cardano (ADA) — Worth WatchingAfter months of a downtrend, ADA seems to have found a bottom. Finally, slightly above the $0.30 level. Moreover, ADA printed a higher low on the daily timeframe, signaling buyers are stepping in at this level. However, it's definitely not time to rush into a trade yet. In this post, I will explain everything you need to know to set up a proper trade. So, let's dive in! 1️⃣ Key Resistances to Watch Let's start with the most important: ADA is approaching three critical resistances converging in the same region. ‣ EMA 200: ADA has been trading below the 200 EMA for months, with multiple failed attempts to break through. ‣ Upper Trendline of the Descending Channel: This trendline has been ADA's primary resistance during its downtrend. Breaking out of this channel could trigger a significant move. ‣ Recent High: ADA’s previous high aligns closely with these levels. 2️⃣ Trade Setup If ADA can break above these three key levels, it could spark a massive rally. But until that happens, it’s too early to enter. ‣ Entry: Wait for a break and close above $0.42. This level will confirm the breakout from the EMA, the descending channel trendline, and the previous high. ‣ Target 1: $0.50 — First logical resistance after the breakout. Offers a potential ~20% gain. ‣ Target 2: Slightly below $0.60 — Stronger resistance and a potential 40% gain from the $0.42 entry. ‣ Stop Loss: To manage downside risk, a safe stop could be placed below $0.38, just under the recent higher low. 3️⃣ Volume Insight The volume will be crucial in confirming any breakout. If ADA can push through these resistances with a significant increase in volume, it could trigger a longer-term trend reversal. However, without volume support, the chances of a false breakout increase. In summary, the technical setup is compelling, but patience is key. Wait for a confirmed breakout before entering. If ADA can push through $0.42, it could signal the start of a strong rally.
Long
by ben_walther
ADAUSDT potential drop from the Resistance zoneADAUSDT shows a bearish trend on the daily chart, though it currently appears to be in a consolidation phase, similar to the broader sideways movement in the crypto market. The price has formed a range below the 0.35 resistance level, suggesting a potential decline to retest the support areas. The appearance of a doji candle on the daily timeframe indicates a pause in the recent upward movement, even with the overall bearish sentiment. The price could drop into a consolidation zone between 0.30 and 0.34 as the market looks for stability. The target is the support level at 0.3250
Short
by RTED_Investing
ADA 1H - 4H Area to watchADA 1H - 4H Area to watch Possible pullback in this area to 0.33 - 0.36 to gain momentum and definitively break the current bearish channel that has been marking the evolution of the price since May 20. As always in these cases, we have to analyze what the price does. If it breaks upwards we will position ourselves bullish, but if it breaks downwards, we can buy ADA at the support of the triangulation waiting for an impulse that breaks the resistance. In case of losing the base of the triangulation, we will be out of the value waiting for new signals. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in development and will soon be ready for BETA testing. FOLLOW ME, and I will keep you informed of the progress we make.
Long
by DeuXfi
Adausdt trading opportunityADAUSDT corrective phase persists, with the price having recently emerged from a falling wedge pattern. Subsequent to this breakout, the price has entered a phase of consolidation. It is anticipated that there will be a retest of the designated BUY BACK ZONE. Achieving this zone sets the stage for the price to ascend and challenge the established strong supply zone. Vigilance is advised regarding the primary trendline depicted on the chart, as a price descent through this trendline could trigger a shift towards the critical demand zone. Further updates will be disseminated as the price action unfolds. Your engagement through comments and appreciation of our work via likes is welcomed and appreciated. Thank you.
Long
by weslad
6
Inverse Head and Shoulders ?The inverse head and shoulders pattern is a widely recognized bullish reversal pattern in technical analysis. For ADA/USDT on the chart, this pattern could indicate a potential trend reversal from a downtrend to an uptrend. The pattern typically consists of three troughs, with the middle one (the head) being the lowest, and the two others (the shoulders) at a similar height. If ADA/USDT forms this pattern, a breakout above the neckline—drawn through the peaks of the two shoulders—would increase the probability of a bullish move. Traders often wait for a confirmed breakout with significant volume to gauge the strength of the reversal, with the pattern's target price typically being the distance from the head to the neckline projected upwards from the breakout point. However, external market factors and overall cryptocurrency sentiment should also be considered before concluding the likelihood of a strong upward move.
Long
by afktraders
1
Could Cardano price go to USDT1.9840 in 2024?Current Cardano or ADA price is USDT0.6813 as per 29 Feb 2024. Currently the price of all Cryptocurrency is going up due to the approval of Bitcoin spot ETF in the US and the anticipation rally of the Bitcoin Halving in some time around April 2024. These are the current strong tailwind driving the Cryptocurrency market higher before the Bitcoin Halving. If there is no Strong Headwind coming into play on the FED's FOMC in 20th March 2024 and all the FOMC meeting this year. Then there could be a most likely case for a Bitcoin Halving rally this year. If FED's FOMC decision to cut rate remain as per the January 2024 meeting with 2 to 3 rate cut this year around 50 basis to 75 basis point. Then FED will decision on FOMC will not be a strong headwind. However, there might be others coming event will be a strong headwind for cryptocurrency market example like more wars in the world or geopolitical tension involving the USA. The potential mild recession in the USA (not very likely due to current Data in Jan 2024). I am waiting for a bad PCE number today for this price of Cardano to drop to around USDT 0.5711. The price might also go lower to USDT 0.4584 if the Feb 2024 CPI, PPI and PCE numbers are hotter than expected. There might be potential some pull back even when the Fed's FOMC direction remain unchanged of 2 to 3 rate cuts. A dip. This year peak could be at USDT1.9840 if not strong headwind appears in Q1, Q2 or Q3 but appears in Q4. If no strong headwind appears the price could even breach the previous record high at USD3.10 (roughly around there). Trader should by the dip for Cardano from March 01, 2024 to March 20, 2024. If no bad PCE news then just buy now and keep the token for Bitcoin Halving rally.
Long
by juntech8