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ADAUSDT trade ideas

Cardano ADA Will Outperform Cryptocurrency MarketHello, Skyrexians! Yesterday we considered the Bitcoin analysis where concluded that the potential growth is not going to be insane, bull market will be finished soon. At the same time on the BINANCE:ADAUSDT weekly chart we can see that price is charged for the flight. Let's notice, that Cardano has the specific bear market structure, where the corrective wave C has been finished in October 2023. Growth from the bottom was impulsive, so it could not be the wave B, in our opinion it's wave 1 of the new bull market. Since March 2024 most of crypto assets continued the bear market, but drop on ADA was not so big. It means that wave 2 has been formed already. Look at the green dot on the Bullish/Bearish Reversal Bars Indicator . This is strong bullish signal that this correction is likely to be finished, in conjunction with Elliott waves analysis we can see that the impulsive wave 3 is about to happen soon! Targets can be calculated using Fibonacci Extension. 1.61 and 2.61 corresponds to the area between $1.2 and $1.77. Note that this zone is not likely going to be the end of bull run. This is just wave 3 in this rally. Finally, we expect the new ATH for ADA in 2025. Best regards, Skyrexio Team
Long
by Skyrexio
8
ADA Update Dec. 02, 2024Based on the past two posts a few more indications of important supports/resistances to look out for. grey lines: upper one is VAH (value area high) which functions as an important support. it seems that the trendline was kinda touched (sometimes it's more of an area, not an exact point) and goes for another attempt. now, I've charted the fib extension levels (long lines) from this years previous high before the parabolic move up past month. from that we get a 161.8 and 261.8 fib extension level as possible resistances to have in mind. doing the same for the recent higher high to the recent higher low, the current 161.8 sits at around 1.32 above the high volume area in which ada has it's current resistance to break. if it attempts it and successfully (possibly) retests the resistance as support, the next line would be 1.32 (161.8 short) and then 261.8 above (longer one) which sits at around 1.67$ , but I expect it retouching the 4h trendline again inbetween or at least in the next weeks going further. we already saw an attempt higher, next level would be the outer line of the high volume zone (1.25 $) and above as stated. I just wanted to post this as a separate one in order to show the levels directly in the charts hope that helps.
Long
by mister_dukester
ADA Trendline Support and Indicators (4h Details)As in my previous post that looked at it from a weekly/daily perspective, I mentioned certain patterns emerging in the 4h view - here it is. you see rises, then consollidations - followed by further rises. it respected the trendline upwards around 7 times (if you count only full contact, then 5). and as it seems the 4th accumulation is over and takes ada to the 1.20 high volume zone (in which it may get rejected). RSI is in this view not overbought at all. Volume indicates some level of support at $1 dollar. looking at it I see BINANCE:ADAUSDT go to $1.20, correct towards trendline at around $1.05, then go higher towards $1.25 or beyond. IF it loses momentum and the trendline, the first line of possible support is at around 88 cents. volume based, the next support comes at 75 cents.
Long
by mister_dukester
ADA Trendline Support and Indicatorsgiven the current rise in BINANCE:ADAUSDT price, the weekly and daily view gives a few hints on important high volume zones and trendlines. firstly with the rise a trendline from 2018 got turned into support which was last broken during the parabolic rise of ada in 2021. the red line shows also a daily major support/resistance flip in an area in which ada found support at the end of its last bull run + resistance during its last attempt in early 2024. lookling closer at it from a 4h perspective (for whatever reason I can't add this screenshot here) you can see multiple rises and accumulations with a more or less symmetrical triangle forming until breaking out to the upside- this happened 3 times since it's major rise the past month and is breaking out it's 4th one just now. the trendline was respected several times and suggests a further rise until the "high volume zone, possible resitance". at around $1.20. but is needs to be stated that RSI is slightly overbought and might give a slight correction to $1 first, before attempting higher. but in the end - RSI is a weak and lagging indicator. ofc this is currently without Fib levels and other indicators - purely based on volume and trendlines.
Long
by mister_dukester
Cardano ADA price has risen from the "dead"While CRYPTOCAP:BTC is updating ATH, the price of CRYPTOCAP:ADA is finally breaking away from the bottom) Unfortunately or fortunately, these are the realities. Very few projects from 20-21 and even more so from 16-17 feel good and confident now, only young, hype and “light” projects are shooting up. God bless the price of OKX:ADAUSDT to rise to $0.49-0.50, then slightly adjust and then shoot up to $0.80, and if you're lucky, to $1. And for the #Cardano holders and altruists, patience to wait for that time. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
16
Cardano ( 1.5$ ) is uploading.Hello and greetings to all the crypto enthusiasts, ✌ In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Cardano , 📚💡 This stock, which gained considerable attention during its peak, has experienced an impressive surge of over 250% in the last few weeks. It has cultivated a large, engaged community across social media platforms, capturing the attention of key market players, including prominent institutional investors and influencers. Technically, I remain optimistic about its trajectory and anticipate at least another 40% potential upside . 📚🎇 The stock’s strong momentum, combined with its active following, suggests it could continue to outperform in the short to medium term. Additionally, it is highly likely that the price will test the Fibonacci support level before making its next upward move. Given the current market conditions, I see this as a favorable opportunity for further gains.📚✨ 🧨 Our team's main opinion is: 🧨 This stock has surged over 250% recently, gaining attention from both a large social media community and major market players. With a positive technical outlook and a potential 40% upside, it is likely to test Fibonacci support before continuing its upward momentum. 📚🙌 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
4
Hi! Let’s analyze Cardano (ADA) and create a trading strategy!Current Price: $1.120 All-Time High (ATH): $3.10 RSI: Approaching the overbought zone, which could lead to a short-term pullback. What’s on the chart? Cardano is maintaining its strong upward momentum, moving confidently within a bullish trend. The breakout of key resistance levels is supported by increasing trading volumes. However, technical indicators suggest that a short-term correction might occur before the next upward move. When I analyze the market, I always focus on a few critical aspects: 1️⃣ Trend: ADA is currently in a strong uptrend, supported by increasing volumes and strong buyer activity. 2️⃣ Support and Resistance Levels: Key resistance is around $1.30, while support is located at $1.10 and $1.00. 3️⃣ Volume: Rising trading volumes confirm the strength of the current trend. 4️⃣ Indicators: RSI (Relative Strength Index) is nearing the overbought zone, signaling the possibility of a short-term correction. I rely heavily on Midas Multi Indicator, which helps me see: Entry and exit points. Market manipulations by big players. Support and resistance levels. This tool saves time and provides a clearer understanding of the market. However, it’s important to remember that it’s just a tool, not a magic button. You still need to think critically and analyze the market yourself. My Trading Plan: Buying Strategy: Enter partially at the current levels. Set limit orders at $1.10 and $1.00 to average in case of a short-term correction. Selling Strategy: Take partial profits around $1.50 - $1.65 (the next resistance zone). Hold the remaining position for a potential move back to $3.10 (ATH) or even higher if the trend continues. Important Reminder: I’m sharing my actions and strategy, but this is not financial advice. Every decision you make should be well-thought-out. I trade with my own capital and take full responsibility for my mistakes. Trading based solely on other people’s signals is not a sustainable approach. No one can choose the perfect entry or exit points for you. Tools like Midas Multi Indicator can help you better understand the market, but it’s essential to use your own logic and analysis alongside them. Risks and Opportunities: Risk Level: Moderate (a correction could happen at any time). Timeframe: 2–6 weeks. Potential Profit: +165% if ADA retests its ATH. Let’s Discuss! What are your entry points and targets for ADA? Share your thoughts in the comments — let’s analyze and find the best opportunities together! And, of course, don’t forget to like this post 🚀 if you found it useful! Your feedback motivates me to share even more valuable insights.
Long
by VctMid
One spot trade per day: Entry on D1 for ADA with W-M StructureAt the start of the week, I plan to buy ADA for the long term. I assess ADA’s bullish trend by analyzing the W, M, and 3M structures, and I see that ADA is poised to approach XRP levels. While ADA lacks strong data on the 3M chart, the W and M charts show solid growth potential. I will hold ADA on spot around $1 and take profits when the W-frame adjusts downward after the first upward move. I will apply the same strategy to other coins with similar structures, such as XRP and XTZ.
Long
by rainbow_sniper
Can Cardano's (ADA) Rally Reach $2? A Deep Dive Cardano (ADA) has undeniably been one of the standout performers in November 2023, surging over 140% and reaching a multi-year high of $0.80. This impressive rally has sparked renewed optimism among investors, with many wondering if ADA can maintain its momentum and even reach the coveted $2 price point. The Drivers Behind Cardano's Rally Several factors have contributed to Cardano's recent price surge: 1. Network Upgrades and Developments: Cardano has consistently focused on technological advancements, with key developments like the Vasil hard fork enhancing its scalability and efficiency. These upgrades have positioned Cardano as a strong contender in the smart contract platform space. 2. Growing Ecosystem: The Cardano ecosystem has seen significant growth, with a growing number of decentralized applications (dApps) being built on the platform. This increased adoption has bolstered Cardano's utility and potential for future growth. 3. Positive Market Sentiment: The broader cryptocurrency market has experienced a resurgence in recent months, driven by factors such as declining inflation rates and potential regulatory clarity. This positive sentiment has spilled over into altcoins like Cardano. 4. Institutional Interest: Institutional investors have shown increasing interest in Cardano, recognizing its potential as a long-term investment. This institutional adoption can provide stable support to ADA's price. The Road to $2: Challenges and Opportunities While Cardano's rally has been impressive, several factors could impact its ability to reach the $2 price target: 1. Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur due to various factors, including macroeconomic events, regulatory changes, and market sentiment shifts. 2. Technical Resistance Levels: As Cardano's price rises, it may encounter significant technical resistance levels. Overcoming these levels will be crucial for sustaining the uptrend. 3. Competition from Other Blockchains: Cardano faces competition from other established and emerging blockchains like Ethereum, Solana, and Polygon. These competitors offer unique advantages and could attract investor interest away from Cardano. 4. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any negative regulatory developments could impact the price of ADA. Technical Analysis: A Glimpse into the Future Technical analysis provides valuable insights into potential price movements. Key technical indicators to watch for Cardano include: • Moving Averages: The 50-day and 200-day moving averages can provide support or resistance levels. A bullish crossover, where the 50-day MA crosses above the 200-day MA, could signal a strong uptrend. • Relative Strength Index (RSI): The RSI measures the speed and change of price movements. An RSI above 70 indicates overbought conditions, while an RSI below 30 suggests oversold conditions. • MACD: The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator. A bullish crossover, where the MACD line crosses above the signal line, can signal a potential uptrend. Conclusion Cardano's recent rally has been fueled by strong fundamentals and positive market sentiment. While reaching the $2 price target is not impossible, it will require sustained momentum, overcoming technical hurdles, and navigating potential market challenges. Investors should conduct thorough research and consider consulting with financial advisors before making any investment decisions.
Long
by bryandowningqln
356% ADA Profit🚀 ADA/USDT Price Analysis The Cardano (ADA) chart shows strong bullish momentum, with prices climbing steadily. Here's a breakdown of key levels: 🔼 Resistance Zones to Watch: $2.00 🛑: First major resistance. Breaking this could signal a rally. $2.4758 🛑: A critical level for medium-term targets. $3.1050 🛑: Long-term price target if the bullish trend holds. 🔽 Support Zones for Buying: $0.7490 ✅: A solid support zone where buyers previously stepped in. $0.6800 ✅: Highlighted as the "Best Zone for Buy Again" – ideal for re-entry during corrections. 📈 Upside Potential: If the bullish trend continues, ADA has a 356% growth potential, aiming for $2.4159 and beyond! 💡 Takeaway: The current trend favors bulls, but a pullback to support zones could provide better entry opportunities. Keep an eye on trading volumes and breakout confirmations at resistance levels!
Long
by ahmadarz
ADAUSDT is about to increase further more !!As you can see, the price has been able to pass the cup and handle resistance, but this does not mean that the resistance is broken. We need to wait until this weekly candle closes for the breakout to be confirmed. If we measure the AB range, which is 48 cents, and if the breakout is confirmed, we can say that the price will easily grow 48 cents equal to CD. PREVIOUS ANALYSIS Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
1