Hello everyone,
Here’s my analysis of ADA/USDT.
Cardano dropped back below the key level of 0.7446 after a failed breakout. Based on the current market conditions, we can consider three potential scenarios:
1️⃣ Range Scenario:
Price may consolidate between 0.7446 – 0.7041 for up to two weeks.
2️⃣ Bullish Scenario:
A new bullish move depends on a breakout of one of the following levels:
A. Riskier long position: Breakout above 0.7446
B. Safer long position: Breakout above 0.7600
🟡 Note: In scenario B, the stop-loss will naturally be wider.
3️⃣ Bearish Scenario:
A breakdown below 0.6892 could occur — but this does not immediately suggest a short setup.
❗️In that case, we must re-analyze TOTAL, TOTAL2, USDT.D, and BTC.
✅ If the overall market is bearish, a short could be valid.
🟡 Otherwise, it may simply be a deeper correction rather than a trend reversal.
---
🙏 Thanks for reading!
If you found this analysis helpful, hit the 🚀 icon to support the content.
#Cardano #ADAUSDT #CryptoAnalysis #TechnicalAnalysis #Altcoins #TradingStrategy #MarketOutlook #SwingTrade #CryptoTA #BitcoinDominance #TotalMarketCap #USDTdominance #PriceAction
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.