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Cardano Potential Triple Bottom Pattern at $0.40Cardano's (ADA) daily chart highlights the prospects of a potential triple bottom pattern at the $0.40 psychological number. Additionally, a confluence of technical factors supports the bullish case scenario, including the RSI hidden divergence and the 3-months descending triangle. ADA Triple Bottom The daily technical picture reveals that ADA has carved out a double bottom at the $0.40 level and is now eyeing a third to complete a triple bottom bullish reversal pattern. Usually, there is symmetry between the 3 consecutive valleys, which means that we can expect the next bottom to materialize 62 days after the second bottom. This implies that the final bottom can emerge on September 13. While we can't develop an exact date for the bottom, this is a rough approximation. Descending Triangle At the same time, ADA is trading inside a descending triangle as each successive bounce from the $0.40 becomes smaller and smaller. As the price compresses inside the descending channel, we can expect the price ranges to shrink as well. This ultimately will lead to a breakout as prices move from small price ranges to large price ranges. RSI Hidden Divergence The hidden bullish divergence develops when the price makes a higher low, while at the same time the RSI oscillator makes a lower low. This is often perceived as a bullish signal. When we have multiple confluence technical factors lining up, the bullish case scenario becomes much more relevant, and there is a higher chance that the price will work in favor of these signals.
by cryptohopper
1
ADAUSDT 1D Medium-term trade. ADA price target ~ $0.73The ADAUSDT price for more than 4 months is traded in the range of $0.40-0.69 The minimum of 0.40 cents was still set during the May drop. During the next wave of the crypto market decline in June 2022, when most cryptocurrencies including Bitcoin updated their lows, Ada buyers were able to hold the price. And this is not surprising, because below $0.40 there is emptiness and room for a drop of at least -25-30%. We wrote about this in our previous idea: A good potential medium-term trade within the trade range is now emerging. Entrance - $0.46 Stop - $0.3999 Take profit - $0.71-0.76 Profit/loss ratio - 4.5/1 It would be ideal if ADAUSD buyers were able to break through the black trend line up and tear off the stops of the shorts hiding above $0.69 Our global goal for the increase in the price of the Cardano token is in the region of $1 per ADA. But we will talk about this in our next ideas. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
26
Cardano Analyze (Short term/15min Timeframe)!!!Cardano was able to break the Trend line by Bearish Marubozu Candle that it had enough volume. After that, Cardano made a pullback to the trendline, and now I expect it to go down to the target I showed you in my chart. Also, we can see the Regular Divergence (RD-) between Price and MACD Indicator. Cardano Analyze ( ADAUSDT)15min Timeframe ⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
16
#Cardano Drops 24% from August Highs, Primary Support at $0.45Past Performance of Cardano Like the rest of the crypto market, Cardano is printing lower lows. There are hints of strength in lower time frames following sharp liquidation at the tail end of last week. However, because prices are within the August 19 bear engulfing candlestick, sellers are still in a commanding position. From the daily chart, ADA is down 24 percent and trending at a critical multi-week support level. #Cardano Technical Analysis ADAUSDT formation swings bearish after the sell-off of August 19. A notable observation is that the bar is wide-ranging and has relatively high trading volumes. However, depending on how prices react in the days ahead, it could signal the beginning of another leg down towards $0.37, or worse, or be climactic, marking the end of a short-term bear run. While ADA sellers may double down on every expansion in lower time frames, any close above August 19 highs and $0.50 may reinforce bulls' belief as they prepare for a retest of August 2022 highs at $0.57. Conversely, a dump below $0.45 may draw more sellers targeting $0.37 in a bear continuation pattern of April and May 2022. What to Expect from #ADA? Fundamental developments may prop up ADA prices. However, the reaction at $0.45 and $0.37, on the lower end, could shape the trajectory of Cardano prices. Any expansion above $0.50 will be a relief for optimistic buyers targeting a retest of August 2022 highs. Resistance level to watch out for: $0.50 Support level to watch out for: $0.45 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
ADAUSD Moment of truth for CardanoCardano (ADAUSD) has suffered a strong pull-back along with the majority of the crypto market last week, dropping again below its 1D MA50 (blue trend-line) for the first time in almost 1 month. Still, it is so far contained within the short-term Channel Up that started after the July 13 Low. The RSI on the 1W time-frame may be showing a smooth reversal to the upside since May 29 but if the July 13 Low breaks, the bearish dynamics of the long-term Channel Down may come into play again and as with the April 30 break, may lead to a Lower Low at or below the 2.0 Fibonacci extension, which is now at $0.275. As long as the Channel Up is sustained however, Cardano will most likely make a Channel Up Higher High right on time to test the 1D MA200 (orange trend-line) for the first time since November 24 2021! Certainly this seems to be the moment of truth for ADA. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:ADAUSD
by TradingShot
5
Cardano entry in the sell-off now!!! Beware!!!Cardano forming a possible bearish evolving pattern in weekly timeframe what we could to expect another crash in the price. My first support it's around $0.27 cents, what we could to expect it, but everything what depend how it's behavior their volatility. But making a bought around $0.27 cents it's a possible good zone to bought and more below like $0.24 cents. Remember that Cardano it's one of the top cryptocurrencies that it's very favorite for a lot crypto-enthusiastic, included me, Also, I thinking that Cardano it's one of my best cryptocurrencies to take in my radar in the next years and it's a big competitor against Ethereum. Now, I interesting to bought Cardano at $0.27 cents and accumulate it by long term. I'm very enfocous in just 4 cryptoucrrencies: Bitcoin, Ethereum, Cardano and XRP. They'll the best cryptocurrencies and top in the fintech that I heard a lot about it. But investing in Cardano very cheap, this will be the last opportunity that you can't to missing it in your one time in your life to see this big disccount So guys, this it's my own perspective how I see Cardano I hope that this analysis support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
4
ADA triangle breakoutCardano seems to be accumulating to break up this triangle📐 and if that is the case then I think there is chance for run to 0.601 and even higher. Setting BUY STOP-LIMIT order to current range high to catch the breakout. ENTRY : local high @ 0.5476 STOPLOSS (SL) : local low @ 0.5205 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - STOPLOSS) @ 0.601 REWARD RISK RATIO (RRR) : 2 INVALIDATION : when SL level hit Check the parallel setups on DOGE: and SHIB: Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark