Adausdlong
ADA ANALYSIS
#ADA UPDATE.
#ADA has broken above the falling wedge and is currently trading at the double top pattern and close above the double top would result in more pump in the price of ada.
ADA ANALYSIS#ADA UPDATE.
#ADA is currently trading in falling wedge supported by the Bullish RSI on 3H TF suggesting some upside move if ada breaks above the falling wedge.
ADAUSDT - Be Ready for PARABOLIC AltSeasonHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
ADAUSDT is another altcoin that I am extremely bullish on for the next altseason. However, the possibility exists that it might take a while to arrive, considering all the talks of an imminent recession for 2023. We're approaching a strong demand zone from 15c - 22c. From here, to expect a 300% increase is a modest target considering the last time that we hit this support zone the price increased 700%!
It might take a while for the price to drop to this level, which is a hidden opportunity considering everyone will get ample time to bag up for the next parabolic rally.
Interested in XRPUSDT ? Check out this idea 👀
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CryptoCheck
ADAUSDT $36c Likely on PhoenixAscendingHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Here's a short term overview on what we can expect for the price of Cardano for the immediate term. Technical indicator Phoenix Ascending together with Bollinger Bands point towards a potential $0.36c, as we see the RSI and EMA moving up with bullish buying momentum in the short term. IF the green EMA can cross over the 50 line, we can expect movement towards the basis of the bollinger bands, even if it is just a wick. The basis is the 20d moving average currently at $0.36.
However, currently with all the bankruptcy happening in the crypto environment, the markets do not look favorable for a new bull cycle, so I expect a resistance zone here. The next immanent support zone is around 0.22c, where there is a high demand zone and this is where I expect a bottom for ADAUSDT to be found.
Curious about what Decembers hold for Bitcoin historically? Check out this idea:
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ADAUSDT: Is It the Best Time to Buy ADA? 🫣| Nov. 25, 2022
This week, we will stick to the 4-hour time frame to analyze the price action in detail!
The bears clearly have had a tight grip on the bulls for the past few weeks as seen in the chart above. ADA has been continuously hitting 52-week lows, the recent one being hit on Monday.
Until we see the price reverse, it is risky to take a long position on ADA. Therefore, traders should avoid taking positions until ADA is able to reclaim the resistance at $0.34.
The price will show signs of strength only once it is able to sustain above $0.34. Until then, there is a chance of a new 52-week low being hit!
Once the resistance is reclaimed, we can expect the price to start approaching our short-term target marked on the chart at $0.38. This view will only be valid if the price is able to sustain above $0.34. We will maintain a bearish outlook on ADA until it is able to reclaim the resistance.
The important price levels for this week are $0.34 and $0.38!
ADA Cardano Long?ADA Cardano Technical Analysis:
- There is a formation of a falling wedge creating lower lows: falling wedges tend to break to the upside.
- Previous Falling and Rising wedges have played out already.
- Will the current Falling wedge break out to the upside?
- A BULLISH Divergence is also forming on a 1HR Chart
-- But how far upside? Take a look at the POC - point of control price and volume at the red line. $0.40
--- Will we make it to $0.40 based on the technical? What are your thoughts?
Follow for daily charts. Cheers
ADA Cardano
#ADA # Cardano
Trading opportunity for long position ADAUSDTBased on technical factors there is a Long position in :
📊 ADAUSDT - Cardano
🔵 Long Now 0.4242
🧯 Stop loss 0.3991
🏹 Target 1 0.4590
🏹 Target 2 0.4890
🏹 Target 3 0.5435
💸RISK : 1%
We hope it is profitable for you ❤️
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ADAUSDT 15 % pump (NEW)Recently we have published an idea where we expect ADAUSDT to break the support and drop 40 %.
It looks that the support is still holding and now we expect the price to have a 15 % bounce to get rejected one more time from the downsloping resistance line.
It may be the last bounce before the next leg down as the trend overall remains bearish.
Easy trade to strategize:
Buy at the support,
Sell at the downsloping resistance
Stop loss below the support
Good luck