Cardano/ADA Trade Setup Idea- #cardano #ada is currently trading at a zone that is above its Intermin Demand
- It's important to watch from an investment perspective that Ada stays very bullish for a long-term perspective
- By Trading you might just make a handful of gain
- Focus on staying invested in the Usecase and try understanding what it exactly does
- I am bullish on Cardano for the long term
- Try adding ADA at its current market price and make sure your allocation isn't above 30%
- Allocate the rest 70% once you see a strong retracement
Adausdlong
ADA USDT ➡️Among the digital currencies that have seen a strong increase in buying pressure is Cardano (ADA), where the trading price reached $0.38.
The current price is undergoing some correction. If we follow the blue level on the chart, we will notice that there is a support level that has been strongly broken.
Currently, we are witnessing a retest of this level, and accordingly, the best long-term buy entry areas might be:
➡️$0.32
➡️$0.30
And the targets we aim for are:
➡️$0.338
➡️$0.365
➡️$0.410
We will set a stop loss in case a daily candle closes below the blue level.
#ada what's coming first - .3 or .9 $ada Ada is grinding at the top of parallel channel, breakout from here will take ada to 2x easily , But, if fails ad BTC tends to go towards 16-17k we see ada back to .25/.3
I think we should soon see a movement in ada and buying from here till .25 in tranches is a wise decision than shorting here.
Let me know your thoughts
Trading Signal For CardanoTrading Setup:
There is a Trading Signal to Buy in ADAUSDT Cardano
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.759
⭕️SL @ 0.70
🔵TP1 @ 0.92
🔵TP2 @ 1.08
🔵TP3 @ 1.36
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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Cardano (ADAUSDT) Intraday possibilities.ADAUSDT is currently consolidating in a triangle pattern, it could go up or down so we have to trade by looking the price moment if it breaks upside or downside we have to wait for the retest and take the trade in the direction of the price. But if you look at 1.995 there is a good demand zone the price could bounce back from there and give you target upto the EMA 200, making a good 1:2 intraday trade.
💡Don't miss the great buy opportunity in ADAUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.610).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 1.740
TP2= @ 1.831
TP3= @ 1.949
TP4= @ 2.148
TP5= @ 2.467
SL= Break below S2
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