You take it or leave it. ADA is about to pumpCRYPTOCAP:ADA is about to make 3x next month. Why and how?
Fist thing is that its price tested the supported area successfully in weekly timeframe. weekly chart is the most trusted one when it comes into long term trading. Fibo retracement also matches with this scenario.
2nd is that the price bounced back up right at the weekly trend channel. It shows that there is a massive demand in the $0.27 area. Remember that it's always the area, NOT a single point or line.
The 3rd reason is that ADA had this type of trend in previous super 🐂 run. Now it repeats the trend again. The first step it has to reach $1 in Sep/Otc-2024. The next super bull will be around mid 2025. I expect it will have 3x after passing $1. (9x in total)
Action:
+ Spot: Really simple, just buy as much as possible.
+ Future: Every pull back in 1h timeframe is a long opportunity.
If you're scared, go home!
I don't care much about fundamental analysis. Why? Bcz when it comes into a bull run, everything will go up in a craziest way no matter what it is who's behind. JUST HIT THE DAMN BUY BUTTON!
ONE MORE THING: You need to know when it bottoms to maximize the profit .I will share all of my trading experince in the next post (including how to pick the really dip). My goal is to spread my trading strategy- The rule of time and space!
#TradingMadeEasy
#spottarde
#FutureTradingSignals
ADAUSDT
ADA holding its weekly critical support, good for longADA is holding a very critical support of 0.42$ in a weekly candle while it's stochastic RSI is under over selling zone and RSI is also coming to 40 which is good sign for long traders but if ADA lose this support then we will see a free fall in ADA price.
My thoughts is ADA will bounce from it if Bitcoin hold 65k zone for a week or more so.
ADA is about to take us on a wild ride! 🎢 💎 Paradisers, #ADA has formed a 'W' pattern at the demand level, and we're currently watching for a breakout from the descending channel.
💎If #ADAUSDT shows a Break of Structure (BOS) from this juncture, We can anticipate a bullish movement. It's advisable to use smaller position sizes here and to seek strong indicators supporting a bullish trend.
💎Should there be a breakdown of this zone, Then we can expect a bounce from the strong support zone, which could offer high-probability setups—exercise caution here.
💎However, if the price doesn't display any bullish signs for confirmation and breaks down below both levels, it would be prudent to wait for more favorable price action to develop and consider the overall crypto market before making any decisions.
Looks like ADA has pulled a sneaky move on traders🕵️💎 Paradisers, it seems that #ADA has trapped traders who entered based on the breakout of the cup & handle pattern.
💎Nevertheless, should #ADAUSDT breach above the previous high, we may anticipate a bullish move, especially considering the bullish market structure signaled by CHoCH & BOS.
💎In the event of a pullback, we could foresee a bounce from the demand level.
💎However, if the price breaks down below the demand level, it may be viewed as bearish, particularly due to CHoCH towards bearish structure. In such cases, it might be advisable to execute scalp trades or abstain from trading, especially for those new to trading.
ADA/Cardano Technical Analysis - Ada is fundamentally very strong
- I will lay out my overview on it for the next 2 years.
- If you are holding this from the bear run then don't sell it carries a great potential
- If you are holding this from a Trading perspective then it's better you look at 0.57-0.63
- My POI for Cardano is 0.57-0.63$
ADA/Cardano Trade Idea Setup- Ada looks all set for another 300% rally, but this doesn't mean you add it wherever you want to
- Ada can easily mitigate 1.2$ soon followed by small inducements
- Ada is fundamentally strong your goal should be to accumulate Ada under 0.50$ as much as you can
- The setup currently isn't suitable for entries however if you are holding it already then keep holding it if your horizon is long
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
ADA : Bullish Breakout Signals Strength and Potential Upside💎 ADA has broken out of the descending channel and has displayed signs of strength, including CHoCH (Change of Character), BOS (Break Of Structure), and the formation of a W pattern around the 200 EMA. These factors collectively increase the likelihood of a bullish movement.
💎The current zone, previously a resistance area, is now acting as support, as evidenced by historical price action on a larger timeframe.
💎A pullback to the bullish OB levels, coinciding with the Fibonacci golden 0.618 level, is anticipated. This level presents an attractive opportunity for a bounce.
💎However, in the event of ADAUSDT breaking below the demand levels, it would be wise to refrain from seeking bearish opportunities, considering the overall bullish sentiment in the market. Capturing small bearish targets may not be worthwhile in such a scenario.
Trend Line is supporting for Recovery Time | Long BiasPrevious Post
Cardano is recovering to $1.18
On day chart
After rejected Fair Value Gap, ADA's bounced back and now it's trading around $0.54
On 4H TF
A breakout is appeared and now ADA is pulling back to middle line or lower line of Ascending Channel
Just wait for decline to join with low risk or safety choice what I marked on the chart
Time will tell
Ada/ Cardano USDT Update - Cardano is so far 150% up from my POI and entry
- Youtubers and Big Bank Traders will now ask you to buy the FOMO which makes no sense
- You either stack or starve in Crypto it's as simple as that
- You can still hold Cardano if you want the money is flowing into Major Alts
- Do not take FOMO entries here or short Cardano without a strong confluence
- If you want to enter ADA/Cardano wait for a strong retracement.
ADA/CARDANO 1D UPDATE Cardano Long Trade Setup
- Cardano so far has printed more than 50%
- The setup was built when the market had no chance of pumping
- It had a great base building which later resulted in an impulsive move
- Now that it has printed more than 50% better lock in 50% of your size
- let the rest run if it comes back to entry add more size for future
#cardano
ADA/USDT: Pattern Convergence Sparks Bearish Warning!💎 Hey ParadiseSquad, let's zoom into ADA/USDT on the weekly chart. We're seeing a unique blend of an inverse cup and handle pattern coupled with an M pattern. This combination is hinting at a bearish outlook.
💎 For this bearish scenario to unfold, we need a confirmed breakdown below the critical demand level of 0.2337. If that happens, we could aim for the next demand zones at 0.1783, 0.1451, and 0.1115. Remember, we're looking for a solid close and retest of this level before considering any bearish moves.
💎 On the flip side, if the price ascends past 0.3770, this pattern would be nullified, signaling a potential bullish reversal.
💎 Keep your eyes peeled and trade smart, ParadiseSquad!
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/USDT Primed for Price Correction and Long-Term Buy ?
Overview:
In this technical analysis, we will examine ADA/USDT.
Traders and investors should closely monitor these levels for potential trading opportunities.
Resistance Area at 3100-3200:
ADA/USDT has encountered strong resistance in the range of 3100-3200. This area has historically acted as a significant barrier for price movement, causing price reversals or extended consolidation periods.
Traders should be cautious when considering long positions within this resistance zone, as a breakout above it may be required for sustained upward momentum.
Expected Price Correction towards 2500-2700 Levels:
We anticipate the pair to fall towards the range of 2500-2700. This correction is in line with the resistance area mentioned earlier and is a natural reaction to the strong selling pressure in that zone.
Traders seeking short-term profits can consider setting their take-profit targets within this range.
Long-Term Buying Opportunity at 2300-2400 Levels:
Should the price of ADA/USDT decline further, reaching the range of 2300-2400, it could present an excellent opportunity for long-term investors to accumulate positions.
Long-term buyers can consider this zone as an attractive entry point, taking advantage of potential future price appreciation.
Risk Management:
Proper risk management is crucial in any investment strategy. Traders should consider setting a stop-loss order above the identified resistance area to protect against unexpected price breakouts.
Conclusion:
In conclusion, the technical analysis of ADA/USDT suggests a potential price correction in the near term. With a resistance area between 3100-3200 and an expected downward movement towards 2500-2700, traders can identify potential short-term trading opportunities.
ports ... adani ports the counter which was hammered by heidenburg reports!!
i expect it to touch a 15% upmove area
multiple reasons beyond technicals
one is to maintain market cap of the group
being one of the nifty stocks in adani folio
other stock may show underperformance but such counter with real value are someone who should perform !
i like a quote that could be useful here !!
When everything seems to be going against you, remember that the airplane takes off against the wind, not with it." Henry Ford.