Adausdtrade
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
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 forming a triangle pattern.The market is currently in a bull run, ADA is forming a triangle pattern go long after it breaks the upper level and retests it. The confluence of 200 EMA and the upper trendline adds more confirmation . If it breaks the lower level ignore it, it may be taking a retest from the lower levels. We should go with the trend .
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.
ADAUSDT (Resistance Zone Breakout)
ADAUSDT (4H CHART) Technical Analysis Update
Resistance zone breakout
ADA/USDT currently trading at $1.20
Buy-level: Above 1.20 (only enter long if 4h candle closes above 1.20)
Stop loss: below $0.985
Target 1: $1.35
Target 2: $1.50
Target 3: $1.65
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.