💡Don't miss the great buy opportunity in ADAUSD @Cardano
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.30).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 1.39
TP2= @ 1.47
TP3= @ 1.64
TP4= @ 1.74
TP5= @ 1.92
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ADAUSDT.3L trade ideas
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 ada structure buildupAfter the break up and good up move of 7-10 percent
it has started consolidating again between 2.233 to 2.375
look for long don't short as it is creating structures and they might act as support and make the short trade choppy
if incase 2.375 range is broken out and sustained nicely then next zone of trading will be 2.400 to 2.600-2.650
just another trade setup after triangle breakout
ada- cardano breaking out ada has been consolidating since 3 days within and triangle pattern,
the colored lines are pitchfork tool lines used on daily time frame to monitor the range or trading and identifying tradeable zones
the dotted whites are used for marking small trendlines and patterns so that we trade based on breakout and retest of market structure and patterns
waiting for the price to retest the resistance of triangle pattern as a entry sign
could go upto 2.300 but estimated target as per my risk to reward will be 2.200
comment and let me know what your analysis indicates about ada
Cardano Bullish ViewADA is currently forming a triangle pattern, if the breakout happens downward then the price will drop till the resistance.
if it breaks out upward then the price will move upwards.
The price currently is following a curve pattern and there is more chance of the price going to the 3 USD Mark very soon this year