ADAUSDT.P trade ideas
ADA has been observing the expected fall of each rising wedgewith one exception, each rising wedge has respected the last green candle lower body close as the target price once if falls out of the wedge. there was one notable exception when the redistribution fell to a lower level. on a macro basis, it makes sense for the tokens/coins to spend some more time down in this accum range since the whales are still figuring out their game. IMO - we won't see another real "bear market" for crypto. too many eyes on it now, too mainstream.
Cardano (ADA) Price Prediction - ADA Ready To Push $1.6ADA is following the uptrend and soon it will reach 1.6$
ADA triangular patternADA triangular pattern, wait for a break to the upside for good risk to reward trade
LONG IN ADAAFTER A Pattern Head and Shoulder It Break Out It's ALL time Bearish Trend Line In Chart I Will Go For Long In ADA
ADAUSDT continues to fall.As we can see, ADAUSDT continues to move in the downward channel and no preconditions for a reversal are seen yet. The fall started on June 03 and the ADAUSDT price has dropped 32% since then. If Bitcoin continues to fall, ADAUSDT will fall with it.
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Don't miss the great buy opportunity in ADAUSDT @ cardanoLONG TERM opportunity levels for cardano (ADA)
Trading suggestion:
. There is a possibility of temporary retracement to 0.96$
. traders can set orders based on Price Action and expect to reach short & long term targets.
Technical analysis:
. 1 Buy at 0.96$
. 2 Buy above 0.54$/0.39$ zone leads more upside.
Take Profits:
Short term Targets = 1.53$, 1.71$, 1.88$
Mid term Targets = 2.46$, 3.37$
Long term Targets = 3.92$, 4.89$, 7.32$
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Cardano short term chartTo most people, this would have looked like an inverse head and shoulder pattern but if you notice the left shoulder you will see that the lower wick is much lower than the head and hence once the price reached 1.8 USDT it did not break through. However, this is a bullish divergence pattern with lower highs and higher lows.
Road Ahead? We look for patterns everywhere, this could be potentially a big one, lets hope for the best :) trade safe
Cardano (ADA) Trade IdeaCardano (ADA) needs to close above 1.82 mark and sustain the price above that supply
ADA is very bullish during this bull run and it doesn't get affected with btc correction
once it close above that level it could easily reach ATH (2.40)
