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ADAUSDT trade ideas

What Are ADA Bulls Waiting For?Cardano has a market cap of $16.4 Billion and is ranked 10th in the CMC. ADA price is currently down about 85% from its all time high and has seen less gains in comparison to its competitors. ADA price is currently trading near the value of $0.459 with a gain of 0.16% in the intraday session. ADA price is currently forming consolidated candles on the daily chart. It is trading below the 50 and 200 EMA. The upside trend of the ADA can see a halt near the value of $0.6. Meanwhile the support of the asset price can be seen near $0.4. The RSI of ADA is near 46 with no slope suggesting its presence in the neutral zone. The overall momentum of the RSI is bearish in nature.
by Ritika_TCR
1
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.
by MyCryptoParadise_Nathan
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.
by MyCryptoParadise_Nathan
2
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
Long
by VKtradesimbalance
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.
Long
by MyCryptoParadise_Nathan