ADAUSDT trade ideas
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)
💡Don't miss the great buy opportunity in ADAUSD @Cardano
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.6461).
. 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 64
Take Profits:
TP1= @ 1.8731
TP2= @ 2.0190
TP3= @ 2.1452
TP4= @ 2.2635
TP5= @ 2.4377
SL= Break below S2
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Ada/usdt BinanceCardano looking good with great recovery & holding support area's, If BTC continues holding supports without any major dumps then cardano Maybe possibly retest ATH again...!!
