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ADAUSDT trade ideas

ADA/USDT: Pattern Convergence Sparks Bearish Warning!💎 Hey ParadiseSquad, let's zoom into ADA/USDT on the weekly chart. We're seeing a unique blend of an inverse cup and handle pattern coupled with an M pattern. This combination is hinting at a bearish outlook. 💎 For this bearish scenario to unfold, we need a confirmed breakdown below the critical demand level of 0.2337. If that happens, we could aim for the next demand zones at 0.1783, 0.1451, and 0.1115. Remember, we're looking for a solid close and retest of this level before considering any bearish moves. 💎 On the flip side, if the price ascends past 0.3770, this pattern would be nullified, signaling a potential bullish reversal. 💎 Keep your eyes peeled and trade smart, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
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.
Long
by sumanbarman24
1
ADA/USDT Primed for Price Correction and Long-Term Buy ? Overview: In this technical analysis, we will examine ADA/USDT. Traders and investors should closely monitor these levels for potential trading opportunities. Resistance Area at 3100-3200: ADA/USDT has encountered strong resistance in the range of 3100-3200. This area has historically acted as a significant barrier for price movement, causing price reversals or extended consolidation periods. Traders should be cautious when considering long positions within this resistance zone, as a breakout above it may be required for sustained upward momentum. Expected Price Correction towards 2500-2700 Levels: We anticipate the pair to fall towards the range of 2500-2700. This correction is in line with the resistance area mentioned earlier and is a natural reaction to the strong selling pressure in that zone. Traders seeking short-term profits can consider setting their take-profit targets within this range. Long-Term Buying Opportunity at 2300-2400 Levels: Should the price of ADA/USDT decline further, reaching the range of 2300-2400, it could present an excellent opportunity for long-term investors to accumulate positions. Long-term buyers can consider this zone as an attractive entry point, taking advantage of potential future price appreciation. Risk Management: Proper risk management is crucial in any investment strategy. Traders should consider setting a stop-loss order above the identified resistance area to protect against unexpected price breakouts. Conclusion: In conclusion, the technical analysis of ADA/USDT suggests a potential price correction in the near term. With a resistance area between 3100-3200 and an expected downward movement towards 2500-2700, traders can identify potential short-term trading opportunities.
Short
by Un_trade