ADAUST trade ideas
💡Don't miss the great buy opportunity in ADAUSD @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5044).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 72.
Take Profits:
TP1= @ 0.5558
TP2= @ 0.6018
TP3= @ 0.6964
TP4= @ 0.7594
TP5= @ 0.8989
SL= Break below S2
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#ADA 3 type of scenario 1 hr TF with trade prespectiveBullish Scenario
See if breakout comes then wait for a retest and enter, that's the safer side
or
you can enter when the breakout happens and the next candle closes in green in 1 hr TF then enter
Bearish scenario
Red & Yellow
See if rejection comes then short till $1.005 - $0.978
Because at that time I was not there to guide you that's why I am providing you trade perspective.
I am not a financial advisor.
RISK & REWARD BOTH ARE YOURS
Until you join premium grp 😉
💡Don't miss the great buy opportunity in ADAUSD @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT 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 51.
Take Profits:
TP1= @ 1.149
TP2= @ 1.191
TP3= @ 1.246
TP4= @ 1.293
TP5= @ 1.384
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 ❤️
Trading Signal For CardanoTrading Setup:
There is a Trading Signal to Buy in ADAUSDT Cardano
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.759
⭕️SL @ 0.70
🔵TP1 @ 0.92
🔵TP2 @ 1.08
🔵TP3 @ 1.36
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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Cardano Prediction for coming daysAs we can see in the chart, the downtrend continues for ADA.
I am hoping that it will start moving upwards once it touches the 78% Fib level as marked in chart
Might face some resistance from the upper trendline of the falling parallel channel, then will breakout above and continues the uptrend.
It might face resistance from 50 SMA too at trend line forming confluence of double resistance.
#NFA #DYOR