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💡Don't miss the great buy opportunity in ADAUSD @Cardano Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.06). . 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 below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 69 Take Profits: TP1= @ 1.16 TP2= @ 1.23 TP3= @ 1.31 TP4= @ 1.37 TP5= @ 1.42 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 ❤️
Long
by ForecastCity_ME
2
Cardano to moon again!Hey everyone, We are currently in our buying zone of Cardano, which I discussed in the previous idea. If you haven't viewed it yet, go chack it from the link below. As discussed in the previous idea, $ADA went bearish after a consolidation of 1 month. Now, it is nearing a very strong demand zone, which can result in a trend reversal. The trend reversal might come with the formation of reverse head and shoulders pattern, which might end up in breaking the red trendline, and the pullback to the trendline will be the main place to enter the long position. But, if it breaks the demand zone, we might a further move downwards. Many things depend on the move of Bitcoin too. Trade safe, be alert to add some positions in the next dip. Thank you!
by theTAguy
ADA reversal when?Hey everyone, Here is a detailed analysis of Cardano . It has been in a downtrend since September first week. We might consider this downtrend as a correction if it takes support on the 0.786 level of Fibonacci . Let's get into the history of ADA and what happened in the past few weeks. ADA retraced from the golden zone of Fibonacci of the previous wave and went for a new high at 3.097 USDT . Since then, it is in the downtrend. It has made some chart patterns too. Let’s look into it. The Bearish Rectangle Formation The rectangle figure is a trading pattern which can appear during bullish and bearish trends. The pattern consists of tops and bottoms, which are parallel to one another. The other key point to illustrate is that the highs and lows are all horizontal. I have shown the figure of the bearish rectangle at the top of the chart. After recognizing the chart pattern, you have to wait for the breakout and pullback. The pullback candle should not close inside the rectangle. Once the pullback is done, you can see a massive downward movement. I have marked the pullback with a green eclipse. We can set 2 profit targets for this pattern. First can be equal to the height of the rectangle and second can be equal to the length of the trend above the rectangle. I have marked the profit targets with the price range arrows . Reversal When? According to the trend-based Fib Time reversal , the trend might reverse around 26 December, if everything goes right. You can comment down if you wan to learn how to make it. When to buy the dip? According to me, you shall consider these 2 prices for the same: 1.46 to 1.55: It is the 0.786 level on Fibonacci with a major support and resistance zone. 1.02 to 1.21: This Is the zone between the previous low and the 2nd target of the bearish rectangle. Does ADA have good fundamentals? Ofcourse! Cardano’s purpose is somewhat same as Bitcoin’s purpose, but it is slightly faster in making payments. It works on blockchain, and it operates in 2 layers. The current market cap is around $50B and it was once ranked 3rd in the total market cap, which has now decreased to 6th. The social media following and team behind the project is also good. Hope you like the idea. I might not be able to post the photos of analysis of different timeframes in the same idea, as I don’t have TradingView Premium. The reason for the same is that I’m a teenager and I’ve been trading the markets with the borrowed money from my parents. I can’t afford to buy the premium, hence I request TradingView to unlock some features for some traders like me. Do check my previous education idea on cup and handle chart pattern through the link given below.
Education
by theTAguy
💡Don't miss the great buy opportunity in ADAUSD @Cardano Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.25). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 65 Take Profits: TP5= @ 1.74 TP4= @ 1.58 TP3= @ 1.48 TP2= @ 1.38 TP1= @ 1.32 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 ❤️
Long
by ForecastCity_ME
4
ADAUSDT | The best scenario for climbing🏹Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count we had, waves 1, 2 and 3 have been completed and now the trend is inside wave 4. Wave 4 is zigzagged, and from this zigzag , waves a and b are completed, and wave c is probably incomplete. The count we had for wave c in the lower time was not normal at all, but it is shorter than wave a in terms of time, so we think wave c will continue and decline until the price of 1.00, and then start climbing for wave 5. But if the bottom of the canal is broken upwards, it must be prepared for upward movements. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by mahdisoltaninjad
ADA is suppported by 0.618 and ready go to 1.618BINANCE:ADAUSDT Hello my friends! This is MATE, a team dedicated to develop indicators and auto trading robot. As we can see, ADA had a bottom divergence from $1.393 to $1.284. It always occurs trend reversal because of a bottom divergence. In fact, ADA does have a trend reversal and be ready to go up. In Fibonacci Retracement , we can find that ADA is supported by 0.618. Therefore, the target will be at 1.618, which is also the position of the next pressure zone. By LS_Main indicator, we can open long position at $1.357. If you do buy ADA, just be ready to take your profit.😉 I would be glad if you share your opinion and hit the like button! If you like my analysis, you can follow me to see my analysis at once!
Long
by The_MATE
💡Don't miss the great buy opportunity in ADAUSD @Cardano Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.30). . 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 71. Take Profits: TP1= @ 1.39 TP2= @ 1.47 TP3= @ 1.64 TP4= @ 1.74 TP5= @ 1.92 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 ❤️
Long
by ForecastCity_ME
2