ADAUST trade ideas
ADA forming a triangle pattern.The market is currently in a bull run, ADA is forming a triangle pattern go long after it breaks the upper level and retests it. The confluence of 200 EMA and the upper trendline adds more confirmation . If it breaks the lower level ignore it, it may be taking a retest from the lower levels. We should go with the trend .
cardano ada structure buildupAfter the break up and good up move of 7-10 percent
it has started consolidating again between 2.233 to 2.375
look for long don't short as it is creating structures and they might act as support and make the short trade choppy
if incase 2.375 range is broken out and sustained nicely then next zone of trading will be 2.400 to 2.600-2.650
just another trade setup after triangle breakout
ada- cardano breaking out ada has been consolidating since 3 days within and triangle pattern,
the colored lines are pitchfork tool lines used on daily time frame to monitor the range or trading and identifying tradeable zones
the dotted whites are used for marking small trendlines and patterns so that we trade based on breakout and retest of market structure and patterns
waiting for the price to retest the resistance of triangle pattern as a entry sign
could go upto 2.300 but estimated target as per my risk to reward will be 2.200
comment and let me know what your analysis indicates about ada
Cardano Bullish ViewADA is currently forming a triangle pattern, if the breakout happens downward then the price will drop till the resistance.
if it breaks out upward then the price will move upwards.
The price currently is following a curve pattern and there is more chance of the price going to the 3 USD Mark very soon this year
ada likely to give a breakout ada was consolidating within 1.900 to 2.060 range.
with good vol and bullish engulfing candle breakout is likely to sustain
initiate buy above 2.090 sl 2.020, target 2.200,
if the overall market is in momentum then ada can also touch its recent high of 2.300
happy trading
ADA target update. Really in critical zone!ADA has been in a bearish trend even after the whole crypto market is bullish. this bulls have still made the prices to take support in the major demand zone (the dark box). It might form a new low here or go till the 1 to 1.5 USDT range to make a new low. Currently, it is consolidating in the golden zone of the Fibonacci Retracement. It has already broken the 0.75 level of the Fibonacci Fan (signal of a major downtrend).
This is a short term trade for $ADA, it might not work out well due to the massive bear trend. Only a major news or entry of a whale might pump Cardano up.