ADA Poised for a Breakout: €0.95 Target in Sight!ADA is currently in a rising wedge phase and could break out soon, potentially reaching the €0.95 level.
ADAEUR trade ideas
ADA Path to a Bullish BreakoutSymmetrical triangle formation near the top of the current movement suggests potential consolidation before a bullish breakout. The initial target is set at the psychological level of 1.29737 EUR (Fibonacci level 1), with the possibility of extending toward the Fibonacci 1.618 level at 1.46728 EUR if the breakout is strong enough.
The use of the Tunnels and the Mega Trend All-in-1 indicators helps identify key rebound zones within the green tunnel and above the 20 EMA and 50 SMA. The chart aligns fully with a potential strong bullish trend, as indicated by the formation and order of the yellow, blue, and red tunnels. Additionally, the dotted green line (34 EMA) remains in an uptrend, providing an additional confirmation signal for a potential bullish breakout of significant magnitude
Cardano Targets New ATH Above $4Cardano is preparing for the Plomin hard fork in January 2025, which aims to enhance governance and network infrastructure, further strengthening its position in the market. This bullish flag pattern could materialize due to its strong fundamentals, a continuously improving environment, positive sentiment driven by key events like the hard fork, and potential momentum from an upcoming altcoin bull run. If these conditions align, ADA has a high probability of reaching a new all-time high (ATH).
For this bullish flag pattern be positive and work, the price would need to break above the upper resistance of the channel, accompanied by a significant increase in trading volume. This breakout could be triggered by a decline in Bitcoin Dominance, which could lead to capital flowing into altcoins. A broader altcoin bull run would significantly boost the chances of ADA reaching new highs. As I mentioned, Cardano’s ongoing fundamental developments, such as the Plomin hard fork this January, major network upgrades, or mass adoption of its technology, could attract increased investor interest, increasing this possible ATH
BTC.D = 57.92% (uptrend)
ALCOIN = 65.54% (downtrend)
Trade Signal: Buy ADA/EURHello traders,
We have an exciting trading opportunity for ADA/EUR based on our analysis using the EASY Quantum Ai strategy. Here are the details of the trade:
Direction: Buy
Enter Price: 0.3079
Take Profit: 0.31833333
Stop Loss: 0.30043333
Rationale:
1. Trend Analysis: The ADA/EUR pair has been showing a consistent upward trend, supported by momentum indicators. This suggests a favorable environment for entering a buy position.
2. Market Sentiment: Recent sentiment analysis indicates a bullish outlook among traders for ADA, driven by anticipation of upcoming upgrades and partnerships.
3. Technical Indicators: The pair has broken above recent resistance levels and the moving averages are aligned in a bullish formation. This confirms the potential for further upward movement.
4. Volume: There has been an increase in trading volume which often precedes major price movements, indicating increased investor interest.
Please consider these factors carefully and ensure this trade fits your risk management criteria.
Happy Trading!
EASY Quantum Ai Team
Cardano is readyafter the change fork update this is the least we can expect. buy now and profit in the future. This and the next year will be ours. Cardano is the future with its development.
ADAEUR: Long PositionPrediction is that the chart will go a little more down before it reaches the lowest support line and then it will go back up. This is also shown by the RSI which is currently at 32.17 which is super low which means that buyers will step in and drive back up the price.
Cardano trade incomingHave a look at the daily macd, the short term storm has passed, we can start looking for an entry. We wait until we cross 0.618fib + brake of the downwards trend line. Buy opportunity if the price has been steady above 0.5€.
Possible breakoutAda is forming another falling wedge and it is possible that it will break out again to somewhere around 0.52 cents. Good luck!
Ada possible breakout Ada is forming a falling wedge patter and breakout is possible to 48 cents. Price should go lower first to the support and then we will see where we will head to. If the support fails around 40 cents, we will go even further down. Good luck!
ADA UP!Cardano's next step is 0.71e. We have successfully tested 0.59e support. We have seen increased volume. From 4m we have gone to 10.3m at the moment of writing. If we break that resistance, we can expect 0.85e per coin. Take care and don't take this as sure thing. Follow me for more.
For my followers, look what has happened with my Dydx and BTC predictions.
Here you are in good hands. Happy trading!! EURO!
Buy idea on ADAEUR based on FIB and MA 4 & 50 A is the first of the year 2023, which marked a upward trend until B, 15 February
C = 70% A-B FIB retracement
E = 61.8% C-D FIB
If price breaks resistance and in the 4H timeframe the MA 4 crosses the MA 50, I propose the following buy order.
ADA/EUR 06/02/2023 Trade idea 10amUTC-5Hello everyone,
Im of opinion that unless we close above 0.3654xx EUR followed with confidence move above,
it would be smarter to short market considering where we was at January. So I would expect next move to at least 0.342xxx cents and then reconsidered possibilities of further falling or reversing.
IDEA would be invalid
if we move above 0.3654xx and close there with confidence,
it would be smart have Stop Loss above that price depending on your risk tolerance.
My is @ 0.370500€.
Best regards
Joe
Cardano My next targer for ada is around 0.41 euro. I drew a line and think we will hit a resistance at that point.
Have a great day and please share your thoughts.
ADA ETH 4h (Update 23/08/2022)Horizontal support lines drawn out last month still seem to be holding, I've traced out the projection lines but frankly feel this is going to continue to go sideways. I am always open to being wrong but interested in seeing where it falls.
rsi indicatorthe idea is you can look at the chart under the candles and if it is 30% then you can buy and if it is over 50% you can sell or you can hold it to max 70%
Everybody begins somewhereMy first published Idea.
That's my primary Count for ADA, unless BTC pumps like crazy in the next days.
For the Count to succeed, we want BTC to capitulate and drop to 23k in the next days, so altcoins can drop another 50% to the downside and find their bottom.
DO NOT FOLLOW MY IDEAS. IM STILL A BEGINNER, WHEN IT COMES TO TRADING
ADA EUR 4h theoretical nonsenseThis is a 4hr analysis of ADA. I've started looking at the long term downward and long term upward trend lines (red and green). Understanding that ADA broke below the positive upward and following the downward it finds itself in a wedge.
I have used triangular patterns and Fib timezones, I have no idea what will really happen but the fib timezone (13) converges with a short term upward support line crossing the long term upward trend. Conspiracy nonsense I'm sure... but will be fun to see how it plays out.
#Cardano Ascending wedge - long 1Hlonging ADA in a ascending wedge. respected MA's and it all seems to be trending upside. tight SL with tasty TP
ADA/EUR LONGI believe that a pull back base has already been formed. It might try to reach 1.60 support line before going down a bit again.
I am in for long and will sell in two different phases. First will be on 1.20 and if it shows no signal of breaking down I will buy again at 1.30 and sell at 1.60 support line.
If it reaches the 1.60 without any pullback, I believe it can drop up to 15% before deciding if either it will to break the 1.60 again and reach for previous higher support or go down.
