Cardano (ADA): Key Levels in PlayCardano is trading at 0.8736, consolidating after a recent decline. The market is testing critical support and resistance levels, and the next move could set the stage for a significant trend.
🔥 FinCaesar’s Commands:
🩸 Resistance: 0.8920. A breakout targets 0.9186 and potentially 1.1535.
🩸 Support: 0.8500. A breakdown exposes 0.6104 as the next critical target.
🔥 FinCaesar’s Strategy:
🩸 Buy: Above 0.8920, aiming for 0.9186 and beyond.
🩸 Sell: Below 0.8500, targeting 0.6104 or lower.
👑 "In the game of precision, only the bold prevail." — FinCaesar
ADAWPLS_A32400.USD trade ideas
Cardano (ADA) Poised for Breakout: Key Levels and Indicators BINANCE:ADAUSDT Cardano (ADA) Poised for Breakout: Key Levels and Indicators to Watch
Analysis:
Price Action Strategy:
Support and Resistance Levels:
The chart shows key support at approximately 0.85177 (1.618 Fibonacci level) and resistance at 0.90723 (0.5 Fibonacci level).
Trend Analysis:
The price is currently in a consolidation phase after a downtrend, with potential for a breakout above the 0.90723 resistance level.
Volume Analysis:
There is a noticeable increase in volume, indicating potential buying interest.
Smart Money Concepts (SMC):
Break of Structure (BOS):
A BOS is identified at the 0.90723 level, suggesting a potential shift in market structure.
Change of Character (CHOCH):
A CHOCH is observed, indicating a possible reversal from the previous downtrend.
Fair Value Gap (FVG):
An FVG is present around the 0.90723 level, which could act as a magnet for price.
ICT Strategy:
Order Blocks:
Multiple order blocks are identified, with a significant one around the 0.85177 level, indicating strong institutional interest.
Equal Highs:
The chart shows equal highs around the 0.90723 level, suggesting liquidity above this level.
Strong Low:
A strong low is identified, providing a potential support level for a bullish move.
Indicators:
RSI:
The RSI is currently at 65.50, indicating bullish momentum but approaching overbought territory.
MACD:
The MACD shows a bullish crossover, supporting the potential for upward movement.
Buy Signal:
entry: 0.906
tp1: 0.950
tp2: 1.000
sl: 0.875
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Goal 🎯: 0.6500
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BUY OPPORTUNITYInstrument: ADA/USD
Entry Price: $0.941
Stop Loss (SL): $0.831
Take Profit (TP): $1.178
Risk-Reward Ratio: 1:2
Technical Analysis:
50 EMA Support: As price approaches the 50 Exponential Moving Average (EMA), it is expected to act as support. This suggests that ADA/USD may find support and bounce higher from this level, leading towards your TP.
Strong Supply Zone at $1.206: The price is below a significant supply zone around $1.206, which could act as resistance. This means there is a higher chance of ADA reaching your TP of $1.178 before encountering further resistance.
Fundamental Analysis:
Positive Address Profitability:
60.9% of ADA addresses are in profit (2.68 million addresses).
34.95% of addresses are in losses (1.54 million addresses).
This indicates a predominantly positive market sentiment, with the majority of addresses currently seeing gains, which could indicate bullish momentum for ADA in the near term.
ADA's 70% Drop from ATH: Despite the price being down by about 70% from its all-time high, the profitability of ADA addresses remains strong. This signals that investors holding ADA may continue to support the price at current levels, further reinforcing the bullish bias in the short term.
Possible head and shoulders. My previous chart predicted a bearish divergence and this played out. Now there is a possible head and shoulders forming. However, Cardano does appear to be showing strength and this may be invalidated soon. I think it wholly depends on BTC movements. Right now BTC just hit a new ATH and the market followed this. I think ADA is showing strength in the RSI. Key support is 1.15, I think ADA does have the strength to reach this and hold it. Only time will tell, market is neutral in my eyes right now.
CARDANO - Sell Idea (Short-term)The pullback below 1.2150 is a strong indication that price action is gearing up for a downside reversal on the short-term scale at the very minimum. A quick move south towards the local key-level support at 0.9400 is very likely at this stage. We're firing off a new short position. Stay tuned...
Cardano - Starting The 10x Parabolic Rally!Cardano ( CRYPTO:ADAUSD ) is perfectly following the break and retest:
Click chart above to see the detailed analysis👆🏻
With an incredible +200% pump in November, Cardano is finally coming back to life after creating the bullish double bottom break and retest just a couple of months ago. Looking at previous cycles, this seems to be just the beginning of another +3.000 rally.
Levels to watch: $3.0, $10.0
Keep your long term vision,
Philip (BasicTrading)
ADA could increase its price in (+90%)ADA is looking very strong to keep climbing up, if it can manage to close a weekly candle above $1.212 would suggest good momentum to reach the $2 region. It tested the anchored vwap at $0,95 and held it. The target is between fibonacci retracement levels, point of control and value area low from the last bull run highs.
TARGET: $1.976 to $2.152 up to (+90%)