Cardano 2/17 (scalping + forecast)
🔥 Market Overview (ADA/USD - Cardano)
Trend: ADA is in a mild uptrend on the 2H timeframe but still below major resistance on the 1D and weekly charts.
Key Levels:
Resistance:
🩸 Major Resistance: $0.85 (if broken, expect momentum toward $0.90+).
🩸 Local Resistance: $0.82 (short-term selling pressure).
Support:
🩸 Major Support: $0.75 (if lost, expect a drop to $0.72).
🩸 Local Support: $0.79 (buyers stepping in).
Indicators:
MACD (2H, 1D): Bullish momentum starting to form, but weak confirmation.
RSI (2H, 1D): 54-55, slightly overbought but still room for upside.
EMA 200 (2H, 1D): Acting as dynamic support—ADA is holding above it but needs confirmation.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Sideways Trading)
Buy: $0.79 – $0.80, targeting $0.82 – $0.83.
Sell: $0.82 – $0.85, targeting $0.80.
Stop-loss: Below $0.78 (for long), above $0.86 (for short).
🩸 2. Breakout Scalping (Momentum Play)
Long Entry: Above $0.85, targeting $0.90 – $0.95.
Short Entry: Below $0.79, targeting $0.75 – $0.72.
🩸 3. EMA Scalping
If ADA holds EMA 200 as support, long with a target at $0.85.
If ADA rejects EMA 200, short toward $0.78 – $0.75.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Bullish Scenario: ADA breaks and holds above $0.85, leading to a push toward $0.90+.
Bearish Scenario: ADA fails to hold $0.79, leading to a retest of $0.75 – $0.72.
🔥 News & Market Context:
Cardano DeFi Growth: Increased TVL (Total Value Locked) supports ADA’s fundamental case.
Institutional Flow: Moderate accumulation seen—watch for whale movements.
Crypto Market Sentiment: If Bitcoin pumps, ADA could follow toward $0.90.
🔥 Decision:
🩸 Short-term: Scalp the $0.79 – $0.85 range, waiting for confirmation.
🩸 Mid-term: Breakout play above $0.85 or short below $0.79.
🩸 Ideal Play: Monitoring RSI & MACD for breakout confirmation.
👑 Final Verdict:
ADA is holding support well, but needs a breakout above $0.85 for a sustained rally. Scalping within the range remains the best strategy.
🔥 FinCaesar's Quote:
"Precision in execution defines the victor. Trade with a plan, or be ruled by the market." 👑
Trend: ADA is in a mild uptrend on the 2H timeframe but still below major resistance on the 1D and weekly charts.
Key Levels:
Resistance:
🩸 Major Resistance: $0.85 (if broken, expect momentum toward $0.90+).
🩸 Local Resistance: $0.82 (short-term selling pressure).
Support:
🩸 Major Support: $0.75 (if lost, expect a drop to $0.72).
🩸 Local Support: $0.79 (buyers stepping in).
Indicators:
MACD (2H, 1D): Bullish momentum starting to form, but weak confirmation.
RSI (2H, 1D): 54-55, slightly overbought but still room for upside.
EMA 200 (2H, 1D): Acting as dynamic support—ADA is holding above it but needs confirmation.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Sideways Trading)
Buy: $0.79 – $0.80, targeting $0.82 – $0.83.
Sell: $0.82 – $0.85, targeting $0.80.
Stop-loss: Below $0.78 (for long), above $0.86 (for short).
🩸 2. Breakout Scalping (Momentum Play)
Long Entry: Above $0.85, targeting $0.90 – $0.95.
Short Entry: Below $0.79, targeting $0.75 – $0.72.
🩸 3. EMA Scalping
If ADA holds EMA 200 as support, long with a target at $0.85.
If ADA rejects EMA 200, short toward $0.78 – $0.75.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Bullish Scenario: ADA breaks and holds above $0.85, leading to a push toward $0.90+.
Bearish Scenario: ADA fails to hold $0.79, leading to a retest of $0.75 – $0.72.
🔥 News & Market Context:
Cardano DeFi Growth: Increased TVL (Total Value Locked) supports ADA’s fundamental case.
Institutional Flow: Moderate accumulation seen—watch for whale movements.
Crypto Market Sentiment: If Bitcoin pumps, ADA could follow toward $0.90.
🔥 Decision:
🩸 Short-term: Scalp the $0.79 – $0.85 range, waiting for confirmation.
🩸 Mid-term: Breakout play above $0.85 or short below $0.79.
🩸 Ideal Play: Monitoring RSI & MACD for breakout confirmation.
👑 Final Verdict:
ADA is holding support well, but needs a breakout above $0.85 for a sustained rally. Scalping within the range remains the best strategy.
🔥 FinCaesar's Quote:
"Precision in execution defines the victor. Trade with a plan, or be ruled by the market." 👑
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.