Cardano ($ADA ), the ninth largest cryptocurrency by market cap, has recently caught the attention of traders and analysts alike. According to Ali (@ali_charts), a crypto analyst, Cardano is following a historical pattern eerily similar to its previous cycle. Could this pattern indicate a major breakout? Let’s dive into the technical analysis, key price levels, and the potential bullish future for Cardano.
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Current Market Overview 📊
Last Price: $0.8825 (-4%)
Weekly Performance: Down 19%
Market Condition: After a four-day decline, ADA rebounded from a low of $0.762 on Friday.
Sell-Off Impact: $246 million in crypto liquidations during Sunday’s sell-off, leading to short-term instability.
Key Levels to Watch 📍
Support:
$0.869 (Daily SMA 50)
$0.76 (First key support)
$0.69 (Next level if $0.76 fails)
$0.50 (Major support zone if the downtrend continues)
Resistance:
$1.00 (Key resistance, bulls need to break this for further upside)
$1.10–$1.20 (Next major resistance range)
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Historical Pattern: Will $6 Be Possible? 📈
2020 vs. 2024: The Similarity 🧐
In 2020, after Cardano’s first major bull rally correction, the price consolidated for a while before a significant price surge.
Today, ADA is following a similar pattern, with a major correction in the market as seen previously.
Ali's Prediction: If this historical pattern repeats, ADA could target as high as $6 by 2025, which aligns with its prior market movements post-correction.
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Recent Price Action & Market Sentiment 🐂🐻
Cardano's price has been fluctuating, but the bulls are actively defending key levels. Here's what we know:
1. Bulls’ Fight at $0.869 Support:
ADA is testing key support near $0.869 (daily SMA 50). Failure to hold here could result in further price declines toward $0.76, $0.69, or $0.50.
Immediate Resistance: Reclaiming the $1.00 mark is essential for a bullish continuation, pushing ADA towards higher targets.
2. Potential Rebound or Further Decline:
If the price rebounds from $0.869 and breaks $1.00, we could see ADA head toward $1.10–$1.20.
However, if $0.869 support fails, **$ADA could see a retest of $0.76 or $0.69, where more support could be found.
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Cardano Plomin Hard Fork: A Catalyst for Future Growth ⚙️
In addition to market movements, Cardano's technical upgrades are also contributing to long-term growth.
1. Plomin Hard Fork and Full On-Chain Governance
The Plomin hard fork will unlock full on-chain governance for Cardano, enabling the implementation of CIP-1694, which will establish a decentralized governance model.
The expected activation window for the hard fork is between January 4 and 29, 2025, marking a significant milestone for Cardano’s ecosystem.
2. Potential Impact on ADA Price
Successful implementation of full governance could lead to positive sentiment and increased network adoption, which could act as a bullish catalyst for the ADA price.
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Trading Strategy and Analysis 📊
Bullish Scenario:
1. Entry Zone: Buy near $0.869 (if the support holds).
2. Target Levels:
T1: $1.00
T2: $1.10
T3: $1.20
T4: $6.00 (long-term potential by 2025, based on historical pattern).
3. Stop Loss: $0.75 (below key support).
Bearish Scenario (If Support Fails):
1. Entry for Shorts: Consider shorting if price breaks below $0.869.
2. Target Levels:
T1: $0.76
T2: $0.69
T3: $0.50
3. Stop Loss: $1.00 (if price rallies unexpectedly).
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Final Thoughts 💡
Cardano ($ADA ) is testing key support levels, and the historical pattern from 2020 suggests that a major price recovery could be on the horizon. With the upcoming Plomin hard fork and full governance activation, ADA’s long-term prospects remain strong.
Traders should watch key support at $0.869, as this will determine if ADA is ready for a breakout to $1.00 or if a deeper pullback is likely. The long-term target of $6 by 2025 could be achievable if the bullish pattern continues.
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#Cardano #ADA #CryptoAnalysis #Ethereum #MicroStrategyInNasdaq100

RLC/USDT is trading at $2.175 with a strong 9.07% gain, indicating bullish momentum and a potential breakout on the horizon. Here’s a detailed analysis for traders:

📊 Key Levels to Monitor
Resistance Levels:

$2.200: A breakout above this level could trigger a rally towards $2.300 and possibly $2.400.

Support Levels:

$2.100 and $2.050: These demand zones may attract buyers, offering potential entry points if the price pulls back.

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💡 Potential Entry Strategies

1. 🔓 Breakout Entry:

Wait for a confirmed close above $2.200 with high trading volume.

Target $2.300 to $2.400 or higher.

2. 📉 Pullback Entry:

Enter near $2.100 or $2.050 if the price retraces.

Place a stop-loss below $2.050 to limit risks.

⚡ Market Sentiment

RLC is consolidating near its resistance zone, signaling growing bullish strength. Watch for:

Increased volume to confirm the breakout.

Positive sentiment supporting upward momentum.

🚀 Key Takeaway
RLC/USDT is at a critical juncture with bulls eyeing a breakout. Stay vigilant for technical confirmations, volume surges, and follow your trading plan. Risk management is
crucial—trade wisely!

#CryptoAnalysis #TradingTips #RLC

$RLC
$ETH

Ethereum ($ETH ) has been following predicted price patterns closely, but the road ahead holds key levels to watch. Here’s a detailed breakdown of ETH’s potential moves in the coming weeks, based on technical analysis and market sentiment. Buckle up, and let’s dive in! 🔍
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Current Price Action
Price: $3,320.49 (+0.45%)
Ethereum has displayed a small pump recently, but don’t be deceived by these minor recoveries. These fake pumps are often precursors to a larger dump before the real rally begins. Let’s explore why:
1. Weekly Fair Value Gap (FVG):
There’s an unfilled weekly FVG around $3,000-$2,800 that must be addressed before bullish momentum can resume. Filling this gap lays the foundation for a push toward All-Time Highs (ATH).
2. Market Behavior:
Market makers often induce fake dumps and pumps to manipulate sentiment. These actions liquidate over-leveraged positions, clearing the way for a genuine bullish move.
3. Liquidation Zones:
Significant liquidations are still clustered below $3,000. This liquidity needs to be cleared before ETH can build sustainable upward momentum.
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Predicted Price Action Until January 🗓️
1. Short-Term Moves:
Pump to $3,550: Ethereum might see a short-term rally to $3,550.
Dump to $3,000-$2,800: Following the pump, ETH could retrace to $3,000-$2,800 to fill the weekly FVG and clear liquidations.
2. January Rally:
Post-dump, expect a bullish rally in early January, potentially targeting new highs.
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Trading Plans
Short-Term Plan (For Traders) 🤑
If you’re long on ETH, consider selling your positions around the $3,550 level.
Wait for ETH to retrace to $3,000-$2,800, then re-enter for the bullish rally.
Long-Term Plan (For Investors) 📈
We remain bullish on ETH until mid-February. Consider dollar-cost averaging at the following buy levels:
$3,100, $3,000, $2,800
Targets for January:
$4,500, $5,000
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Weekly Chart Analysis
The weekly FVG zone at $3,000-$2,800 is a critical area of support. Expect strong buying interest here.
A break above $3,550 could signal the beginning of a larger move, but patience is required as the market clears overbought conditions.
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Key Insights and Risks
Stay Cautious: Fake pumps and dumps are common in current conditions. Protect your capital by using stop-loss orders.
Risk Management: Always allocate funds responsibly and avoid over-leveraging.
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Final Thoughts 💡
Ethereum’s path to new highs involves navigating crucial levels in the coming weeks. While short-term volatility may cause uncertainty, the long-term trend remains bullish. Stick to your plans, trade smart, and stay informed.
What’s your take on ETH’s next move? Let’s discuss below!
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#Ethereum #ETH #BinanceAlphaAlert #CryptoAnalysis #PriceAction

$BTC

❇️♨️ READY FOR A NEW ATH AND CYCLE COMPLETION? ♨️❇️

📊 Latest #Bitcoin Analysis by #Bersipa 📊

🔥 After months of detailed trend analysis, today—December 23, 2024—we bring you the latest update. The analysis suggests Bitcoin is heading toward a new All-Time High and the final cycle peak in the next year!

🔰 Suggested Plan:
✅ Buy Zone: Accumulate in the 83K–92K range over multiple levels.
✅ Sell Zone: Sell 40% at 112K–124K (two levels). Hold the remaining 20% at your own risk until 138K, then sell.

🔺️ Disclaimer:
⛔️ All trades are made at the trader's own risk.
⛔️ Futures trading based on this or any analysis is highly risky.

📌 Timeline:
While no exact dates can be guaranteed, we anticipate achieving the new ATH and completing the cycle within five months.

🚀 Stay tuned for more updates and trade responsibly!
#bitcoin #cryptoanalysis #ATH #Write2Earn #ChristmasMarketAnalysis

$ETH /USDT Futures: 6-Hour Analysis - Bullish Momentum Building 📈thereum ($ETH ) has been showing strong bullish momentum, with support near $3,300 and a potential to rise toward $3,750 in the coming hours. Let's dive into the key technical factors and trade strategy for ETH futures.
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Market Overview 📊
Last Price: $3,335.22 (+1.63%)
Day’s Range: $3,216.97 - $3,363.12
Key Support Levels: $3,300, $3,150
Resistance Levels: $3,400, $3,550
Position Analysis:
Clear Position: LONG (Confidence: 80%)
Ethereum is consolidating near $3,300, a critical support level, and the bullish momentum is steadily building.
Given the current price action, it’s a great time to enter long positions.
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Entry and Targets 🚀
Recommended Leverage: 5x to 8x
Entry Zone: $3,320 - $3,340
Watch for price stability in this zone for an optimal entry point into long positions.
Targets:
T1: $3,400 (+2.0%)
T2: $3,500 (+4.9%)
T3: $3,600 (+7.9%)
T4: $3,750 (+12.5%)
Stop Loss:
Stop Loss: $3,200
To mitigate risk, place a stop loss at $3,200 in case the market turns bearish.
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IF STOP LOSS TRIGGERS – Reversal Strategy 🔄
If the price drops and triggers the stop loss at $3,200, a reversal strategy should be implemented to manage risk and capitalize on potential new opportunities.
1. New Entry Zone: $3,150
If ETH finds support around $3,150, it could be a solid point for re-entering long positions.
2. New Targets:
T1: $3,300
T2: $3,400
3. New Stop Loss: $3,050
Tighten the stop loss to $3,050 to protect your position against further downside risks.
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Key Technical Points 📉📈
1. RSI (Relative Strength Index):
RSI is near 60, confirming bullish sentiment with room for further upside.
There's still significant potential for price growth, and ETH could continue to gain momentum.
2. MACD (Moving Average Convergence Divergence):
A bullish crossover has been detected on the 6-hour chart, supporting a move upward and confirming that buying momentum is in play.
3. Volume Analysis:
Volume is increasing as ETH approaches higher price levels, signaling strong buyer interest and increasing confidence in a bullish move.
4. EMA (Exponential Moving Averages):
The EMA 20/50 positive crossover confirms that upward momentum is likely to continue. This crossover typically signals sustained bullishness, strengthening the case for long positions.
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Trade Strategy Summary ⚡
Bullish Strategy:
Entry: $3,320 - $3,340
Targets:
T1: $3,400
T2: $3,500
T3: $3,600
T4: $3,750
Stop Loss: $3,200
Bearish Reversal Strategy (if stop loss triggers):
Entry: $3,150
Targets:
T1: $3,300
T2: $3,400
Stop Loss: $3,050
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Final Thoughts 💡
The ETH/USDT futures market is in an exciting phase, with bullish sentiment supported by key technical indicators like the RSI, MACD, and EMA crossovers. If ETH can hold the $3,300 support and break through $3,400, it could make its way to $3,750. Always ensure proper risk management by using stop loss levels and monitoring the market for any reversals.
Trade responsibly and watch for key price movements. The Ethereum market is full of opportunities, but timing and strategy are crucial!
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#ETH #Ethereum #CryptoAnalysis #BinanceFutures #EthereumTrading