Trend:
ADA is trading above the 50 EMA and 200 EMA on the 4H and Daily charts.
Higher lows since the $0.75 zone show consistent buying pressure.
Pattern:
Breakout from falling wedge confirmed on strong volume.
Current price consolidating above key resistance at $0.80, now acting as support.
Key Levels:
Support: $0.794 – $0.800 (strong demand zone)
Resistance: $0.87, $1.05, $1.21
Breakout Trigger: $0.816 – $0.820 (4H close)
Indicators:
RSI holding above 55–60, showing bullish momentum without being overbought.
MACD histogram printing higher highs, bullish cross active.
Volume expansion on up-moves, contraction on pullbacks.
Trade Plan:
Entry (Breakout): $0.816 – $0.820 on confirmed 15m/1H close with volume
Stop-loss: $0.794 (below demand zone)
TP1: $0.90
TP2: $1.05
TP3: $1.21 (≈ 50% gain from entry)
Bias: Bullish unless price closes below $0.794 on 4H chart.
📈 ADA is showing strong momentum; buyers are defending support aggressively. A clean breakout above $0.820 could ignite a sharp rally toward $1.00+.
ADA is trading above the 50 EMA and 200 EMA on the 4H and Daily charts.
Higher lows since the $0.75 zone show consistent buying pressure.
Pattern:
Breakout from falling wedge confirmed on strong volume.
Current price consolidating above key resistance at $0.80, now acting as support.
Key Levels:
Support: $0.794 – $0.800 (strong demand zone)
Resistance: $0.87, $1.05, $1.21
Breakout Trigger: $0.816 – $0.820 (4H close)
Indicators:
RSI holding above 55–60, showing bullish momentum without being overbought.
MACD histogram printing higher highs, bullish cross active.
Volume expansion on up-moves, contraction on pullbacks.
Trade Plan:
Entry (Breakout): $0.816 – $0.820 on confirmed 15m/1H close with volume
Stop-loss: $0.794 (below demand zone)
TP1: $0.90
TP2: $1.05
TP3: $1.21 (≈ 50% gain from entry)
Bias: Bullish unless price closes below $0.794 on 4H chart.
📈 ADA is showing strong momentum; buyers are defending support aggressively. A clean breakout above $0.820 could ignite a sharp rally toward $1.00+.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.