ADA is coiling just beneath the $1 psychological barrier. The chart is setting up for a decisive move: the high-probability long entry aligns with the yearly open (yOpen), supported by multiple confluences.
🧩 Confluence Factors: 7
🟢 Long Trade Setup
🔴 Short Opportunity
A secondary setup could arise on a sweep of the key high ($1.1757–$1.1879 BSL zone). This would only be valid with confirmation of rejection.
✍️ Confirmation is critical: the long requires strong defense of the confluence zone, while the short requires a failed breakout and rejection above key high (BSL).
Key Levels to Watch:
🔍 Indicators used:
➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades.
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🧩 Confluence Factors: 7
- Yearly Open (yOpen): $0.845
- 1.0 Trend-Based Fib Extension: $0.8466 (aligned with yOpen)
- Weekly Bullish Order Block: $0.8580
- 0.618 Fib Retracement: $0.8626
- Anchored VWAP (green line): Supporting this zone
- Sell-Side Liquidity (SSL): Positioned below recent lows
- 0.886 Fib Speed Fan: Adding further structural support
🟢 Long Trade Setup
- Entry Zone: $0.863 – $0.847
- Stop-Loss: Below yOpen (~$0.84)
- Take-Profit Zone: $1.1747 (Buy-Side Liquidity sweep)
- R:R: 1.6+ depending on SL placement
🔴 Short Opportunity
A secondary setup could arise on a sweep of the key high ($1.1757–$1.1879 BSL zone). This would only be valid with confirmation of rejection.
- Entry Zone: After sweep/rejection above $1.1747
- Stop-Loss: Above ~$1.20 (post-sweep rejection)
- Target: Around $1.10
✍️ Confirmation is critical: the long requires strong defense of the confluence zone, while the short requires a failed breakout and rejection above key high (BSL).
Key Levels to Watch:
- Support Zone: $0.863 – $0.847
- Resistance / GP Zone: $1.1757 – $1.1879
🔍 Indicators used:
- DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points
➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades.
_________________________________
💬 If you found this helpful, drop a like and comment!
Note
ADA Update — Bulls Defend Key Fib LevelADA is playing out well. Hit the 1.0 trend-based Fib extension, with bulls stepping in to defend the 0.702 Fib, a sweet spot for entries. This reaction sparked a +6.6% bounce off the low.
The next target is $0.9129, the 0.618 Fib of the current downward move. Adding weight to this level, the POC of this trading range sits at $0.92.
For bullish continuation, ADA must flip $0.92 into support before advancing toward higher targets.
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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.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Related publications
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.