$ADA /USDT. here's a technical breakdown based on the price levels and structure shown:
š Cardano (ADA/USDT) ā Technical Analysis
Current Price: $0.8323
Change: +1.86%
Timeframe: Not explicitly stated, but the structure suggests either 1H or 4H.
š Key Technical Zones
š¼ Resistance Levels
$0.8346 (High) ā Intraday top, immediate resistance
$0.8500 ā $0.8800 ā Strong supply zone; watch for rejection or breakout
$0.8700 ā $0.8800 ā Likely to act as a liquidity grab zone
š½ Support Levels
$0.8132 (Equilibrium) ā Fair value zone
$0.8080 ā $0.8000 ā Clean demand support
$0.7800 ā $0.7716 (Low) ā Deep pullback support or entry zone
āļø Smart Money Concepts
CHOCH (Change of Character) at $0.8323 signals a bullish shift from a prior bearish structure.
BOS (Break of Structure) near $0.7800 confirms upward trend resumption if higher lows are respected.
Premium/Discount Zones:
Above $0.8132 = Premium ā Price in upper range; sellers may start entering.
Below $0.8132 = Discount ā Good buy zone for swing traders.
š Trade Setup Suggestion
ā
Breakout-Continuation Trade
Entry: On breakout above $0.8350
TP1: $0.8600
TP2: $0.8800
SL: Below $0.8200
š Rebuy on Pullback
Entry Zone: $0.8000ā$0.8130
TP: Revisit of $0.8350
SL: Below $0.7700
š Summary
Cardano is showing bullish structure, reclaiming equilibrium and forming a bullish CHOCH. As long as price holds above $0.8130, a move toward $0.8500ā$0.8800 is in play. Watch volume and candle confirmation near $0.8350 for signs of continuation or rejection.
Would you like a chart visual or short-term trade idea for intraday timing?
#StrategyTrade #TradeWarEases #CryptoRoundTableRemarks #Write2Earrn #ada