$ADA

Market Analysis on May 4, 2025 (Not an Investment Advice)

ADA/U 1-Hour Technical Analysis (BINANCE)

1. Overall Structure:

• Previously formed an ascending channel, but the subsequent high was unable to break through effectively;

• Current price has broken below the support zone (gray central range), confirming entry into a downward adjustment phase.

2. Analysis from the Perspective of Chande Theory:

1. Ascending Structure (Multiple Ascending Segments)

• Continuous rise from around 0.68, forming an ascending structure of segment a + central + segment b;

• However, the momentum in the second ascending segment has significantly weakened, showing signs of divergence.

2. Formation of Central Zone (Range 0.703~0.710):

• Multiple oscillations confirming the formation of a standard central structure;

• After breaking downwards, it is currently operating below the lower edge of the central zone, with bears in control.

3. Current Operational Logic (Illustrated Area):

• Short Entry Point: 0.7008 U

• Stop Loss Position: 0.7087 U (Previous High Resistance)

• Target Position: 0.6936 U (Previous Low + Secondary Support)

• Risk-Reward Ratio is approximately 1.8

3. Strategy Suggestions:

Currently in a continuation structure after breaking below the central zone, with a short-term tendency to continue retracing;

If it cannot quickly recover the upper edge of the central zone, a drop to 0.69 is highly probable.

Strictly set stop-loss to control risks and avoid repeated fluctuations from rebound.