#Cardano #ADA #PhânTíchKỹThuật #CryptoTrading #BinanceVietnam
Overview:
Cardano (ADA) has recorded a strong increase of over 4% in a day, approaching the highest price range since the beginning of the month. However, many technical indicators show that ADA is in the overbought zone and may soon see a correction. This article will analyze multiple time frames to determine the optimal trading strategy.
Technical analysis of ADA/USDC
1. Daily frame (1D) – Main long-term trend
Current price: 0.8161 (+4.68%)
EMA(7) = 0.7446 > EMA(25) = 0.7003 → Confirms strong uptrend
RSI(6) = 84.01 and RSI(12) = 73.61 → Warning of serious overbought conditions
MACD: Positive histogram, DIF > DEA → Upward momentum still maintained
Important technical area
Resistance: 0.8397
Support: 0.7837 – 0.7626
→ Assessment: ADA is clearly in an uptrend, but the overbought RSI zone on the daily frame requires caution regarding the potential for a technical correction.
2. 4H frame – Identify potential buying areas
EMA(7) = 0.7988 > EMA(25) = 0.7561 → Mid-term uptrend remains intact
RSI(6) = 77.43 → Short-term overbought
Trading volume: Below average MA(5) → Lack of new buying momentum
OBV negative (-94.5M) despite rising prices → Warning of negative divergence, potential short-term reversal
→ Short-term scenario: ADA may correct to the support area of 0.7837 before returning to an uptrend.
3. 1H and 15-minute frame – Optimize entry points
1H: EMA(7) ≈ EMA(25), RSI ~63 → Accumulating, no clear buy signal yet
15P: Weak positive MACD, buying momentum declining
→ Short-term strategy:
Wait for a reversal signal at the support area of 0.7837 – 0.7626, combined with:
RSI (1H) < 50
MACD (15P) turns positive
Proposed trading strategy
Main scenario – Wait for a correction to buy (Probability ~65%)
Buying range: 0.7837 – 0.7626
Confirmation: RSI (1H) < 50 + MACD (15P) turns positive
Stop loss: Below 0.7626
Take profit:
TP1: 0.8397
TP2: 0.8800
R:R ratio: ~1:3
Alternate scenario – Buy on breakout trend (Probability ~25%)
Condition: Price surpasses 0.8397 with volume > MA(5)
Enter order: Buy immediately when breakout is confirmed
Stop loss: Below 0.8160
Take profit: 0.8800
Risk scenario – ADA breaks trend (Probability ~10%)
Signal: Price breaks support at 0.7626 + RSI(1D) < 70
Strategy:
Consider cutting losses
Do not buy the dip when the trend has not confirmed recovery
Risk management & Notes
Trading volume per order: No more than 2% of total capital
Monitor: Macroeconomic news and BTC price behavior
Avoid entering orders when RSI (1D) > 80
Prioritize safe strategies, buy at confirmed support areas
Strategy summary
ADA is approaching a strong resistance zone and has overbought signals on the daily frame. The preferred strategy is to wait for a correction to the 0.7837–0.7626 area to buy safely, while being ready to react if ADA breaks out above 0.8397 with high volume.
P/S: Some may ask why not open a Short at the current price when there is an overbought signal; I will separate that in the next article.