🚀 ADA/USDT – Strong Recovery Signal
Current Price: $0.395
24-Hour Change: +4.8%
Daily Trading Volume: 1.2 Billion USDT
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Technical Indicators and Trend
- Relative Strength Index (RSI) at 55, in the optimism zone without reaching overbought.
- The MACD line is turning bullish after the fast line crosses above the slow line, reflecting positive momentum.
- The Exponential Moving Average EMA50 is approaching EMA200 from below; a bullish crossover (Golden Cross) is near, supporting the long-term trend.
- Breaking the daily downtrend line at $0.385 confirms the end of the correction and the beginning of an upward wave.
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Fibonacci Levels from the bottom ($0.370) to the temporary top ($0.405)
Percentage (%) Price (USDT)
23.6 0.376
38.2 0.383
50.0 0.387
61.8 0.392
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Proposed Trading Strategy
1. Enter 40% of the position at $0.390 (61.8% Fibonacci support and breaking previous resistance).
2. Add 30% after confirming a daily close above $0.400.
3. Stop loss below $0.382 to protect capital.
4. Profit-taking targets:
- First target at $0.420 (psychological resistance point).
- Second target at $0.450 for the extended upward wave.
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Call to Followers
“$ADA
It is regaining momentum… seize the opportunity and join the growth wave before the train!”
$ADA #Binance #CryptoAnalysis #DiversifyYourAssets #BSCProjectSpotlight