- Price pulled back from $1.0193 high to $0.9112, showing profit-taking after a strong rally.
- EMA(5) at 0.8969 above EMA(10) 0.8617 signals strong bullish momentum still in place.
- RSI(14) around 65.7 and RSI(6) at 66.4 show healthy strength, not yet overbought.
- StochRSI very high at 93.7 and MAs above 87 warn of short-term overbought, so minor pullback or consolidation likely soon.
- MACD positive with DIF at 0.0362 above DEA 0.0190 and rising histogram confirms ongoing bullish trend.
Outlook: ADA should hold above EMA(10) near 0.86–0.87 as key support. A dip toward this zone could be a good entry.
- Short-term resistance around $0.95–$1.00.
- If bulls keep control, a retest of $1.02 high is possible.
Trade plan:
- Entry: Around 0.86–0.87 on a bounce confirmation.
- Take Profit (TP): $0.95–1.02 zone.
- Stop Loss (SL): Below 0.84 to limit downside risk.
So ADA looks bullish overall but watch for short-term consolidation or pullback before next leg up.
So are you planning to trade the given pair?
