Let’s break down the ADA/USDT (1h timeframe) chart you shared.

🔎 Chart Analysis

  1. Price: Currently at 0.8682 USDT (down -3.57%).

  2. Moving Averages:

    • EMA200 (purple) ≈ 0.8930

    • Price is below both EMA20 & EMA200 → bearish trend in short term.

    EMA20 (green) ≈ 0.8827

  3. Recent Swing Levels:

    • Resistance (High): 0.9643

    • Support (Low): 0.8550

    • Current price is sitting just above support (0.8550).

  4. MACD (bottom indicator):

    • MACD line < Signal line → bearish momentum.

    • Histogram is red but slightly decreasing → possible slowing down of selling pressure.


    📍 Key Support & Resistance

    Immediate Support: 0.8550 (recent low)

    Next Support: 0.8200 – 0.8300 zone

    Immediate Resistance: 0.8820 – 0.8930 (EMA20 & EMA200)

    Next Resistance: 0.9200 and then 0.9643

Trade Ideas

1. Long (Buy) Opportunity

  • If ADA holds above 0.8550 support and shows reversal candles (hammer, engulfing, etc.), it may bounce back.

  • First target: 0.8820 – 0.8930 (EMA cluster).

  • Second target: 0.9200.

  • Stop loss: below 0.8500.

2. Short (Sell) Opportunity

  • If price fails to break 0.8820 – 0.8930 and gets rejected, it’s a good short entry.

  • Target 1: 0.8600

  • Target 2: 0.8300

  • Stop loss: above 0.8950.

⚖️ Summary

  • Trend = Bearish, but near strong support (0.8550).

  • Safer Long = above 0.8550 with confirmation.

  • Safer Short = rejection at 0.8820 – 0.8930 zone.

Would you like me to draw trend lines for support & resistance directly on your chart image so it’s more visual?