Let’s break down the ADA/USDT (1h timeframe) chart you shared.
🔎 Chart Analysis
Price: Currently at 0.8682 USDT (down -3.57%).
Moving Averages:
EMA200 (purple) ≈ 0.8930
Price is below both EMA20 & EMA200 → bearish trend in short term.
EMA20 (green) ≈ 0.8827
Recent Swing Levels:
Resistance (High): 0.9643
Support (Low): 0.8550
Current price is sitting just above support (0.8550).
MACD (bottom indicator):
MACD line < Signal line → bearish momentum.
Histogram is red but slightly decreasing → possible slowing down of selling pressure.
📍 Key Support & ResistanceImmediate 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?