1. Chart Analysis
Support and resistance levels
First support level: Around 0.75, where the price has bounced multiple times, indicating a certain strength of support.
Second support level: Around 0.7376, if the price breaks below this support, it may further decline.
First resistance level: At 0.8027, the current price is close to this resistance level. If it breaks through this level, a rebound may occur.
Second resistance level: At 0.8307, further upward movement will face this strong resistance level.
EMA Indicator
EMA50 (short-term trend): Currently at 0.7810, which is a key resistance area for the current price. If the price breaks through this area, a rebound may occur.
EMA100 (medium-term trend): Currently around 0.7592, with short-term moving averages intertwined near the price, indicating that the market trend is currently stuck and waiting for a breakout.
Bollinger Bands
The upper band of the Bollinger Bands is around 0.8179. If ADA breaks through this position, an upward breakout may occur.
The Bollinger Bands are moderately wide, indicating that market volatility is gradually increasing, and the price may break out in a certain direction.
MACD Indicator
The DIF line is currently positive and relatively stable, not showing strong signals for upward or downward movements.
The MACD histogram shows smaller green bars, indicating a slight upward movement in the market, but with insufficient strength.
RSI Indicator
The current RSI is 59.31, close to the overbought zone (70), indicating that the market is relatively strong but not yet overheated. There may still be room for further upward movement in the short term, but caution is needed for the risk of a pullback.
2. Operational Suggestions
Short-selling operation:
Entry range: 0.800-0.820
First target level: 0.78
Second target level: 0.76
Stop-loss level: 0.835
If the price fails to effectively break through the resistance level of 0.8027, a pullback may occur. Conversely, breaking through this position may provide further room for upward movement.
