$ADA Technical Analysis Update and Best Trading Strategy 🔐🔑👇
Current Price: $0.7027 USDT
Chart Pattern Analysis & Formed Candle Overview:📊
👉On the 1-hour chart, $ADA is displaying multiple Change of Character (CHoCH) signals after hitting resistance near the $0.7101-$0.7252 zone.
Current candles are forming lower highs, indicating possible short-term weakness after recent upward movements.
👉On the daily timeframe, $ADA had a strong breakout above the mid-level consolidation zone ($0.66-$0.68) but now facing selling pressure just below a major resistance cluster around $0.7123-$0.7252.
The overall structure remains cautiously bullish, but a minor pullback is clearly underway.
Trend Signal:📉
Short-Term (1H): Bearish pressure is active after a local rejection. Sellers defending the $0.710-$0.725 area.
Mid-Term (1D): Bullish continuation intact as long as ADA holds above $0.6869 daily EMA support.
Why Cautiously Bullish🤔🔥
ADA recently broke above its higher timeframe structure resistance but is currently testing liquidity zones.
If bulls defend the $0.6900-$0.7000 region, a new wave toward $0.7500+ is possible.
However, a breakdown below $0.6869 would shift sentiment back to neutral.
Best Trading Strategy Plan (According to the Chart):
Plan A: Bullish Continuation Play👨🏫
Entry Zone: $0.6900 - $0.7020✅
Confirmation: Look for bullish reversal candle on the 1H or 15m chart at this zone.
Targets: 🎯
Target 1: $0.7250
Target 2: $0.7500
Stop Loss: Below $0.6860☣️
Plan B: Bearish Rejection (if price fails to hold $0.6900)👨❤️👨
Entry Zone: After 1H candle close below $0.6860✅
Target: $0.6650 - $0.6400 zone🎯
Stop Loss: Above $0.6900☣️
Important Note:🔰
ADA is sitting at a key decision point. Trade with confirmation.
Market volatility may spike — manage risk accordingly.
Disclaimer:⚠️
This analysis is for educational purposes only. Not financial advice.
