🔍 Analysis of ADAUSDT – The risk of a bearish reversal is forming

📌 Technical Summary:

The price is testing the descending resistance trendline (green) formed since April 27 → the current price range around $0.695–0.70 is a sensitive zone.

RSI 15 (1h) has just touched the overbought area (65.82) and shows signs of slowing down → warning of weakening upward momentum.

MACD has crossed up, but the distance between MACD and Signal is very small → weak bullish momentum, prone to reversal.

Volume Oscillator is still negative (-17.50%) → the recent increase lacks confirmation from cash flow.

⏳ A reasonable SHORT strategy when:

Price touches and is rejected at the trendline $0.698–0.700

Strong rejection candle (pinbar or bearish engulfing) on the 1h or 30m timeframe

RSI turns back below 60

MACD histogram narrows and turns red

🎯 Price scenario:

Enter short around the range $0.698–0.702 if a reversal confirmation signal appears

Stoploss: above $0.705

Take Profit:

TP1: $0.685 (near support level)

TP2: $0.672 (the nearest bottom on April 30)

TP3 (ambitious): $0.655 if BTC weakens

⚠️ Note:

Do not enter short early if there is no clear rejection candle and RSI has not reversed.

If the price breaks the trendline and closes above $0.705 (1h) → the bullish scenario will be confirmed, no more short.