ADA UPDATE AT 11:25 AM ON 2/05

📍 1. Overview of Trends

Current price: 0.714 USDT

Timeframe: 45 minutes

The short-term trend is clearly recovering from the bottom of 0.659 → touching the Fibo resistance area of 0.382 – 0.5 (0.711 – 0.716).

RSI around 53–57 → not overbought, also not oversold → neutral area, easy to create a breakout or slight reversal.

📐 2. Fibonacci Analysis

You have pulled Fibo from the peak of 0.725 down to the bottom of 0.659, this is the correct way to watch for price recovery in a downtrend.

Important areas:

0.236 (~0.676) → has strongly broken through.

0.382 (~0.711) → the price is currently testing this area, high likelihood of reaction.

0.5 (~0.717) → strong psychological resistance area. If broken, it could rise to 0.618 (~0.723).

🟨 Currently, the price is being blocked by the 0.382–0.5 area — a strong Fibo recovery zone. This is an area where traders often short lightly or take profit on long positions.

🔍 3. Support Indicators

RSI (15): Fluctuating from 53–57 → moderate buying force, not overly excited.

MACD:

The MACD line crossed above the Signal line earlier → slight bullish signal.

However, the two lines are approaching each other, indicating that the upward momentum is weakening.

Volume Oscillator: fluctuating, no spikes → unclear cash flow.

📌 4. Price Areas and Suggested Actions

Scenario Confirmation Conditions Suggested ActionBreakout Price exceeds 0.717 (Fibo 0.5) + candle closes clearly above Long target 0.723–0.728 (Fibo 0.618 + nearby resistance)Fail Break / Reversal Price fails at the 0.711–0.716 area + RSI decreases + MACD crosses down Short lightly to the 0.701–0.694 area

🧠 Suggestion:

SL (Stop Loss) should be set above the 0.728 area if shorting, or below 0.703 if long breakout.

This is a 45-minute timeframe → suitable for day trading, do not hold too long if the signal is weak.