#AltcoinSeasonLoading
Technical analysis of ADA against USDT on the Binance platform with a 1-minute time frame, but we can extract useful indicators to predict movement in the coming hours, with some reservations due to the short time frame:
1. Moving Averages (EMA)
EMA7 (yellow): 0.8160
EMA25 (pink): 0.8154
EMA99 (purple): 0.8183
Currently, the price is between EMA25 and EMA99, which suggests volatility in direction and unclear short-term trend, with a slight downward bias as long as EMA7 is below EMA99.
2. Relative Strength Index RSI (6): 45.83
Close to 50, indicating neutrality in momentum, there is no clear signal for buying or selling currently.
If it rises above 50 with stable price, a slight upward wave may begin.
3. MACD Indicator
DIF: 0.0003, DEA: -0.0001, slight positive crossover.
There is an initial positive crossover between MACD and Signal, which may indicate the start of a coming recovery but is currently weak.
4. Stoch RSI Indicator
Value: 60.87 to 73.37 — in the upper range but not overbought.
Short-term momentum is somewhat good, but if it does not break 80, we might see a downward retracement soon.
5. Nearby Resistance and Support Points:
Nearby Resistance: 0.8230 then 0.8399
Strong Support: 0.8040 then 0.7971
Expected movement over the next 12 hours:
Expected Direction: Lateral with a slight upward bias
Potential Range: Between 0.8050 and 0.8250
If 0.8250 is broken with stability, a test of the 0.8390 level may be seen.