ANALYSIS AND DIRECTION $ADA
1. Technical Analysis
1. Pattern “Falling Channel” & Breakout
– The price has moved within a falling channel (parallel resistance and support levels directed downwards).
– Recently, there has been a breakout above the upper edge of the channel, accompanied by a clear 4-hour candle close.
2. RSI – Recovery Momentum
– RSI has created a bullish divergence compared to the previous low and has just crossed above the 50 level, signaling that the short-term trend is turning positive.
3. MA Line
– MA50 (light yellow) is closely following the price and is preparing to move upwards, further supporting the possibility of a continued bounce.
4. Volume
– The volume on the breakout candle is slightly above average, confirming that buying pressure has begun to increase.
💰💰💰TRADE PLAN
Entry Point:
• Wait for the price to retest the channel breakout area (~0.76–0.77) and close a 4-hour candle above that.
• Stop-loss:
• Set just below the nearest bottom of the channel (0.745), ensuring a cut loss if it breaks down below the old channel.
• Take-profit:
1. TP1 ~0.82: a small resistance area in the near term (round level 0.80 and 0.82 threshold).
2. TP2 ~0.86: a larger resistance level, where selling pressure appeared last week.
🔑 In summary, this setup takes advantage of the channel breakout, RSI divergence, and volume supporting buying pressure. Enter around 0.76–0.77, stop at 0.745, targets 0.82/0.86, manage risk at 1–2% of capital.
