$ADA Giant Whale 500,000 Order Fishing! Will it Surge 20% Tonight or Go to Zero?
ADA's five-minute line is declining like a dull knife cutting meat, the dog dealer's order is fishing and laying traps, will tonight be a margin call disaster or a desperate counterattack? The answer is hidden in the transaction volume code!
1. Latest News!
1. On-chain monitoring shows that an anonymous address placed a buy order for 500,000 ADA around 0.73, but it hasn't been executed for a long time, which is clearly a trap set by a dog dealer - either to scare retail investors into cutting losses or to wait for a spike to blow up contracts.
2. Even more shocking, the Cardano Foundation suddenly announced that the technical upgrade is going smoothly, and experienced investors understand immediately: after a sharp drop, positive news is used to support the price, but in reality, they are ready to strike!
2. Three Major Technical Insights!
1. Transaction volume performing a duet: 1.06 million vs. 6.685 million, the actual transaction volume is only 1.06 million, not even enough for the tail of the 5-day moving average (1.66 million), the market is cold enough to freeze. But the estimated transaction volume soared to 6.685 million, the dog dealer is secretly placing orders - either accumulating or laying traps.
2. MACD death cross but weak momentum, a reversal only needs one bullish candle, MACD dual lines (DIF 0.0007, DEA 0.0014) have a death cross downwards, the green bar -0.0014 is as tiny as an ant's leg, the bears are also weak. This kind of false death cross is the most dangerous, the dog dealer can easily pull up a 2% bullish candle, and MACD will instantly change to a golden cross, retail investors will chase the rise and get trapped!
3. Moving averages are pressing down but oversold is at its peak, a rebound is imminent, the price is being pressed down by the 5-day/10-day moving averages (1.66 million, 1.63 million), but RSI has dropped to 28 (oversold area), if the dog dealer wants to cut investors, they must first push up and then smash the price. Don't believe in breakdowns, most are false moves!
Remember! When volume shrinks to the extreme, a huge volume will change the trend! I am Chan Zhong Tan Chan, top technical support, only serving those with vision and ambition.
