ADA on support, lots of energy for 1H interval.Hello everyone, let's take a look at the ADA to USDT chart on the 1H time frame. As you can see, the price moves sideways in the triangle delineated by the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is SL1 - $ 0.5296 where the current price is, if the support breaks, the next one is SL2 - $ 0.5048 and SL3 - $ 0.4801 and SL4 - $ 0.4429.
Now let's move from the resistance line, as you can see, the first resistance is T1 - $ 0.5936, if you manage to break it, the next resistance will be T2 - $ 0.6520 and T3 - $ 0.7122 and T4 - $ 0.7971.
Looking at the CHOP indicator, we can see that in the 1H interval we have a lot of energy, please be careful in the coming hours. The MACD indicator shows that the blue line crosses the red one from above which may give a local downward trend.
Adausdtshort
Targets and stop loss for ADA / USDTHello everyone, let's take a look at the ADA to USDT chart over the 4 hour timeframe. As you can see the price tried to break the downward trend line but unfortunately fell just below it.
Let's start by setting short-term stop losses, as you can see
SL1 - $ 0.5296,
SL2 - $ 0.5048,
SL3 - $ 0.4801
and
SL4 - $ 0.4429.
Now let's move on to identifying the goals that we should consider in the coming hours:
T1 - $ 0.5936,
T2 - $ 0.6520,
T3 - $ 0.7122,
and
T4 - $ 0.7971.
Looking at the CHOP indicator, we can see that in the 4H range, energy starts to rise again, while the MACD indicator shows an uptrend.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.8208
TP: 0.6560
SL: 0.9430
Bias: Short
It is obvious that this pair is also also following the beaten track of the major crypto pairs. USDT seems stronger against all major crypto verticals . So is the case here. We see a down trend creating a shorting opportunity.
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LONG #ADA/USDT breakout this big descending channel pattern.
ENTRY: CMP and add more up to $1.121
SELL- 100%
STOP LOSS: $1
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
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Thank you
ADA/USDT : On the verge of break down ! BINANCE:ADAUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
$ADA is on the verge of closing the first candle below $1 in last 1 year.
The last candle closes below $1 was happened on 24th Feb 2021 and now almost after a year; $ADA is again going to have a candle close below $1 !
However there was dipper shadows into $0.9's channel; But the wasn't any candle closes below $1 that's the big deal of bearish bias on $ADA.
I would personally rather to wait for a rejection below $0.9 to SHORT the wave into $0.45's support zone.
But it's also possible to have a taste after the confirmation below $1...
🔴 Have to mention that the majority into micro time-frame is programmed as a pull-back in $46500's NPOC as final retest; So every break below $0.9 could get invalidated as a deviation.
This could be the reason for us to ride our horses much slower into SHORTs for now...
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@Helical_Trades
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 1.026
TP: 0.860
SL: 1.183
Bias: Short
For this instrument we are also planning a short signal. We are considering the current price level as our entry at the time of posting and we expect a down move that will encompass 70% of the nearest support level.