TradeCityPro | ADAUSDT Is the Downtrend Continuing?👋 Welcome to TradeCityPro Channel!
Let's take a look at one of the most popular cryptocurrency coins, review our previous analysis on this coin, and find our triggers!
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
🕵️♂️ Previous Analysis
In the previous analysis, we had already identified our analytical levels and said that after the break of 0.8360, we would have the possibility of a sharp decline, and that is what happened, and after the decline, we are currently in a pullback to this level!
📊 Weekly Timeframe
On the weekly time frame, ADA, like sol, sui, xrp and most of the top ten coins in the market, is still in a better situation and the price is fluctuating at higher levels
After being rejected at 1.1983 and losing support at 0.7959, we experienced a sharp drop to 0.50, and this was the result of Trump and the US tariffs on other countries and caused panic in the market!
The buy trigger is still above 1.1983, but because it is in a better situation, I will give you a trigger for this coin in lower time frames, but I had said that selling below 0.7959 was a temporary sale and I do not have a trigger to exit at the moment!
📈 Daily Timeframe
But interesting things are happening on the daily time frame and we are still clearly at higher levels than other altcoins and if we have a trend change in the market itself, we can be careful for a long trigger sooner
After breaking 0.8204 and losing the 0.236 Fibonacci level, we experienced a Sharpe decline that also became high and I myself expected that after this volume we would go from volatility to forming a range box and this is also happening and we are forming a box of 0.6777 to 0.8204, but if today's daily candle closes like this, we will continue the downtrend!
The spot purchase trigger if we are in this space more in this box that I have specified for you will be after the break of 0.8204 or the formation of a higher ceiling and floor in this box, but your next exit trigger if you do not exit at 0.8204, if it breaks at 0.6777, it is recommended to exit or at least save profit!
⏱ 4-Hour Timeframe
In the four-hour time frame, the conditions of this coin are such that you can open both short and long positions, and it is one of the coins that you should have on your watchlist for this period and watch!
📈 Long Position Trigger
it is quite clear and after the break of 0.8204, I will open a futures position myself and it will probably be so that I continue to hold it and open it long-term
📉 Short Position Trigger
today's trigger was activated earlier and 0.7681, I opened a low-risk short position myself, but the main trigger after the break will be 0.6806 and try to have a short position before that break
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
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