ADAUSDT
Daily
Looking at the daily time frame, it has reached its most important long-term resistance since the beginning of the main move from the price range of $ 0.02 and has now stabilized within this range.
Due to the structure of previous waves, the correction of this currency is not over yet and it still has the potential to correct between $ 0.90 - $ 1.20 in the daily time frame.
Therefore, by looking at the chart at lower degrees, we will examine the validity of the specified range as an important static range.
Daily
Looking at the daily time frame, it has reached its most important long-term resistance since the beginning of the main move from the price range of $ 0.02 and has now stabilized within this range.
Due to the structure of previous waves, the correction of this currency is not over yet and it still has the potential to correct between $ 0.90 - $ 1.20 in the daily time frame.
Therefore, by looking at the chart at lower degrees, we will examine the validity of the specified range as an important static range.
Note
ADAUSDT
4 hours
Looking at the 4-hour timeframe, the resistance range is slightly higher than the daily chart due to the close of the price and is around $ 1.65, so we can say that the range specified in the 4-hour daily chart is almost close to each other. And they have formed a very important price resistance in the chart of this currency
Accordingly, considering the analysis in the daily time frame, in case of losing the support trend (which is around $ 1.30), we will see a further decline in the price or a medium-term correction in the daily time frame.
Given the above, the appropriate strategy for deciding on #ADA currency is as follows
Considering the resistance range of about 8 cents for this currency, as long as we do not see the price stabilize above the $ 1.65 range, buying this currency will not be a risk to the appropriate reversal.
If you have bought this currency from lower prices, you can temporarily sell it considering the resistance range and wait for the price to cross $ 1.65 to buy again.
If you have bought this currency at the current price level or higher, you can keep the loss limit of $ 1.43
Confirmation of price stabilization above resistance is the closing of at least one full daily candlestick
It is reasonable to buy only if it stabilizes above the resistance or completes the predicted correction
Good luck
Cryptoclub Analytical Team
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.