Technical Analysis and Market Observation

Moving Average System Analysis

  1. Short-term Moving Average (MA7):

    • The current price of 0.9402 has strongly crossed above the short-term moving average, forming support, indicating a clear short-term bullish signal.

    • MA7 is sloping upwards, showing that short-term bullish momentum is strengthening.

  2. Medium-term Moving Average (MA30):

    • The current price has broken through the medium-term moving average resistance level and has stabilized above it, indicating that the medium-term trend is also gradually strengthening.

    • MA30 is gradually flattening; if it continues to turn upwards, it will further confirm the bullish trend.

  3. Long-term Moving Average (MA100):

    • The long-term moving average has been broken, indicating that the overall trend is beginning to shift from bearish to bullish. MA100 is still slightly declining, so its future movement needs to be monitored.

Bollinger Band Observation

  • Upper resistance: around 0.9670, the price is close to the upper band area, indicating short-term retracement pressure.

  • Middle support: around 0.9000, if there is a retracement to this level, low buying opportunities can still be considered.

  • Lower support: 0.8250, this is the extreme support area.

K-line Patterns

  • Yesterday, ADA made a strong bullish move, and today the K-line further advanced, with the price briefly breaking 0.9555, indicating strong bullish power.

  • From the trading volume perspective, the increase in volume accompanying the rise indicates that market sentiment is leaning towards positivity.

MACD and RSI

  • MACD: After the DIF and DEA formed a golden cross, it extended upwards, and the red momentum bars continue to enlarge, indicating clear bullish signals.

  • RSI: The indicator is currently above 70, indicating that the market is in a strong range, but caution should be exercised regarding overbought risks.

Today's Operation Suggestions

Operation Direction: It is recommended to buy on dips, with short-term attention to retracement risks.

  1. Long Position Layout:

    • Entry Range: 0.9200 ~ 0.9300

    • First Take Profit Level: 0.9500

    • Second Take Profit Level: 0.9700

    • Stop Loss Level: 0.8950

The current ADA trend is relatively strong; short-term strategies should focus on buying on dips, but position size should be controlled, and caution should be exercised regarding high-level retracements. Pay attention to the breakthrough situation at the resistance level of 0.9550; if the breakthrough fails, be wary of the possibility of the price falling back to around 0.9200.

Understanding the market rhythm is the beginning of controlling wealth! Follow Lao Tan closely, plan ahead, and let the next peak belong to your account! Keep an eye on Lao Tan, and never let opportunities slip away!
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