Currency Academician: 2024.3.20 Latest Market Analysis and Reference Suggestions of Ada Coin (ADA)
As of press time, the current price of ADA Coin is around 0.59. Affected by the broader market, ADA Coin has also fallen. It is currently near the lower market price, and the short-term support below is 0.55. On the weekly chart, you can see that it has basically been going up and down at this position this year. For those who hold spot currency, they are really worried. As an old saying goes, only by enduring loneliness can you maintain prosperity.
The daily K-line is expected to test downwards to seek a standing point, focusing on the support at EMA120. Sellers are relatively strong. After MACD shrinks downwards, DIF and DEA may cross the 0 axis, so the early divergence may end here, and the short-term can be much lower. Mainly, the first support point below is near 0.55.
The four-hour ultra-short trend, the bulls and shorts are in an anxious stage, and will consolidate around this position for a period of time. The idea is to focus on low and long, supplemented by high altitude. MACD shrinks and begins to rise. KDJ forms a golden cross upward, so the market opening is short-term. Another wave of good space for bulls can be grasped as follows:
In terms of ideas, it is recommended to focus on low and long, with the first support point at 0.56 and the second support point at 0.55 at the bottom, supplemented by high altitude, and the first pressure level at 0.60 and the second support at 0.62 at the top. The specific operation suggestions are based on the real-time data of the market. Suggestions are for reference only, proceed at your own risk
