$ADA Analysis of ADA/USDT:
1. Overview:
- Current price: $1.086 (+0.90%)
- 24h range: $1.0389 - $1.2445
- 24h Volume: 142.22M USDT
- Corrected from the peak of $1.24, showing signs of recovery
2. Technical Analysis:
- MA20 (1.095) > MA50 (1.102) > MA100 (1.129) indicates a short-term downtrend
- RSI(6): 54.88 - neutral zone
- MACD is giving weak positive divergence signals
- Bollinger Bands are narrowing after a period of volatility
3. Scenarios in the next 4-24 hours:
Scenario 1 (60% probability):
- Sideways in the range of $1.05-1.10
- Signs: RSI is flat, low volume
- Stop loss: $1.03
Scenario 2 (25% probability):
- Break the $1.10 range, retest MA50 at $1.12-1.13
- Signs: Break MA20 with increased volume
- Stop loss: $1.08
Scenario 3 (15% probability):
- Drop to test the $1.03-1.04 range
- Signs: Break down with high volume
- Stop loss: $1.11
4. Recommendations:
- Should not open a position at this time
- Wait for the price to retest the support range of $1.05-1.06 with confirming volume
- The probability of ±5% volatility in the next 24 hours is low
5. Risk Management:
- Set a tight stop loss of 2-3%
- Should divide orders when entering
- Monitor volume to confirm trends
- Pay attention to BTC's movements as it may have a strong influence