$ADA 📉 Cardano (ADA/USDT) Market Update – Binance (2H Chart)🧑💻🧑💻🐻✅🔑
📅 Date: Feb 12, 2025 – 02:16 UTC
💰 Current Price: $0.775
📊 Volume: Moderate, declining after breakout
⚡ Trend: Bullish, facing resistance
📍 Key Levels
🔼 Resistance: $0.806 | $0.820
🔽 Support: $0.761 | $0.740
📊 Indicators & Pattern Analysis
✅ Candle Formation:
Recent bullish breakout, but now consolidating.
Price testing near-term resistance at $0.806.
✅ Chart Pattern:
Potential bull flag forming – continuation possible.
A break above $0.806 could push ADA higher.
✅ Moving Averages:
20-EMA (Green): Support at $0.761, acting as a dynamic support.
50-EMA (Blue): Stronger support at $0.753.
200-EMA (Red): Major resistance at $0.806.
✅ RSI & ADX:
RSI: 57.86 → Still bullish, but nearing overbought territory.
ADX: 40.26 → Strong trend forming, bullish momentum.
Positive DI (28.32) above Negative DI (16.01).
📈 Trade Setup
🟢 Long (Buy) – If ADA Breaks Above $0.806
📌 Entry: $0.810 - $0.820
📌 Stop-Loss: $0.780
📌 Take-Profit: $0.850 - $0.880
✅ Confirmation: Strong bullish volume + RSI staying above 60.
🔴 Short (Sell) – If ADA Rejects $0.806 and Falls Below $0.761
📌 Entry: $0.760 - $0.750
📌 Stop-Loss: $0.785
📌 Take-Profit: $0.740 - $0.720
✅ Confirmation: RSI breaking below 50 + bearish volume increase.
⏳ Trade Duration: 2-6 Hours
📢 Conclusion:
📊 Pattern: Bullish consolidation, possible continuation or rejection.
⚡ Strategy: Buy above $0.806 for upside or short below $0.761 for downside risk.
📌 Disclaimer: This is not financial advice. Always do your own research and risk management. 🚀
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