From the ADA 1-hour candlestick chart, it can be seen that yesterday's overall trend showed a rise and then a decline, with a peak reaching 1.1193 USD before facing resistance and retracing. The current price is around 1.0629, with the lower Bollinger Band showing signs of moving down, indicating short-term market sentiment is bearish, but strong support exists below, and it is expected that there is some buying power in the range of 1.04-1.06.
Key technical indicator analysis:
Moving average analysis:
The MA5 and MA10 moving averages have formed a death cross, with bearish strength dominating in the short term.
The MA50 moving average is near 1.06, serving as a key support level. If broken, it may exacerbate the retracement.
Bollinger Bands:
The Bollinger Bands are converging, indicating that short-term volatility is decreasing, and the market is entering a consolidation phase.
The mid-track is near 1.07, and a short-term rebound requires breaking through this point to confirm that bulls regain dominance.
RSI and MACD:
The RSI indicator hovers around 45, indicating a short-term bearish trend but has not entered the oversold zone, leaving room for a rebound.
The MACD momentum bar is negative, indicating that short-term downward momentum still exists, but the distance between the two lines is narrowing, so attention should be paid to the golden cross signal.
Today's operational suggestions:
Based on technical charts and real-time data, ADA's short-term consolidation is slightly weak, and the operational suggestion is to primarily sell high and buy low, with strict stop-loss measures to control risk.
First target level: 1.075-1.08 USD
Short-term rebound target level; if the mid-track pressure at 1.07 is broken, consider a light bullish position targeting 1.08.Second target level (extended target): 1.09 USD
Once stabilized at 1.08, further bullish targets may reach 1.09, but attention should be paid to the volume cooperation situation.Stop-loss level: 1.045 USD
If the price breaks below 1.045, timely stop-loss action is needed to avoid greater retracement risks.
Trading plan:
If the price stabilizes in the range of 1.05-1.06 today, you can attempt to buy at a low price, targeting 1.075, with a stop loss at 1.045.
If the price rebounds above 1.075 and the volume cooperates, consider increasing the position to a bullish outlook targeting 1.09.
If the price breaks below 1.045, the short-term trend will turn bearish, and attention should be paid to the support range of 1.02-1.03.
ADA is currently in a consolidation phase, likely fluctuating in the range of 1.045-1.075 in the short term, and operations should be cautious. The overall trend is weak, but strong support exists below, and it is expected that a significant downturn is unlikely today. It is recommended to pay attention to the effectiveness of support and choose an appropriate time to enter.
Direction: cautiously bullish, short-term sell high and buy low, focusing on the breakthrough of the mid-track at 1.07!
