ADA New Update
Coin name: $ADA
Position: Short
This chart is a (ADA/(USDT) perpetual contract on future , using a 1-hour timeframe. It features Fibonacci retracement levels, indicating potential support and resistance zones. The price is near the 0.382 level (0.8074 USDT), already ADA break, golden pocket lines and dropping after Retest 0.5 level. SHOWING BEARISH MOMENTUM, WHICH IS OUR NEXT MOVEMENT.
This 4-hour chart shows the crypto total market cap (excluding BTC & ETH) forming a symmetrical triangle pattern, signaling potential downside. The narrowing price action suggests an imminent breakout, likely downward. The RSI (47.39) indicates neutral momentum. If support breaks, a strong decline may follow. Traders should watch for confirmation before taking positions.
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Entry: 8636
Position: short
Target price: 8327 , 8180, 7989 , 7797
Leverage: 8X
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