ADA/USDT (1H Timeframe)

Current Price:

$0.7694 (up +1.28%)

Key Observations:

1. Ascending Trendline:

The price is moving along a clear ascending trendline, showing short-term bullish momentum.

The price is making higher highs and higher lows.

2. Immediate Resistance Zone:

Price is approaching a resistance zone around $0.79–$0.80.

This area could act as a strong supply zone.

3. Support Zones:

Minor support near $0.757–$0.760 (recent breakout zone).

Major support lies between $0.740–$0.745.

4. Moving Average:

Price is trading above the blue EMA line, indicating buyers are currently in control.


Possible Trading Scenarios:

Bullish Scenario:

If the price holds above the ascending trendline and breaks the $0.78 resistance:

Long Entry: Above $0.780

Target 1: $0.79

Target 2: $0.82

Stop Loss: Below $0.765

Bearish Pullback Scenario:

If the price gets rejected from $0.78–$0.79 and breaks below the trendline:

Short Entry: Below $0.760

Target 1: $0.750

Target 2: $0.740

Stop Loss: Above $0.770