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#ADAUSDT 1 H Spot LONG

#ADA The price is moving within a bearish channel on the 1-hour timeframe; it has reached the lower boundary and is poised for a rebound. A retest of this boundary is expected, supporting some upward movement. The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour chart. There is initial support at 0.1740, serving as a preliminary support zone. A key support zone (marked in green) exists at 0.1611; the price has bounced off this area multiple times, making it a strong support level. The price is moving toward the 100-period moving average, which is within close range; this supports a potential rise. Entry Price: 0.1950 Target 1: 0.2006 Target 2: 0.2076 Target 3: 0.2166 Stop Loss: At the green resistance zone. Remember this simple rule: Capital management. If you have any questions, please leave a comment. Thank you.

TITradingView Ideas18h ago

Cardano: $0.1712 Support Could Decide the Next Move

Recovery Losing Momentum ADA has struggled to build on its recovery from the June low, with the latest rally again failing beneath the major resistance area around $0.24. Lower Highs Developing Since reaching $0.2584 in August, Cardano has produced a series of lower highs. The latest rejection around $0.2321 adds to the signs that buyers are losing momentum. Moving Averages Still Bearish The 100/50-day EMAs have contracted considerably but remain bearishly crossed. Price has also slipped back beneath both averages, keeping the broader technical picture under pressure. Key Support Approaching The $0.1712 swing low is now the major level to watch. A decisive break below there would give the daily chart a bearish change of character and weaken the medium-term recovery considerably. Momentum Favours the Bears RSI remains below 50, while StochRSI has moved into oversold territory. This leaves room for a short-term bounce, but there is little momentum evidence yet that buyers are taking back control. In Summary Cardano's recovery is coming under increasing pressure after another failure beneath the major $0.24 resistance area. Price is back below the bearishly crossed 100/50-day EMAs, while RSI remains below 50. StochRSI being oversold could produce a short-term reaction, but $0.1712 is now the level that matters. Hold it, and the medium-term recovery survives; lose it, and ADA would confirm a bearish change of character.

TITradingView Ideas19h ago