ADA — Fib Harmony With EMA/SMA Support

1 Sep

ADA has been in a downtrend for the past 18 days and is now approaching a cluster of key support levels. Today, price tapped the 0.702 Fib retracement ($0.7841) — an optimal area for long entries.

The main focus, however, is the 0.786 Fib retracement, which aligns with a liquidity pocket and multiple layers of confluence, making it the most ideal entry zone.

🧩 Confluence at 0.702–0.786 Fib Zone

1. 0.702–0.786 Fib retracement → prime long entry range
   
2. Liquidity pocket → sitting around the 0.786 Fib
   
3. 200 EM ($0.7424) / 200 SMA ($0.726) (daily)
   
4. 21 EMA ($0.766) / 21 SMA ($0.735) (weekly)
   
5. Pitchfork lower support line → intersecting the zone
   
6. 0.618/0.666 Fib Speed Fan → adding another support layer
   

🟢 Long Trade Setup

• Entry Zone: 0.702–0.786 Fib retracement
  
• Best Entry: Around the 0.786 Fib
  
• Stop-Loss: Below $0.70 (to be adjusted after seeing more price action)
  
• Target (TP): $1.1757 (–0.618 Fib, in confluence with key high & buy-side liquidity at $1.1747)
  
• Potential Move: +50%
  
• R:R: ~1:4.5 up to 1:7 (depending on entry)
  

Technical Insight

• ADA is testing deeper retracements within its current downtrend, the 0.702–0.786 Fib zone combines structural, dynamic, and liquidity-based confluence.
  
• The added support of the weekly 21 EMA/SMA strengthens this area as a pivotal level for bulls to defend.
  
• If held, this zone could fuel a swing long setup with great upside potential.
  
• The $1.1747–$1.1757 zone is both a high-confluence take-profit area and a potential short opportunity, given the liquidity resting above that level.
  

🔍 Indicators used

• LuxAlgo — Liquidity Sentiment Profile (Auto-Anchored)
  
• Multi Timeframe 8x MA Support Resistance Zones [SiDec] → to identify support and resistance zones such as the weekly 21 EMA/SMA
  

➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades.

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💬 If you found this helpful, drop a like and comment!

2 Sep

Nota

0.702 Fib +3% Bounce:

15 Sep

Nota

Long opportunity ahead:

5 hari lalu

Dagangan ditutup secara manual

Closed manually after seeing heavy selling

kelmarin

Nota

POC of the 1 year trading range sits around $0.74, worth keeping in mind.


0.702 Fib Speed Fan Support Line + 21 Weekly TF EMA/SMA Key Reversal Zone:


ADA is sitting at the range lows, an area where long setups become attractive. This is a key reversal point I’d like to see hold.

kelmarin

Nota

High-probability long setup is around $0.72 where the 1.0 trend-based fib extension aligns with the 0.886 retracement and the 0.618 retracement of the full move: