ADA — Is Cardano Ready to Break $1?

18 Ogo

ADA is coiling just beneath the $1 psychological barrier. The chart is setting up for a decisive move: the high-probability long entry aligns with the yearly open (yOpen), supported by multiple confluences.

🧩 Confluence Factors: 7

1. Yearly Open (yOpen): $0.845
   
2. 1.0 Trend-Based Fib Extension: $0.8466 (aligned with yOpen)
   
3. Weekly Bullish Order Block: $0.8580
   
4. 0.618 Fib Retracement: $0.8626
   
5. Anchored VWAP (green line): Supporting this zone
   
6. Sell-Side Liquidity (SSL): Positioned below recent lows
   
7. 0.886 Fib Speed Fan: Adding further structural support
   

🟢 Long Trade Setup

• Entry Zone: $0.863 – $0.847
  
• Stop-Loss: Below yOpen (~$0.84)
  
• Take-Profit Zone: $1.1747 (Buy-Side Liquidity sweep)
  
• R:R: 1.6+ depending on SL placement
  

🔴 Short Opportunity

A secondary setup could arise on a sweep of the key high ($1.1757–$1.1879 BSL zone). This would only be valid with confirmation of rejection.

• Entry Zone: After sweep/rejection above $1.1747
  
• Stop-Loss: Above ~$1.20 (post-sweep rejection)
  
• Target: Around $1.10
  

✍️ Confirmation is critical: the long requires strong defense of the confluence zone, while the short requires a failed breakout and rejection above key high (BSL).

Key Levels to Watch:

• Support Zone: $0.863 – $0.847
  
• Resistance / GP Zone: $1.1757 – $1.1879
  

🔍 Indicators used:

• DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points
  

➡️ 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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20 Ogo

Nota

ADA Update — Bulls Defend Key Fib Level

ADA is playing out well. Hit the 1.0 trend-based Fib extension, with bulls stepping in to defend the 0.702 Fib, a sweet spot for entries. This reaction sparked a +6.6% bounce off the low.

The next target is $0.9129, the 0.618 Fib of the current downward move. Adding weight to this level, the POC of this trading range sits at $0.92.

For bullish continuation, ADA must flip $0.92 into support before advancing toward higher targets.

6 hari lalu

Nota

ADA Update — Pitchfork Golden Pocket Bounce

ADA bounced perfectly from the pitchfork golden pocket, in confluence with:

→ 200 EMA/SMA on the 4H timeframe
→ 0.786 Fib retracement of the 5th wave
→ 0.618 Fib retracement of the entire 5-wave structure
→ 0.75 Fib Speed Fan as additional support
→ Liquidity sweep of the lows

An instant +10% bounce, an amazing reaction from a high-confluence zone.

ADA is now approaching the resistance zone at $0.92–$0.93. For bullish continuation, this zone must be flipped into support before higher targets can open up.

2 jam lalu

Dagangan ditutup secara manual

ADA Update — Watching $0.8122 for Next Long

ADA has given back the entire impulse and is now trading sideways, showing some weakness. A potential liquidity grab at the lows could set up the next opportunity.

The 0.618 Fib retracement of the entire move sits at $0.8122, making this the next high-probability long entry zone to watch.