ADA is displaying signs of strength on the weekly timeframe amidst short term consolidation. A break above $0.68-0.65 resistance could see the next leg higher materialize. Support levels and demand zones provide potential long entry points on pullbacks according to the analysis.
Weekly Timeframe
- ADA is in an overall uptrend based on higher highs and higher lows on the weekly timeframe.
- It is currently finding support in the 0.4669-0.4019 support zone. Break below this zone could mean further downside.
- The nearest resistance lies at 0.6852-0.6146 resistance zone. A break above this zone opens the door for a move towards the next resistance zone of 1.0545-0.9200.
- On the Fibonacci retracement, ADA recently found support at the 0.618 level of 0.3949. A bounce from here keeps the weekly uptrend intact.
- The nearest supply zone lies at 1.2460-1.1040 which ADA will need to break above to see significant upside.
- Key demand zones for potential long entries are 0.4030-0.3693 and 0.2986-0.2839 on a retest.
- Bullish fair value gaps exist between 0.5136-0.4030 and 0.3335-0.2986 which could act as support on dips.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.4669 | 0.4019 |
Support Zone #2 | 0.2403 | 0.2200 |
Resistance Zone #1 | 0.6852 | 0.6146 |
Resistance Zone #2 | 1.0545 | 0.9200 |
Fibonacci Retracement Levels
0.382 | 0.5050 |
0.50 | 0.4500 |
0.618 | 0.3949 |
0.786 | 0.3183 |
0.882 | 0.2752 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 1.2460 | 1.1040 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 0.4030 | 0.3693 |
Demand Zone #2 | 0.2986 | 0.2839 |
Demand Zone #3 | 0.2466 | 0.2394 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.5136 | 0.4030 |
Bullish FVG #2 | 0.3335 | 0.2986 |
Bullish FVG #3 | 0.2839 | 0.2644 |
Daily Timeframe
- ADA maintained its position above the 0.5507-0.5382 support zone on the daily timeframe, keeping the short term trend bullish.
- Resistance lies at 0.6840-0.6580 which is aligned with the weekly resistance. A break here could lift prices further.
- The 0.6324, 0.6187, 0.6049 Fibonacci retracement levels may now act as resistance.
- Watch the supply zone of 0.6769-0.6404 for potential selling pressure.
- A bullish fair value gap exists between 0.5106-0.4599 that could attract buyers on dips in that area.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.5507 | 0.5382 |
Support Zone #2 | 0.4281 | 0.3992 |
Resistance Zone #1 | 0.6840 | 0.6580 |
Fibonacci Retracement Levels
0.382 | 0.6324 |
0.50 | 0.6187 |
0.618 | 0.6049 |
0.786 | 0.5852 |
0.882 | 0.5738 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.6769 | 0.6404 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.5106 | 0.4599 |
4 Hour Timeframe
- Support lies at 0.5601-0.5435 which ADA is currently testing. Holding this keeps the 4 hour trend bullish.
- Resistance is seen at 0.6773-0.6513 which aligns with the daily resistance level.
- Fibonacci retracement levels may now turn to resistance.
- Key supply zone to watch out for is 0.6769-0.6404 same as daily.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.5601 | 0.5435 |
Resistance Zone #1 | 0.6773 | 0.6513 |
Fibonacci Retracement Levels
0.382 | 0.6323 |
0.50 | 0.6185 |
0.618 | 0.6047 |
0.786 | 0.5850 |
0.882 | 0.5740 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.6769 | 0.6404 |
1 Hour Timeframe
- Fibonacci retracement levels likely to act as resistance at 0.6154, 0.6187, 0.6049 and 0.5850.
- Supply zones at 0.6276-0.6197 and 0.6532-0.6435 may see selling pressure.
- A bearish fair value gap exists between 0.6439-0.6387 where buyers may be absent on tests.
Fibonacci Retracement Levels
0.382 | 0.6154 |
0.50 | 0.6085 |
0.618 | 0.6019 |
0.786 | 0.5923 |
0.882 | 0.5867 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.6276 | 0.6197 |
Supply Zone #2 | 0.6532 | 0.6435 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 0.6439 | 0.6387 |