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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Daily downtrend since Oct 2, falling — the last lower high is 0.2595
The setup is clearly bearish while ADA stays under 0.1898: price has bounced into a level that used to be support and now acts as a ceiling.
Backing it: on the daily chart, each peak and each dip has been lower than the last, the indicators favour the sellers' side and the weekly chart is down.
Price is under the 50-day average (0.2265). It is under the 200-day average (0.2074).
The last 5 days are down 3.6%, nearly every high lower than the one before.
Price is 30.6% under 0.2595, the last lower high, and 1.3% over 0.1777, the trend's low.
What kills the setup: a daily close over 0.1898, 5.2% away.
For it: The trend has real strength, with the sellers in control; price is under the average price buyers have paid since the 0.1534 low, 0.2147, so those buyers are losing money.
Against it: nothing on the chart right now.
While ADA stays under 0.1898 the setup stays bearish; 0.1777 is the next line it has to break.
A 1D close above 0.1898 ends the bounce into resistance in a downtrend; no tested level above it on this chart — the next round number is 0.2000.
A 1D close below 0.1777 carries the downtrend past its last low; the next level down is 0.1712.
0.1777 is the floor for now, but it has not held yet — price went through it on all 4 visits — a heavy volume shelf, 1.9× the volume of an average price band on this chart.
0.2595 is the ceiling — the last lower high (Oct 10) — the line the downtrend stays under.
0.1875, an order block 4.2% above price: sellers turned price there on 3 of 6 visits — a heavy volume shelf, 2.2× the volume of an average price band on this chart.
ADA has been in a downtrend since Oct 2: its lows have stepped down (0.2368, then 0.2238, then 0.1777), and so have its highs (0.2823, then 0.2595). Price is 1.3% over the trend's low, 0.1777 (Nov 5). The last lower high is 0.2595 (Oct 10), 30.6% above price; no daily close has gone over it.
The weekly picture: a weekly downtrend, 94% under the all-time high; on the daily, price is below the 200-day average (0.2074), and the 50-day average is above the 200-day average. The daily trend goes the same way as the weekly.
Against BTC: over the last 5 daily candles ADA moved -3.6% and BTC -1.2% — ADA is the weaker chart.
Sellers have had the daily since Oct 2: each bounce has been sold lower than the last, and no daily close has cleared a lower high.
The rest of the chart backs the downtrend. The trend has real strength, with the sellers in control. Price is under the average price buyers have paid since the 0.1534 low, 0.2147, so those buyers are losing money.
| Level | Price | From price | Role |
|---|---|---|---|
| Resistance | 0.2595 | +44.2% | read edge |
| Swing high | 0.2265 | +26.3% | swing, read |
| Swing high | 0.2000 | +11.1% | swing, read |
| Swing high | 0.1898 | +5.3% | swing, read |
| Order block | 0.1875 | +4.2% | order block, fib |
| Prior day high | 0.1857 | +3.2% | calendar, sr |
| Prior week low | 0.1822 | +1.2% | calendar, sr |
| 2-TF resistance | 0.1817 | +0.9% | confluent, calendar |
| Prior day low | 0.1794 | -0.3% | calendar, sr |
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