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Sever Volume Burst😵🥳🥳🥳🥳😵😵😵😵🥵🥵🥵🥵🥳🥳🥳🥳

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From the 4 hour graph our predictions is prove in the previous Post

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From this updated 4-hour chart of ADA/USDT, we can further analyze the demand and supply zones along with the trend.

Trend Analysis:

1. Current Trend: The asset is still in a downtrend on this 4-hour timeframe, with the price forming lower highs and lower lows.

2. Moving Averages:

The 20 EMA (yellow) and the 50 EMA (purple) are both above the current price, indicating downward pressure.

The price is below the 200 EMA (blue) as well, which confirms the bearish trend on this timeframe.

Demand Zone:

1. Support Level (Demand): A key demand zone is around $0.5191, which aligns with the recent low and appears to be a strong support level.

2. Bounce Potential: If the price revisits this level and buyers step in, we could see a potential bounce. However, a break below this support could lead to further declines.

Supply Zone:

1. Resistance Level (Supply): The area around $0.5539 (near the 20 EMA) could act as a resistance. This aligns with the 20 EMA, where sellers might come in to push the price down.

2. Previous Highs as Supply: The recent peak around $0.6000 can also serve as a strong supply zone, as the price faced significant resistance there before starting the current downtrend.

Additional Indicators:

RSI: The RSI (6) is around 26, indicating oversold conditions on this timeframe. This could mean that a short-term bounce might be possible if buyers gain some control.

Volume: The volume seems to be decreasing, which suggests a lack of strong buying pressure. A strong increase in volume could help confirm any reversal attempts.

Conclusion:

The 4-hour chart confirms a bearish trend with possible demand around $0.5191 and supply around $0.5539. A bounce is possible from the demand zone if buying interest increases, especially since the RSI indicates oversold conditions. However, if the price breaks below the demand zone, further downside is likely. For a trend reversal, the price would need to break and hold above the 50 EMA.

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Trend Analysis:

1. Overall Trend: The price is in a downtrend, as indicated by a series of lower highs and lower lows.

2. Moving Averages:

The 20 EMA (yellow), 50 EMA (purple), and 200 EMA (blue) are sloping downward, which supports the bearish trend.

The price is below all three EMAs, which is a further indication of weakness in the market.

Demand Zone:

1. Support Level (Demand): There is a possible demand zone around $0.5191, as shown by the recent low. This is a level where buyers previously entered the market, attempting to halt the downward movement.

2. Possible Bounce Area: If the price reaches around the $0.5190 level again, there could be buying interest. However, a strong break below this level could indicate further downside.

Supply Zone:

1. Resistance Level (Supply): The recent high around $0.6083 represents a supply zone where selling pressure came in, pushing the price downward.

2. EMA Resistance: The 50 EMA around $0.5456 could also act as a dynamic resistance level where sellers might enter the market.

Additional Indicators:

RSI: The RSI is around 41, which indicates that the market is in a bearish to neutral zone. There’s no sign of oversold conditions, so there may be room for more downside.

Volume: The volume has decreased over the recent candles, which might suggest a lack of strong buying interest at current levels.

Conclusion:

The chart shows a strong downtrend, with potential demand around $0.5191 and supply near $0.6083. If the price remains below the EMAs and struggles to move past the resistance, the bearish trend is likely to continue. If you’re looking for a reversal, watch for stronger buying volume or a break above the 50 EMA as a sign of potential bullish momentum.

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Support and Resistance Levels:

1. Resistance Level: The recent peak near 0.5548 appears to be a resistance level since the price has fallen after reaching this point.

2. Support Level: The lowest point shown is around 0.5191, which acts as the support level. If the price tests this level again and holds, it could indicate strong support.

Trend Analysis:

The trend here appears to be bearish overall:

The price is trading below the 50 EMA (pink line) and 200 EMA (blue line), which typically suggests a downtrend.

The RSI (Relative Strength Index) values show mixed signals, with the RSI(6) at 58.6, suggesting slight upward momentum, while the RSI(15) and RSI(25) are lower, indicating weaker momentum.

In summary:

Downtrend is still dominant, as indicated by the price staying below major EMA levels.

Support is around 0.5191; a drop below this could signal further decline.

Resistance near 0.5548 might be tested if there is a trend reversal.

If you’re considering a trade, wait for a clear signal, such as a breakout above the 50 EMA for a possible uptrend or a drop below 0.5191 to confirm continued bearish momentum.