Technical analysis by tradersboat about Symbol ADA on 8/5/2025

🔍 Analysis: The price action shows a clear change of character (CHOCH) followed by a break of structure (BOS), indicating weakening bearish momentum. The downtrend was consistently rejecting off a descending trendline, but now price is approaching a breakout zone, where multiple liquidity levels and seller stop clusters align. Entry is suggested above the descending trendline breakout, where liquidity sweep + RSI bullish divergence (marked as "Bull") confluence supports the idea of a reversal. A schematic on the right further illustrates a likely path: sweep of sell-side liquidity, accumulation, and a push toward buy-side liquidity. ✅ Ideal Entry: Entry above the marked resistance zone confirms shift in market structure. If price flips that zone into support, it may trigger bullish continuation.Stoploss move to breakeven+9%