Technical analysis by NKE_TheAn0maly about Symbol ADA: Buy recommendation (10/7/2025)

The cryptocurrency ADA appears to be setting up for a long position. My supportive reasoning for going long on this trade is the Trend Channel is long on the 1week and the nearest SL is below the EMA 1week while the candles are above it. The Market sentiment recently went back up to risk on but it is still in a close enough position to turn risk off with the flip of a switch so I am being mindful of that. All in All the market has appeared to want to enter into that greed phase for a while now and Cardano has been taking advantage of that sentiment. For now we will just have to wait and see. Until Next Time. Prosperous Trading and God Bless