Cardano做多
ADA Update = Sideways
ADA UPDATE:
If we look at the daily chart, you can see that ADA is still ranging sideways.
Worthy of note is that ADA is still in the Bullish Zone of the Ichimoku Cloud indicator.
ADA is still in a Bollinger Band Squeeze. ADA is also above its Bollinger Bands Middle Band Basis which is a period 20SMA. Note that the BB Middle Band is curving slightly upwards.
RSI is indicating Moment is Sideways.
ADX DI SMA is indicating the trend is still relatively strong with the ADX (Yellow Line) at 23.3 but below its 10 Period SMA (Black Line) which is at 25.2. We need the ADX to cross back over the 10 Period SMA for renewed upwards strength. The +DI (Green Line) is at 17.0 and above the -DI (Red Line) which is at 9.5 indicating positive momentum is still strong.
ADA is above its Volume Point of Control (POC). We need to close this daily candle above the POC.
Overall Volume is still very low.
ADA is still finding support from its lower Yellow Pitchfork Support Line.
ADA is Below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Lagging Span (Chinkou Span) is starting to break upwards from the Price from 30 Periods ago indicating we may see renewed upwards momentum.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is confirming that the Short-term momentum is sideways. We need to eventually close a daily candle above the Conversion Line (Tenkan Sen).
For those worried about this period of consolidation, don’t worry!. If you look at this daily chart, ADA has quite a bit of support below it, from its Ichimoku Cloud Base Line (Kijun Sen), Leading Span A & B (Senkou Span A & B) levels, It’s Pitchfork Support Lines as well as its 50EMA, 100EMA & 200EMA levels.
Bollinger Bands Squeezes usually end with a massive breakout which can be in either direction. I still believe it will be another breakout to the upside as we have seen 3 times before because remember that ADA is still in a longterm uptrend for this timeframe and that won’t change unless ADA drops and closes daily+ candles into the Bearish Zone of the Ichimoku Clouds on the 1 Day, 2 Day, 3 Day, 12 Day charts ect ect which i seriously doubt we’ll see anytime soon. Hypothetically speaking, if ADA dropped to $0.8 on the 3 Day chart, it would still be considered a longterm uptrend but i seriously doubt we’ll see those levels again.
The same thing will happen again once ADA breaks out to another new ATH, many people will buy at that new top, ADA will then range sideways again and people will start screaming “shit-coin” again. Consolidation is a good thing as it brings everything into equilibrium that enables a new higher launchpad to be built that will enable a new higher level to be reached.
I hope you find my post informative & helpful with your trading or hodl-ing 🔥🚀🌍🌔🛸👽
If we look at the daily chart, you can see that ADA is still ranging sideways.
Worthy of note is that ADA is still in the Bullish Zone of the Ichimoku Cloud indicator.
ADA is still in a Bollinger Band Squeeze. ADA is also above its Bollinger Bands Middle Band Basis which is a period 20SMA. Note that the BB Middle Band is curving slightly upwards.
RSI is indicating Moment is Sideways.
ADX DI SMA is indicating the trend is still relatively strong with the ADX (Yellow Line) at 23.3 but below its 10 Period SMA (Black Line) which is at 25.2. We need the ADX to cross back over the 10 Period SMA for renewed upwards strength. The +DI (Green Line) is at 17.0 and above the -DI (Red Line) which is at 9.5 indicating positive momentum is still strong.
ADA is above its Volume Point of Control (POC). We need to close this daily candle above the POC.
Overall Volume is still very low.
ADA is still finding support from its lower Yellow Pitchfork Support Line.
ADA is Below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Lagging Span (Chinkou Span) is starting to break upwards from the Price from 30 Periods ago indicating we may see renewed upwards momentum.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is confirming that the Short-term momentum is sideways. We need to eventually close a daily candle above the Conversion Line (Tenkan Sen).
For those worried about this period of consolidation, don’t worry!. If you look at this daily chart, ADA has quite a bit of support below it, from its Ichimoku Cloud Base Line (Kijun Sen), Leading Span A & B (Senkou Span A & B) levels, It’s Pitchfork Support Lines as well as its 50EMA, 100EMA & 200EMA levels.
Bollinger Bands Squeezes usually end with a massive breakout which can be in either direction. I still believe it will be another breakout to the upside as we have seen 3 times before because remember that ADA is still in a longterm uptrend for this timeframe and that won’t change unless ADA drops and closes daily+ candles into the Bearish Zone of the Ichimoku Clouds on the 1 Day, 2 Day, 3 Day, 12 Day charts ect ect which i seriously doubt we’ll see anytime soon. Hypothetically speaking, if ADA dropped to $0.8 on the 3 Day chart, it would still be considered a longterm uptrend but i seriously doubt we’ll see those levels again.
The same thing will happen again once ADA breaks out to another new ATH, many people will buy at that new top, ADA will then range sideways again and people will start screaming “shit-coin” again. Consolidation is a good thing as it brings everything into equilibrium that enables a new higher launchpad to be built that will enable a new higher level to be reached.
I hope you find my post informative & helpful with your trading or hodl-ing 🔥🚀🌍🌔🛸👽
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