ADA 1D chart update using the Ichimoku Cloud 20,60,120,30 settings:
The Ichimoku Cloud Lagging Span (Tenkan Sen) is indicating that the mid point of the short-term momentum is upwards.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways.
The Ichmoku Cloud Lagging Span (Chikou Span) is indicating that momentum is upwards at the moment. Note that the lagging Span (Chikou Span) is safely above the Price from 30 Periods ago.
ADA is still safely in the Bullish Zone of the Ichimoku cloud. Note that we have had a Cloud (Kumo) Twist into a new Bullish Green Cloud for this 1D timeframe. For the Ichinoku Cloud System, this Cloud (Kumo) Twist is FULL Bullish Confirmation for this 1D timeframe.
ADA is still above the Bollinger Bands Middle Band Basis 20 Period SMA. After such a big rise, a re-tracement back to the BB Middle Band shouldn’t come as a surprise if it happens. Note that the Lower BB is moving upwards indicating we may see some consolidation or a potential dip to the VPVR POC.
ADA is below its Least Squares Moving Average (LSMA) a close below this level is a potential SELL signal for traders who use this indicator.
ADA is still safely above its 50EMA for this 1D timeframe.
For your viewing pleasure, I have added various potential support zones.
Note that the last 3 daily Volume Bars have closed above its Volume 20 Period Moving Average, we still have a few hours left to see if this daily Volume Bar closes above or below the volume 20 Period Moving Average and whether it closes Positive (Green) or Negative (Red).
Note that ADA is still above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected.
Note that ADA is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
The Average Direction Index (ADX DI) is indicating the trend strength is very strong with the ADX (Orange Line) at 60.16 above its 9 Period EMA (Black Line) which is at 54.99. The +DI (Green Line) has dipped to 29.82 but note that the -DI (Red Line) has also dipped to 4.72, this indicates that while Positive Momentum has dropped, so has Negative Momentum. This is a good thing and indicates that while Positive Momentum weakened, Negative Momentum has also weakened slightly for this 1D timeframe.
If we close this daily candle BELOW the LSMA then we may see a further drop into the 1st potential support zone area and the VPFR POC, alternatively, depending on what BTC does, ADA could consolidate & range sideways within a range above the VPFR POC. If ADA does drop to the Conversion Line (Tenkan Sen) or the Bollinger Bands Middle Band Basis then those could be good levels to acquire more ADA at a cheaper price.
I’m just posting this for the ADA 1D timeframe but you can easily apply these indicators to higher timeframes to enable to to pre-empt any potential upwards or downwards movement on the lower timeframes.
I hope this is helpful with your trading and hodl-ing.
The Ichimoku Cloud Lagging Span (Tenkan Sen) is indicating that the mid point of the short-term momentum is upwards.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways.
The Ichmoku Cloud Lagging Span (Chikou Span) is indicating that momentum is upwards at the moment. Note that the lagging Span (Chikou Span) is safely above the Price from 30 Periods ago.
ADA is still safely in the Bullish Zone of the Ichimoku cloud. Note that we have had a Cloud (Kumo) Twist into a new Bullish Green Cloud for this 1D timeframe. For the Ichinoku Cloud System, this Cloud (Kumo) Twist is FULL Bullish Confirmation for this 1D timeframe.
ADA is still above the Bollinger Bands Middle Band Basis 20 Period SMA. After such a big rise, a re-tracement back to the BB Middle Band shouldn’t come as a surprise if it happens. Note that the Lower BB is moving upwards indicating we may see some consolidation or a potential dip to the VPVR POC.
ADA is below its Least Squares Moving Average (LSMA) a close below this level is a potential SELL signal for traders who use this indicator.
ADA is still safely above its 50EMA for this 1D timeframe.
For your viewing pleasure, I have added various potential support zones.
Note that the last 3 daily Volume Bars have closed above its Volume 20 Period Moving Average, we still have a few hours left to see if this daily Volume Bar closes above or below the volume 20 Period Moving Average and whether it closes Positive (Green) or Negative (Red).
Note that ADA is still above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected.
Note that ADA is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
The Average Direction Index (ADX DI) is indicating the trend strength is very strong with the ADX (Orange Line) at 60.16 above its 9 Period EMA (Black Line) which is at 54.99. The +DI (Green Line) has dipped to 29.82 but note that the -DI (Red Line) has also dipped to 4.72, this indicates that while Positive Momentum has dropped, so has Negative Momentum. This is a good thing and indicates that while Positive Momentum weakened, Negative Momentum has also weakened slightly for this 1D timeframe.
If we close this daily candle BELOW the LSMA then we may see a further drop into the 1st potential support zone area and the VPFR POC, alternatively, depending on what BTC does, ADA could consolidate & range sideways within a range above the VPFR POC. If ADA does drop to the Conversion Line (Tenkan Sen) or the Bollinger Bands Middle Band Basis then those could be good levels to acquire more ADA at a cheaper price.
I’m just posting this for the ADA 1D timeframe but you can easily apply these indicators to higher timeframes to enable to to pre-empt any potential upwards or downwards movement on the lower timeframes.
I hope this is helpful with your trading and hodl-ing.