ADA - Should be an interesting week with the Africa Conference
ADA Ichimoku Cloud update:
ADA has just dropped in the Equilibrium Zone of the Ichimoku Cloud on the daily chart .
ADA had found support from its Ichimoku Cloud Leading Span A (Senkou Span A) cloud support but has just dropped under it.
ADA is below its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen).
The Ichimoku Cloud Lagging Span (Chikou Span) is under the price from 30 Periods and momentum is downwards.
The Chaikin Money Flow (CMF) is indicating that ADA is still in the accumulation zone with the CMF (Green Line) at 0.06.
The Moving Average Convergence Divergence (MACD) is indicating downwards momentum and the MACD Line (Blue Line) has crossed below he Base line at 0.0. We need the MACD Line to cross back over the Base Line at 0.0 and to cross back over the Signal Line (Orange Line)
The idiot announcement from Biden scared American investors to cash out, they obviously didn’t realise that it was a proposal and the senate needs to vote YES on it. This has enabled bears to take some control but its not the end of the bull-market and when the dust settles, the bull market will resume.
This week will be an interesting one for ADA. ADA has the Africa Conference on the 29th April, promising big news of Cardano’s deals and projects not just in Ethiopia, but the whole of the Africa Continent. Yes downwards pressure is pushing the whole crypto market down at the moment, but i have now doubt ADA and many other cryptos have a really bright future and will soon shoot back up, think longterm and don’t get shaken out at a loss.
I hope this is helpful with your trading and hodl-ing 👍
On a side rant:
What i do find quite funny is that BTC is paired with most if not all cryptos, so technically speaking, if the price of BTC goes down, then shouldn’t the price of ALTS go up? Isn’t that how it works with currencies?? This doesn’t seem to be the case with crypto 🤷♂️. So either exchanges are manipulating the price of all cryptos so BTC always stays on top even when going down, maybe because they’ve built there exchanges around BTC like Binance or maybe there is just a co-ordinated sell off and selling pressure, or maybe I’m just talking b*llox 😅.
ADA has just dropped in the Equilibrium Zone of the Ichimoku Cloud on the daily chart .
ADA had found support from its Ichimoku Cloud Leading Span A (Senkou Span A) cloud support but has just dropped under it.
ADA is below its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen).
The Ichimoku Cloud Lagging Span (Chikou Span) is under the price from 30 Periods and momentum is downwards.
The Chaikin Money Flow (CMF) is indicating that ADA is still in the accumulation zone with the CMF (Green Line) at 0.06.
The Moving Average Convergence Divergence (MACD) is indicating downwards momentum and the MACD Line (Blue Line) has crossed below he Base line at 0.0. We need the MACD Line to cross back over the Base Line at 0.0 and to cross back over the Signal Line (Orange Line)
The idiot announcement from Biden scared American investors to cash out, they obviously didn’t realise that it was a proposal and the senate needs to vote YES on it. This has enabled bears to take some control but its not the end of the bull-market and when the dust settles, the bull market will resume.
This week will be an interesting one for ADA. ADA has the Africa Conference on the 29th April, promising big news of Cardano’s deals and projects not just in Ethiopia, but the whole of the Africa Continent. Yes downwards pressure is pushing the whole crypto market down at the moment, but i have now doubt ADA and many other cryptos have a really bright future and will soon shoot back up, think longterm and don’t get shaken out at a loss.
I hope this is helpful with your trading and hodl-ing 👍
On a side rant:
What i do find quite funny is that BTC is paired with most if not all cryptos, so technically speaking, if the price of BTC goes down, then shouldn’t the price of ALTS go up? Isn’t that how it works with currencies?? This doesn’t seem to be the case with crypto 🤷♂️. So either exchanges are manipulating the price of all cryptos so BTC always stays on top even when going down, maybe because they’ve built there exchanges around BTC like Binance or maybe there is just a co-ordinated sell off and selling pressure, or maybe I’m just talking b*llox 😅.
Comment:
Absolutely amazing! After that last min drop yesterday, ADA still managed to close a Daily Candle ABOVE its Ichimoku Cloud Leading Span A (Senkou Span A) cloud support and is now back in the Bullish Zone of the Ichimoku Cloud! 👍
