ADA - quick daily chart update:
ADA is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
ADA is back above its 50EMA.
ADA is back above its 50% Fibonacci Retracement level.
I haven’t added these onto this chart but FYI, ADA is above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen). The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
ADA has found some resistance from its 61.8% Fibonacci Retracement Level. ADA needs to close a daily candle above this level.
The Chaikin Money Flow (CMF) is indicating Accumulation has increased with the CMF (Green Line) at 0.14.
The Moving Average Conversion Divergence (MACD) is indicating that the MACD Line (Blue Line) might soon cross back over its basis at 0.0, when this happens, it indicates that a 12 period EMA on the price chart has crossed back over a 26 Period EMA on the Price chart, which is a good thing. We may also get a buy signal with the MACD Line crossing back over the Signal Line (Orange Line). Notice how the last 2 Red Histograms have got smaller and less red. Crossing back over the 0.0 Basis will start a new green histogram.
To put things in perspective, very soon, over 5 Million students in Ethiopia will start using the Cardano Blockchain, The most popular dApp on Ethereum according to dap-radar.com has about 617,000 users. Many people have called Cardano a scam, when all the hate and bullsh*t fades away, people will eventually start to realise just how big this Ethiopia Educational deal, as well as the other various other Africa Deals that Cardano has in the pipeline including the Ask Doctor App, are absolutely huge! Cardano is now the most LEGIT blockchain out there, with actual use cases on a Government & GLOBAL SCALE. The longterm future of Cardano ADA is very bright indeed……. And my beloved VeChain VET of course 😜👍
I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
ADA is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
ADA is back above its 50EMA.
ADA is back above its 50% Fibonacci Retracement level.
I haven’t added these onto this chart but FYI, ADA is above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen). The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
ADA has found some resistance from its 61.8% Fibonacci Retracement Level. ADA needs to close a daily candle above this level.
The Chaikin Money Flow (CMF) is indicating Accumulation has increased with the CMF (Green Line) at 0.14.
The Moving Average Conversion Divergence (MACD) is indicating that the MACD Line (Blue Line) might soon cross back over its basis at 0.0, when this happens, it indicates that a 12 period EMA on the price chart has crossed back over a 26 Period EMA on the Price chart, which is a good thing. We may also get a buy signal with the MACD Line crossing back over the Signal Line (Orange Line). Notice how the last 2 Red Histograms have got smaller and less red. Crossing back over the 0.0 Basis will start a new green histogram.
To put things in perspective, very soon, over 5 Million students in Ethiopia will start using the Cardano Blockchain, The most popular dApp on Ethereum according to dap-radar.com has about 617,000 users. Many people have called Cardano a scam, when all the hate and bullsh*t fades away, people will eventually start to realise just how big this Ethiopia Educational deal, as well as the other various other Africa Deals that Cardano has in the pipeline including the Ask Doctor App, are absolutely huge! Cardano is now the most LEGIT blockchain out there, with actual use cases on a Government & GLOBAL SCALE. The longterm future of Cardano ADA is very bright indeed……. And my beloved VeChain VET of course 😜👍
I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽