ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that we have had expansion of the Lower Bollinger Band.
ADA is below its Least Squares Moving Average (LSMA) fo this 1D timeframe. Note that ADA has also found some resistance at this level.
ADA is still ranging sideways within a support/resistance area.
Using the 20,60,120,30 settings note that ADA is still in the Bullish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short term momentum is sideways at the moment. Note that ADA is below this level.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid-point of the mid-term momentum is sideways at the moment,
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that The Lagging Span (Chikou Span) is inside the price from 30 periods ago indicating uncertainty at the moment.
Volume is still relatively low on this 1D timeframe, note that the last 5 daily Volume Bars have been under its Volume 20 Period MA.
The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 32.86 below its 9 Period EMA (Black Line) which is at 39.50. The -DI (Red Line) has increased slightly to 19.00 and the +DI (Green Line) has dropped to 13.78. This indicates that Negative Momentum is still stronger than Positive Momentum on this 1D timeframe.
The Moving Average Convergence Divergence (MACD) is one to keep an eye on. Note that the MACD Line (Blue Line) is still below its Signal Line (Orange Line). If the MACD Line (Blue Line) drops below the 0.0 Base Line then we may see a big drop in price on this 1D timeframe. Note that the Red Histogram has been decreasing in size so a drop is not set in stone yet.
So what is all this telling me………… at the moment there is uncertainty in the air for ADA, if the MACD Line (Blue Line) crosses under the 0.0 base line then we may possibly see a big drop as that may also bring the Lagging Span (Chikou Span) under the price from 30 Period ago, if this happens then the price may drop the price under its support/resistance zone turning that area into resistance. If there is a drop, ADA will possible drop as far as its Ichimoku cloud Base Line (Kijun Sen) level or Leading Span A (Senkou Span A) support levels..
So the MACD Line (Blue Line), Ichimoku Cloud Lagging Span (Chikou Span) and the upper Support/Resistance area are crucial to watch on this 1D timeframe as there may be opportunities to acquire ADA at a cheaper price.
I hope this is helpful with your Trading and Hodl-ing.
ADA is below its Least Squares Moving Average (LSMA) fo this 1D timeframe. Note that ADA has also found some resistance at this level.
ADA is still ranging sideways within a support/resistance area.
Using the 20,60,120,30 settings note that ADA is still in the Bullish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short term momentum is sideways at the moment. Note that ADA is below this level.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid-point of the mid-term momentum is sideways at the moment,
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that The Lagging Span (Chikou Span) is inside the price from 30 periods ago indicating uncertainty at the moment.
Volume is still relatively low on this 1D timeframe, note that the last 5 daily Volume Bars have been under its Volume 20 Period MA.
The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 32.86 below its 9 Period EMA (Black Line) which is at 39.50. The -DI (Red Line) has increased slightly to 19.00 and the +DI (Green Line) has dropped to 13.78. This indicates that Negative Momentum is still stronger than Positive Momentum on this 1D timeframe.
The Moving Average Convergence Divergence (MACD) is one to keep an eye on. Note that the MACD Line (Blue Line) is still below its Signal Line (Orange Line). If the MACD Line (Blue Line) drops below the 0.0 Base Line then we may see a big drop in price on this 1D timeframe. Note that the Red Histogram has been decreasing in size so a drop is not set in stone yet.
So what is all this telling me………… at the moment there is uncertainty in the air for ADA, if the MACD Line (Blue Line) crosses under the 0.0 base line then we may possibly see a big drop as that may also bring the Lagging Span (Chikou Span) under the price from 30 Period ago, if this happens then the price may drop the price under its support/resistance zone turning that area into resistance. If there is a drop, ADA will possible drop as far as its Ichimoku cloud Base Line (Kijun Sen) level or Leading Span A (Senkou Span A) support levels..
So the MACD Line (Blue Line), Ichimoku Cloud Lagging Span (Chikou Span) and the upper Support/Resistance area are crucial to watch on this 1D timeframe as there may be opportunities to acquire ADA at a cheaper price.
I hope this is helpful with your Trading and Hodl-ing.