ADA is safely in the Bullish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards.
The Ichimoku Cloud BaseLine (Kijun Sen) is indicating mid-term momentum is sideways.
ADA is well 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 is safely above is 50EMA.
ADA is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
ADA looks to be potentially walking the Bollinger Bands Upper Band upwards.
The ADX DI is indicating a strong trend with the ADX (Yellow Line) at 30 above its 9 Period EMA which is at 26.5. The +DI (Green Line) is at 21.3 above its -DI (Red Line) which is at 8.1.
The Chaikin Money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) at 0.23.
Next stop….. The Pitchfork Median Line 💪.
We should be prepared for quite a bit of resistance at the Pitchfork Median Line.
Well done to everyone who believed in ADA and have made it this far. Remember we are still very early investors with the future crypto giant, and the future look very bright for Cardano (ADA) 💪.
I hope this is helpful with your trading and hodl-ing 🔥🚀🌍🌔🪐🛸👽
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Chaikin Money Flow (CMF)
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ADX DI
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Note that the Ichimoku Cloud Lagging Span (Chikou Span) is a fast reacting indicator, so it turned sideways on my screenshot, but it is actually now upwards at the moment of typing this. 👍
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The Pitchfork Median Line (White Dashed Line) is getting worried 😜 👍
Very nice and very clear. Amazing TA mate!!!
Thank you so much.
And a question: where do you see ADA at the end of 2021?
And what is your peaking ADA target of this crypto bull run?
entertheroach
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@millcraft, Personally, i still believe ADA will safely be above $12 by December 2021, possibly even much more if ADA turns $10 into strong support 👍. But as is the nature of crypto volatility, that is just my opinion 👍
HHSPN
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@entertheroach, does it need to retrace to confirm new highs'... to catch it below 2's :-).
entertheroach
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@HHSPN, It has already dipped below $2 twice and gone back up. It will drop dip 2 or 3 time more. It also depends if your longterm or short-term 👍
HHSPN
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@entertheroach, Thanks. Long Term. I know I could be penny wise and pound foolish if I wait for those few cents. You too have warned many times. I will DCA.
KG_HP
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@entertheroach, That would be great but what is your evidence to believe ada will see 12$ or more? Your pichfork? Ichimoku?
And what is your opinion about highest price ada may see till end of 2021?
CryptoSignal2
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Altcoins season looks amazing. Special it looks great how ADA bounce quickly from dip and going new ATH.
MahyarDean
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very good chart, I agree that we are in early stage of Cardano growth
FaisalJ12
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What is that price target at the median pitchfork, $2.50 I’m guessing goes in line with psychological barrier of resistance too?
Thank you so much.
And a question: where do you see ADA at the end of 2021?
And what is your peaking ADA target of this crypto bull run?