A Quick ADA Daily Chart:
ADA is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
ADA is above its 50EMA.
ADA is above its Ichimoku Cloud Conversion Line (Tenkan Sen).
ADA is above its Ichimoku Cloud Base Line (Kijun Sen).
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
ADA is above its Volume Point of Control (POC) for this visible range.
Now to the juicy stuff, the point of this post is to show that ADA has shown real strength during the recent crypto drop. If you scan from the left to right of the chart, you will see that ADA DID NOT CLOSE A DAILY CANDLE in either the Equilibrium Zone or the Bearish Zone. ADA was the only crypto in my portfolio that managed to stay in the Bullish Zone of the Ichimoku Cloud using the 20,60,120,30 crypto settings. This is a real sign of strength for ADA and shows that ADA has the possibility to recover fast when BTC & the crypto whales drag the crypto market downwards.
Just so that sinks in, i’ll say it again, ADA closed every daily candle during the recent crypto drop above the Leading Span A (Senkou Span A) cloud support and in the BULLISH ZONE of the Ichimoku Cloud…… Truly amazing! The future really looks bright for ADA.
I hope this quick daily chart post is helpful with your Trading and Hodl-ing.
ADA is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
ADA is above its 50EMA.
ADA is above its Ichimoku Cloud Conversion Line (Tenkan Sen).
ADA is above its Ichimoku Cloud Base Line (Kijun Sen).
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
ADA is above its Volume Point of Control (POC) for this visible range.
Now to the juicy stuff, the point of this post is to show that ADA has shown real strength during the recent crypto drop. If you scan from the left to right of the chart, you will see that ADA DID NOT CLOSE A DAILY CANDLE in either the Equilibrium Zone or the Bearish Zone. ADA was the only crypto in my portfolio that managed to stay in the Bullish Zone of the Ichimoku Cloud using the 20,60,120,30 crypto settings. This is a real sign of strength for ADA and shows that ADA has the possibility to recover fast when BTC & the crypto whales drag the crypto market downwards.
Just so that sinks in, i’ll say it again, ADA closed every daily candle during the recent crypto drop above the Leading Span A (Senkou Span A) cloud support and in the BULLISH ZONE of the Ichimoku Cloud…… Truly amazing! The future really looks bright for ADA.
I hope this quick daily chart post is helpful with your Trading and Hodl-ing.