Serhii_Bond

ADA.X in downward trend: 10-day moving average

Short
BINANCE:ADAUSDT   Cardano / TetherUS
ADA.X in downward trend: 10-day moving average broke below 50-day moving average on January 14, 2024
The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 71%.

Price Prediction Chart
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 46 of 87 cases where ADA.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 53%.

ADA.X moved below its 50-day moving average on January 14, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.

The Aroon Indicator for ADA.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ADAUSDT

Robot factory Trading Results for last 12 months
ADA.X
AI Robots (Signals Only)
AI Robot's Name P/L
Swing Trader Crypto: ALGO, IOST, LINK, QTUM, NEO (TA) 41.38%
Swing Trader: Crypto Pattern Trading at Trend Reversal Points (TA) 14.74%
Day Trader with Trailing Stops, Cryptos 7 (TA) 11.48%

Market Cap
The average market capitalization across the group is 18.21B. The market cap for tickers in the group ranges from 18.21B to 18.21B. ADA.X holds the highest valuation in this group at 18.21B. The lowest valued company is ADA.X at 18.21B.
High and low price notable news
The average weekly price growth across all stocks in the group was 6%. For the same group, the average monthly price growth was -8%, and the average quarterly price growth was 76%. ADA.X experienced the highest price growth at 6%, while ADA.X experienced the biggest fall at 6%.
Volume
The average weekly volume growth across all stocks in the group was 15%. For the same stocks of the group, the average monthly volume growth was -63% and the average quarterly volume growth was 156%

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.