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ChArtWorks_TechnicalArts
Oct 18, 2019 10:14 AM

Cardano Long Term Trend Long

Cardano / TetherHITBTC

Description

Good morning ladies and gents! Like many other alts, you are currently sitting at critical areas of support with some bullish signals. ADA has been on a long term downtrend, but at critical areas of support, you are showing Hidden Bullish Divergence on the Weekly MACD as well as Bullish Convergence on the RSI. You are also showing lower levels of volume through negative price action on our impulses down.

Their are quite a few alts showing the same variables but with different cases to support a better opportunity for a long position as some of them are seeing near break outs of a down trend or currently at the bottom of a long term up trend they have been in since listing.

Unfortunately, you have not turned teal on the Gaussian Channel which is not as good of a signification as it is for Litecoin as you have had that teal indication!

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