Here is my first video analysis looking at the daily, and new 2D through 4D charts in light of the rally yesterday. My apologies if it's a bit rambling. It ran much longer than I expected.
Summary is as follows
Intraday
Mostly sideways movement with a bias to the upside. Likely centered around the 1.25 level. A spike to 1.30 or a bit above possible.
Multi-day (2D to 5D)
Likely continuing in the channel sideways with an upward bias. Spike to test the 1.47 resistance line possible, but more likely to be under the 1.34 fib.
Possible indications of a trend reversal, but no clear indication of a breakout upside yet. Must wait for stronger signal and confirmation.
Weekly
Continued sideways with small bias towards the upside. White EMA still well below 50 showing continued downward momentum while other indicators continue to descend while still above 50.
Buying zones would be 1.11 or lower unless reversal/break to the upside is confirmed.
Otherwise, it's more waiting. Good luck and good fortune!
Summary is as follows
Intraday
Mostly sideways movement with a bias to the upside. Likely centered around the 1.25 level. A spike to 1.30 or a bit above possible.
Multi-day (2D to 5D)
Likely continuing in the channel sideways with an upward bias. Spike to test the 1.47 resistance line possible, but more likely to be under the 1.34 fib.
Possible indications of a trend reversal, but no clear indication of a breakout upside yet. Must wait for stronger signal and confirmation.
Weekly
Continued sideways with small bias towards the upside. White EMA still well below 50 showing continued downward momentum while other indicators continue to descend while still above 50.
Buying zones would be 1.11 or lower unless reversal/break to the upside is confirmed.
Otherwise, it's more waiting. Good luck and good fortune!
Comment:
Just a point of clarification that the sideways action in the rest of the current daily has a downward bias, which you might have guessed from the charts/prices. It currently appears unlikely to descend to 1.11, but another drop near 1.15 is possible, as is a minor rally above 1.20
I will explore more in the next daily update, but for the rest of the day ADA looks to be moving sideways in the 1.20 region. In the multi-day, hints of upward momentum are largely gone now and indicators have become largely indifferent.