Depending on if ADA can stay about its Bollinger Band Midpoint on the daily chart, there may be 3 good opportunities coming up to buy ADA at a lower price, the first is at its Conversion Line (Tenkan Sen), the second is at its Upwards Support Line, and the third is at the Bollinger Bands Lower Band. It doesn't really matter if ADA wicks lower than the upwards support line, it's where we close the daily candle that is more important. For those waiting for more confirmation before placing a Long, be on the lookout for when the ADX (Yellow Line) crosses back over the SMA (White Line) with the +DI (Green Line) above the -DI (Red Line). I hope this is helpful.
Note
* Meant 'stay above its Bollinger Band Midpoint' not about 👍Note
It's official, ADA has ended the month of January with a nice Green Candle. Beautiful 👍
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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.