ADA - Ascending Triangle
Updated
ADA 4hr Chart update:
ADA is in the Ichimoku Cloud Equilibrium Zone for this 4hr timeframe.
ADA has found some resistance from its Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. ADA needs to cross over turn this level into strong support for this 4hr timeframe.
ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA needs to turn this level into strong support.
ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
ADA is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected.
Note that Volume is low for this 4hr period and the Volume Bar is below its Volume 20 Period Moving Average.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still above the price from 30 Periods ago.
ADA is in an Ascending Triangle Pattern (Dashed Line). If any potential breakout happens to the positive side then we need that breakout to be on strong volume and the Triangle resistance turned into support.
The Moving Average Convergence Divergence MACD is indicating that the MACD Line (Blue Line) has crossed back under the Signal Line (Orange Line) which is a potential sell signal and has created a new red histogram. Note that the MACD Line is still in the positive zone above 0.0.
The Chaikin Money Flow (CMF) is showing that accumulation has dropped to 0.03 and note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which is at 0.09. Note that the CMF is still in the Accumulation Zone.
If the Bollinger Bands Middle Band Basis and Conversion Line (Tenkan Sen) cannot be turned into support then we may see another drop for ADA to the Ascending Triangle Upwards Trend-Line (Upwards Dashed Line), in which case there should be some good opportunities to acquire more ADA at slightly lower price if you are Dollar Cost Averaging (DCA). If you are waiting for full bullish confirmation on this 4hr timeframe to buy more ADA, a good sign will be when the Leading Span A (Senkou Span A) crosses back over the Leading Span B (Senkou Span B) creating a Cloud (Kumo) Twist into a new Green Bullish Cloud.
I hope this is helpful with your Trading and Hodl-ing.
ADA is in the Ichimoku Cloud Equilibrium Zone for this 4hr timeframe.
ADA has found some resistance from its Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. ADA needs to cross over turn this level into strong support for this 4hr timeframe.
ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA needs to turn this level into strong support.
ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
ADA is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected.
Note that Volume is low for this 4hr period and the Volume Bar is below its Volume 20 Period Moving Average.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still above the price from 30 Periods ago.
ADA is in an Ascending Triangle Pattern (Dashed Line). If any potential breakout happens to the positive side then we need that breakout to be on strong volume and the Triangle resistance turned into support.
The Moving Average Convergence Divergence MACD is indicating that the MACD Line (Blue Line) has crossed back under the Signal Line (Orange Line) which is a potential sell signal and has created a new red histogram. Note that the MACD Line is still in the positive zone above 0.0.
The Chaikin Money Flow (CMF) is showing that accumulation has dropped to 0.03 and note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which is at 0.09. Note that the CMF is still in the Accumulation Zone.
If the Bollinger Bands Middle Band Basis and Conversion Line (Tenkan Sen) cannot be turned into support then we may see another drop for ADA to the Ascending Triangle Upwards Trend-Line (Upwards Dashed Line), in which case there should be some good opportunities to acquire more ADA at slightly lower price if you are Dollar Cost Averaging (DCA). If you are waiting for full bullish confirmation on this 4hr timeframe to buy more ADA, a good sign will be when the Leading Span A (Senkou Span A) crosses back over the Leading Span B (Senkou Span B) creating a Cloud (Kumo) Twist into a new Green Bullish Cloud.
I hope this is helpful with your Trading and Hodl-ing.
Note
2 indicator signals that are helpful to look out for are: 1: The CMF (Green Line) crossing back above the LSMA Line (Blue Line) for this 4hr timeframe.
2: The MACD (Blue Line) crossing back above the Signal Line (Orange Line) creating strong green histograms that are increasing in positive size for this 4hr timeframe.
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