ADA - Quick 4hr chart update
Quick ADA 4hr chart update:
ADA is back in the Bullish Zone of the Ichimoku Cloud.
ADA is above its Volume Point of Control (POC) for this visible range.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chimkou Span) is indicating momentum is sideways with a slight slope downwards but be aware that it is a fast reaction indicator.
The Ichimoku Cloud Leading Span A (Senkou Span A) is moving upwards indicating we may get a Kum1 Twist where the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) creating a new green cloud which indicates bullish confirmation.
The Chaikin Money Flow (CMF) is indicating accumulation has risen with the CMF Line at 0.11.
ADA is in a Schiff Pitchfork Pattern (A,B,C), ADA has attempted to get back above the Schiff Pitchfork Median Line and has found support from the Leading Span B (Senkou Span B) cloud support so we may see another attempt at getting above the Schiff Pitchfork Median Line.
During the last few weeks, ADA has proven to be very resilient and also recovered from the dip way faster then most other cryptos.
I hope this is helpful with your trading and hodl-ing.
ADA is back in the Bullish Zone of the Ichimoku Cloud.
ADA is above its Volume Point of Control (POC) for this visible range.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chimkou Span) is indicating momentum is sideways with a slight slope downwards but be aware that it is a fast reaction indicator.
The Ichimoku Cloud Leading Span A (Senkou Span A) is moving upwards indicating we may get a Kum1 Twist where the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) creating a new green cloud which indicates bullish confirmation.
The Chaikin Money Flow (CMF) is indicating accumulation has risen with the CMF Line at 0.11.
ADA is in a Schiff Pitchfork Pattern (A,B,C), ADA has attempted to get back above the Schiff Pitchfork Median Line and has found support from the Leading Span B (Senkou Span B) cloud support so we may see another attempt at getting above the Schiff Pitchfork Median Line.
During the last few weeks, ADA has proven to be very resilient and also recovered from the dip way faster then most other cryptos.
I hope this is helpful with your trading and hodl-ing.
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