If we look at the 1hr chart, at the moment of typing this, ADA is fighting between its Bollinger Bands Midpoint and its 50EMA. If ADA breaks downwards through the 50EMA then we may drop to our Base Line (Kijun Sen) or our 100EMA. If we keep above the 50EMA & above our Bollinger Bands Midpoint, then we may see ADA try to head back over its POC and attempt another break at $0.4 this week. After ADA's rise over the weekend a slight pullback should not be a shock to anyone. This is just a short-term outlook, longterm, ADA is looking absolutely fantastic and we haven't even had the Goguen update or the supposed Coinbase listing. If we do drop lower, i cannot see ADA dropping into the Ichimoku Equilibrium Zone on the 1hr. For me it's looking really promising ADA will be above $1+ by the end of march. I could say sooner, but i don't want to jinx it 😅. Please see the above screenshot for more details of where our support levels are. I hope this is helpful.
Note; My point of doing these charts is not really to say, place a trade here, cash out there, spin around and jump up and down, no. Rather its to show how one can use the charts and various indicators to see what's going on in the market to enable you to make conscious smart decisions yourself when investing your hard earned cash. I hope this is helpful.
Note; My point of doing these charts is not really to say, place a trade here, cash out there, spin around and jump up and down, no. Rather its to show how one can use the charts and various indicators to see what's going on in the market to enable you to make conscious smart decisions yourself when investing your hard earned cash. I hope this is helpful.
Note
I noticed i made a "Leading Span A,B" mistake on the above chart, here is the updated chart 👍Note
Again this is only looking at the the 1hr. I feel something big is going to happen, just look at that cluster of support all at the same level, Conversion Line (Tenkan Sen), Base Line (Kijun Sen) & the Bollinger Bands Midpoint basis all at the same level with the 50 EMA slightly underneath. At the moment, ADA is fighting against its Bollinger Bands Upper Band as Resistance and the Conversion Line (Tenkan Sen), Base Line (Kijun Sen) & the Bollinger Bands Midpoint basis as its massive support. Of note is that the 50EMA on the 1hr has been a major area of support for the last 24hrs. This will be a real test, if the test fails & if the 50EMA fails, ADA will possible go back to its 100EMA on the 1hr. But it's looking very hopeful we'll attempt another break upwards soon because that 50EMA is strong MOFO 😜 and now it's backed up by its cluster of support. I hope this is helpful. Good luckNote
Wow, what a come back, if ADA closes the 1hr candle above the Leading Span A (Senkou Span A) Cloud Resistance and turns it into strong Support then we are back in business. I hope you bought the dip. Good luck
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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.