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Cardano / TetherUS
Long

Cardano ADA - 200D SMA Bull Regime Detection

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To view script:
Simple Moving Average with Regime Detection by iGrey.Trading



Understanding the chart
Bullish Regime:
The price is currently above the 200D SMA, indicating a bullish regime and a regime duration of 16 bars.

Strong Momentum:
Large distance from price to both SMAs (119.62% and 141.38%) suggests powerful upward momentum



Historical Price Action
Long Bear Market (2022-2023):
  1. Extended period below 200 SMA
  2. Multiple failed attempts to break above
  3. Declining 200 SMA indicating strong bearish trend



Accumulation Phase (Mid-2023):
  1. Price consolidated around 200 SMA
  2. Reduced volatility
  3. Built base for current move



Recent Breakout:
  1. Clean break above 200D SMA
  2. Sharp increase in volume and momentum
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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.
ADAADAUSDTBTCcardanoMoving AveragesMultiple Time Frame AnalysistradingTrend Analysistrendfollowing
igreycrypto
Also on:

Disclaimer

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.