cliang

cliang Updated 

Well, ADA still hasn't gone up yet, so it seems like it's tracing out a different path from what it did in December 2020. In fact, we're approaching a retest of the channel support trendline, which means it's time to start paying attention to how ADA interacts with the trendline as we move closer to it. We've been trending horizontal at around 1.20 since breaking...

11:53

cliang

A quick followup look at the price of ADA right now and how it compares to the movements in Dec 2020, to which we've been comparing the current set of market conditions. In particular, we see that ADA went on a run once BTC decided to move horizontally in Dec 2020, after a period where BTC went up and ADA consolidated around the 10D and 20D moving averages. We...

17:21

cliang

As stated in the video, we're in a really similar market condition to XMas 2020, even down to the amount of time it took from touching the channel support channel trend line to breaking the 10 and 20 day moving averages (36 hours). As such, combining this with the fact that Bitcoin has held the 50D MA, I'm of the opinion ADA is bullish in the short term. If we...

cliang

As an update to yesterday's longer term analysis of ADA's price in hitting the channel support and 50D MA, I mentioned that we might see a situation where ADA doesn't go straight up, but rather is resisted by the 20D MA for some time. This seems to be playing out. The price is currently in the envelope between the parallel channel support (and the 50D MA) and the...

cliang Updated 

ADA's been trending horizontal for a while now, which corresponds to traversing the parallel channel (on a log graph, so it's exponential) that we've been in since late November. The first (successful) challenge at the longtime ATH of 1.40 USDT on the 27th and 28th of Feb was the last time we were at the top of the channel, and arguably we should have hit the...