CardanoLong
ADA - Quick Update
Quick ADA Update:
ADA had found a bit of Resistance at its 78.6% Fibonacci Retracement Level but at the moment of typing this, is now above it 👍. ADA needs to close this daily candle above its 78.6% Fibonacci Retracement Level.
ADA is safely above its 50EMA
ADA is safely above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
ADA is above its Pitchfork Median Line from points A,B,C.
The ADX DI SMA is indicating Momentum is positive with the +DI (Green Line) at 19.2 and back above its -DI (Red Line) which is at 16.8 indicating positive momentum. The ADX (Yellow Line) at 13.7 but still below its 10 Period SMA (White Line) which is at 20.1. The SMA is moving downwards so we could see the ADX cross back over & above the SMA.
The RSI is indicating a sharp upwards momentum with the RSI also back above its 9 Period EMA.
Volume is also increasing.
ADA looks like it could be ready to attack it’s previous all time high. It should be a very interesting evening 👍
I hope this is helpful with your Trading & Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
ADA had found a bit of Resistance at its 78.6% Fibonacci Retracement Level but at the moment of typing this, is now above it 👍. ADA needs to close this daily candle above its 78.6% Fibonacci Retracement Level.
ADA is safely above its 50EMA
ADA is safely above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
ADA is above its Pitchfork Median Line from points A,B,C.
The ADX DI SMA is indicating Momentum is positive with the +DI (Green Line) at 19.2 and back above its -DI (Red Line) which is at 16.8 indicating positive momentum. The ADX (Yellow Line) at 13.7 but still below its 10 Period SMA (White Line) which is at 20.1. The SMA is moving downwards so we could see the ADX cross back over & above the SMA.
The RSI is indicating a sharp upwards momentum with the RSI also back above its 9 Period EMA.
Volume is also increasing.
ADA looks like it could be ready to attack it’s previous all time high. It should be a very interesting evening 👍
I hope this is helpful with your Trading & Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
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