ADAUSDT: time for a reversal!
The price has been falling for a while. Cryptocurrencies always fluctuate, we should take advantage of that. So, we should be prepared for any signals.
The Bollinger Bands shrunk since the price started to fall. As we can see, there were not too many waves during the falling, however, it cannot explain why the Bollinger Bands shrunk. For me, it warns me to keep my eyes on any potential breakout.
So, let’s see what do we have for now.
The volume increased a little, and we can see, there was a small breakout through the lower band. So, the price could bounce back towards the middle line.
The MACD just made a bullish cross, which is a bullish signal. The RSI just recovered from the bottom and is moving up now.
Let’s expect the price to go up
The Bollinger Bands shrunk since the price started to fall. As we can see, there were not too many waves during the falling, however, it cannot explain why the Bollinger Bands shrunk. For me, it warns me to keep my eyes on any potential breakout.
So, let’s see what do we have for now.
The volume increased a little, and we can see, there was a small breakout through the lower band. So, the price could bounce back towards the middle line.
The MACD just made a bullish cross, which is a bullish signal. The RSI just recovered from the bottom and is moving up now.
Let’s expect the price to go up
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.