ADA is trying to close a daily candle back above its Falling Wedge Pattern. If ADA manages to close today's candle above the Falling Wedge Pattern then its next resistance will be found at around the $1.415 - $1.451 resistance area.
ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe and has successfully re-tested it as support. Note that the Upper and lower bands have a lot of room to expand before becoming over extended on this 1d timeframe.
Note that ADA is still above its Least Squares Moving Average (LSMA) on this 1d timframe.
Note that ADA is still deep in the Bearish Zone of the Ichimoku Cloud and has a long way to go before it attempts to enter the Equilibrium Zone and then back into the Bullish Zone on this 1d timeframe.
Note that ADA is above its VPFR POC for the fixed range of 7x Daily Candles that i have selected.
Note that ADA still has a long way to go before it closes above its VPVR POC for this charts Visible Range.
Note that Volume is still low on this Binance Chart but yesterdays Volume Bar did close slightly above its Volume 20 Period MA.
Looking at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line (Blue Line) is indicating momentum is upwards at the moment and note that it has been above the Signal Line (Orange Line) since the 15th Dec. The MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line so be on the when the MACD Line (Blue Line) crosses back above the 0.0 Base Line into the Positive Zone on this 1d timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone sine 17th Sept 2021 on this 1d timeframe.
Be on the lookout for any successful re-test as support of the Upper Descending Trend-line of the Falling Wedge Pattern.
I hope this is helpful with your trading and hodl-ing.
ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe and has successfully re-tested it as support. Note that the Upper and lower bands have a lot of room to expand before becoming over extended on this 1d timeframe.
Note that ADA is still above its Least Squares Moving Average (LSMA) on this 1d timframe.
Note that ADA is still deep in the Bearish Zone of the Ichimoku Cloud and has a long way to go before it attempts to enter the Equilibrium Zone and then back into the Bullish Zone on this 1d timeframe.
Note that ADA is above its VPFR POC for the fixed range of 7x Daily Candles that i have selected.
Note that ADA still has a long way to go before it closes above its VPVR POC for this charts Visible Range.
Note that Volume is still low on this Binance Chart but yesterdays Volume Bar did close slightly above its Volume 20 Period MA.
Looking at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line (Blue Line) is indicating momentum is upwards at the moment and note that it has been above the Signal Line (Orange Line) since the 15th Dec. The MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line so be on the when the MACD Line (Blue Line) crosses back above the 0.0 Base Line into the Positive Zone on this 1d timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone sine 17th Sept 2021 on this 1d timeframe.
Be on the lookout for any successful re-test as support of the Upper Descending Trend-line of the Falling Wedge Pattern.
I hope this is helpful with your trading and hodl-ing.
Comment:
Note that ADA has successfully broken above and more importantly successfully closed above the Falling Wedge Pattern. We have also had a successful close above the Upper Resistance Area and we are now testing it as Support on this 1d timeframe. Ideally we need today's daily candle 'Friday 24th' to CLOSE above this level. It's uncertain at the moment but do not be surprised if the Candle WICKS down after such a big move. Remember that the important thing is where & how the Candle Closes.