A quick look at the ADA/USD 1 day chart:
ADA is still below its Longterm upwards Pitchfork (Blue A,B,C) Median Line on this 1 day timeframe.
ADA is also below its smaller descending Pitchfork (Black A,B,C) Median Line on this 1 day timeframe.
ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. Note that the Lower Band is till pointing downwards and the Upper Band is now moving downwards.
At the moment of typing this, ADA is trying to get back and stay above its Least Squares Moving Average (LSMA) on this 1 day timeframe.
Note that ADA is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts entire Visible Range. Looking at this range gives us a sense of potential upcoming areas of previous volume interest that may offer good buying opportunities if ADA drops lower.
ADA is also still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 11x Daily Candles that i have Selected.
Looking at the Ichimoku Cloud with the 20,60,120,30 settings:
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-point of the Short-term Momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-point of the Mid-term momentum is also sideways at the moment.
The Ichimoku cloud Lagging Span (Chikou Span) is indicating that momentum is upwards at the moment for this 1 day candle. Note that The Lagging Span (Chikou Span) is still under the Price from 30 Periods ago.
Note that both the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) are moving sideways at the moment indicating a decrease in volatility at the moment.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is strong with the ADX (Orange Line) at 40.249 and above its 9 Period EMA (Black Line) which is at 37.203. Negative momentum is still dominant with the -DI (Red Line) at 29.750 but note it has dropped from 37.0. Positive Momentum has increased slightly with the +DI (Green Line) rising to 10.83.
Looking at the Moving Average Convergence Divergence (MACD), we can see that momentum is sideways with a slight upwards trajectory. Note that the MACD Lien (Blue Line) is still under its Signal Line (Orange Line) and still in the Negative Zone under the 0.0 Base Line on this 1 day timeframe.
Potential areas of previous Volume interest to look out for if you want to go long on ADA if ADA drops further are potentially:
$0.411 to $0.298,
$0.179 - $0.128,
$0.111 - $0.082,
$0.049 - $0.033.
Using the indicators on this chart, for confirmation of a renewed mid to longterm uptrend on this 1 day timeframe, we need to see:
1: ADA to successfully close a daily candle ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA and stay above it.
2: ADA to successfully close a daily candle ABOVE its Least Squares Moving Average (LSMA) and stay above it.
3: ADA to cross back into the Bullish Zone of the Ichimoku Cloud and for the Leading Span A (Senkou Span A) to cross back ABOVE the Leading Span B (Senkou Span B) creating a Kumo (Cloud) Twist creating a new Bullish Green Cloud for this 1 day timeframe.
4: The Ichimoku Cloud Lagging Span (Chikou Span) to cross back ABOVE the Price from 30 Periods ago and stay above the price below it.
5: The +DI (Green Line) to cross back ABOVE the -DI (Red Line) on the Average Directional Index (ADX DI)
6: the MACD Line (Blue Line to cross back ABOVE its Signal Line (Orange Line) and back ABOVE the 0.0 Base Line into the Positive Zone on this 1 day timeframe.
7: ADA to cross back ABOVE both Pitchfork Median Lines especially the Longterm upwards Pitchfork (Blue A,B,C).
Apologies for the lack of posting, i have been busy filming a new feature film. I'm sure there's more things i could post and I've probably missed a few things but this hopefully gives people enough for to ponder.
I hope this is helpful with your trading and hodl-ing.
ADA is still below its Longterm upwards Pitchfork (Blue A,B,C) Median Line on this 1 day timeframe.
ADA is also below its smaller descending Pitchfork (Black A,B,C) Median Line on this 1 day timeframe.
ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. Note that the Lower Band is till pointing downwards and the Upper Band is now moving downwards.
At the moment of typing this, ADA is trying to get back and stay above its Least Squares Moving Average (LSMA) on this 1 day timeframe.
Note that ADA is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts entire Visible Range. Looking at this range gives us a sense of potential upcoming areas of previous volume interest that may offer good buying opportunities if ADA drops lower.
ADA is also still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 11x Daily Candles that i have Selected.
Looking at the Ichimoku Cloud with the 20,60,120,30 settings:
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-point of the Short-term Momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-point of the Mid-term momentum is also sideways at the moment.
The Ichimoku cloud Lagging Span (Chikou Span) is indicating that momentum is upwards at the moment for this 1 day candle. Note that The Lagging Span (Chikou Span) is still under the Price from 30 Periods ago.
Note that both the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) are moving sideways at the moment indicating a decrease in volatility at the moment.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is strong with the ADX (Orange Line) at 40.249 and above its 9 Period EMA (Black Line) which is at 37.203. Negative momentum is still dominant with the -DI (Red Line) at 29.750 but note it has dropped from 37.0. Positive Momentum has increased slightly with the +DI (Green Line) rising to 10.83.
Looking at the Moving Average Convergence Divergence (MACD), we can see that momentum is sideways with a slight upwards trajectory. Note that the MACD Lien (Blue Line) is still under its Signal Line (Orange Line) and still in the Negative Zone under the 0.0 Base Line on this 1 day timeframe.
Potential areas of previous Volume interest to look out for if you want to go long on ADA if ADA drops further are potentially:
$0.411 to $0.298,
$0.179 - $0.128,
$0.111 - $0.082,
$0.049 - $0.033.
Using the indicators on this chart, for confirmation of a renewed mid to longterm uptrend on this 1 day timeframe, we need to see:
1: ADA to successfully close a daily candle ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA and stay above it.
2: ADA to successfully close a daily candle ABOVE its Least Squares Moving Average (LSMA) and stay above it.
3: ADA to cross back into the Bullish Zone of the Ichimoku Cloud and for the Leading Span A (Senkou Span A) to cross back ABOVE the Leading Span B (Senkou Span B) creating a Kumo (Cloud) Twist creating a new Bullish Green Cloud for this 1 day timeframe.
4: The Ichimoku Cloud Lagging Span (Chikou Span) to cross back ABOVE the Price from 30 Periods ago and stay above the price below it.
5: The +DI (Green Line) to cross back ABOVE the -DI (Red Line) on the Average Directional Index (ADX DI)
6: the MACD Line (Blue Line to cross back ABOVE its Signal Line (Orange Line) and back ABOVE the 0.0 Base Line into the Positive Zone on this 1 day timeframe.
7: ADA to cross back ABOVE both Pitchfork Median Lines especially the Longterm upwards Pitchfork (Blue A,B,C).
Apologies for the lack of posting, i have been busy filming a new feature film. I'm sure there's more things i could post and I've probably missed a few things but this hopefully gives people enough for to ponder.
I hope this is helpful with your trading and hodl-ing.