CARDANO
- RSI @ 31.8, signaling ADA is oversold.
- MACD recently failed an attempt to cross and has since been following a downward trend. MACD may attempt to cross again, but it all depends on BTC right now.
- Bollinger Bands have been narrow for some time, signaling a trend has formed and will continue for some time. Bollinger Bands seem to be in the first stages of widening, meaning a breakout is to come. Since we are in a descending triangle, breakout may indeed be bearish.
Cardano has a symmetrical triangle forming. BUT we also see a descending triangle as well, signaling bearish movements.
A downward price channel has been drawn out, if ADA can break upwards out of this channel, expect possible further bullish movements and a potential breakout upwards past the symmetrical triangle.
- RSI @ 31.8, signaling ADA is oversold.
- MACD recently failed an attempt to cross and has since been following a downward trend. MACD may attempt to cross again, but it all depends on BTC right now.
- Bollinger Bands have been narrow for some time, signaling a trend has formed and will continue for some time. Bollinger Bands seem to be in the first stages of widening, meaning a breakout is to come. Since we are in a descending triangle, breakout may indeed be bearish.
Cardano has a symmetrical triangle forming. BUT we also see a descending triangle as well, signaling bearish movements.
A downward price channel has been drawn out, if ADA can break upwards out of this channel, expect possible further bullish movements and a potential breakout upwards past the symmetrical triangle.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.