Cardano / TetherUS
Panjang

Cardano ADA - 200D SMA Bull Regime Detection

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To view script:
Simple Moving Average with Regime Detection by iGrey.Trading



Understanding the chart
Bullish Regime:
The price is currently above the 200D SMA, indicating a bullish regime and a regime duration of 16 bars.

Strong Momentum:
Large distance from price to both SMAs (119.62% and 141.38%) suggests powerful upward momentum



Historical Price Action
Long Bear Market (2022-2023):
  1. Extended period below 200 SMA
  2. Multiple failed attempts to break above
  3. Declining 200 SMA indicating strong bearish trend



Accumulation Phase (Mid-2023):
  1. Price consolidated around 200 SMA
  2. Reduced volatility
  3. Built base for current move



Recent Breakout:
  1. Clean break above 200D SMA
  2. Sharp increase in volume and momentum

Penafian

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