ADABTC Daily Analysis - 31 January 2018
CARDANO, NOT BAD, NOT GREAT EITHER
1. Although the price has touched below the short term trend line, it bounced off on the minor 0.00004743 support. Now, it needs to close above the trendline.
2. It needs to break above the short term downtrend line in the next couple of days, for a stronger uptrend signal.
3. It's been consolidating for the past 2 weeks. It's tried to break above the mid Bollinger Bands twice. We first need to start trading on the upper Bollinger Bands, gather enough upward momentum, before we see a nice increase.
4. If the fall continues, there's support on MA(50) and then at the 0.00004422 levels.
**Just me learning stuff. If you see something wrong in my chart, please let me know, I'd love to learn more.
1. Although the price has touched below the short term trend line, it bounced off on the minor 0.00004743 support. Now, it needs to close above the trendline.
2. It needs to break above the short term downtrend line in the next couple of days, for a stronger uptrend signal.
3. It's been consolidating for the past 2 weeks. It's tried to break above the mid Bollinger Bands twice. We first need to start trading on the upper Bollinger Bands, gather enough upward momentum, before we see a nice increase.
4. If the fall continues, there's support on MA(50) and then at the 0.00004422 levels.
**Just me learning stuff. If you see something wrong in my chart, please let me know, I'd love to learn more.
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