ADA Price Analysis
At the moment the price is making a falling wedge in the overall bull flag taking place.
Most of our indicators are bearish despite the bullish chart pattern.
Stochastic RSI is falling to past support
The DIs on the ADX are bearish and the downtrend is losing steam. Confirmation can be seen by the wicks happening on the way down.
However, we can see that senkou lines A and B are beginning to twist and further movement would bring the chikou through the price.
This could mean a bounce off the .5 or .382 fib levels as the price moves down the wedge.
Most of our indicators are bearish despite the bullish chart pattern.
Stochastic RSI is falling to past support
The DIs on the ADX are bearish and the downtrend is losing steam. Confirmation can be seen by the wicks happening on the way down.
However, we can see that senkou lines A and B are beginning to twist and further movement would bring the chikou through the price.
This could mean a bounce off the .5 or .382 fib levels as the price moves down the wedge.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.