Need to continue to monitor at higher time-frames to assess mid-to-long term trends.
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See my recent BTC dominance analysis:
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Also, see this chart that I had posted on the 8th Aug 19; analysis using my LIVIDITIUM dynamic levels.
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My earlier analysis on ADA. At the momentum, I believe chart switches to mid-term bullish if price manages to break up through the top resistance line as well. But need to reassess my PRISM, FUSIONGAPS, AND MAJESTIC oscillators when the time comes.
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Note: The previous ADA chart analysis just above was made on the 3rd Aug
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New stop-loss personally set at 0.0486 USD, just slightly below the 50 ema.
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Partially stopped out by a wick and need to re-enter! :(
Note to self: need to set stop-loss less conservatively in the future. A more systematic way to determine suitable stop-losses is needed. Perhaps using the AEONDRIFT stdev band at lower time frames might be helpful?
To KIV: Might work on and optimist parameters for a script specifically for this particular purpose in the future. :)
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Just made a script to help with the determination of suitable stop-limits, meant to be used in conjunction with trendlines, fibs, (Fast) LIVIDITIUM dynamic levels, etc.
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