So, how many charts does one have to go through to get a positive signal these days? Fortunately ADA is at the top of the alphabet and one can start off the chart search on a positive vibe.
There are a number of factors to like here, such as the support holding after a number of tests, the 9d ma in support and the breach of the downtrend line with a solid green candle close on May 1. I like the steady increase in buy volume as well.
For a confirmation of a positive change I would be looking for a break above and close above the 50 rsi.
There are other factors to consider as well such as Macd, 12 and 26 ema and any buy calls from others that one is considering before taking a position. So, do your own research with a little help from others and watch for the buy in zone.
There are a number of factors to like here, such as the support holding after a number of tests, the 9d ma in support and the breach of the downtrend line with a solid green candle close on May 1. I like the steady increase in buy volume as well.
For a confirmation of a positive change I would be looking for a break above and close above the 50 rsi.
There are other factors to consider as well such as Macd, 12 and 26 ema and any buy calls from others that one is considering before taking a position. So, do your own research with a little help from others and watch for the buy in zone.