ADAUSD(4Hr): Cardano to see some bullish momentum

2021년 7월 14일

Market in the last 24hrs
ADAUSD saw downward movement and can be seen constantly rejecting the bottom Bollinger band as a support line. Trading volume has been high in the last 24 hours.

Today’s Trend analysis
The latest price movement suggests that ADAUSD has accepted the bottom Bollinger band as a support line, so we can expect the price to see bullish momentum till it reaches the middle Bollinger band. If the price accepts the middle band as a support line then we can expect to see some consolidation else the on rejection we can expect the price to reach the upper Bollinger band

Price volatility was moderate at approximately 3.47%, with the day's range between $1.2 — $1.32.
Price at the time of publishing: $1.25
ADA’s market cap: $40.08 Billion

However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.

Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.

Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.


Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!