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ADABTC Daily Analysis - 31 January 2018

BINANCE:ADABTC   Cardano / Bitcoin
97 0 1
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.
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