02-02-2023, 12:37 PM
ADA breaks above strong resistance after over a year
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/10rc9lh/ada_breaks_above_strong_resistance_after_over_a/"> <img src="https://a.thumbs.redditmedia.com/brpgldv_PqlG3Aapi32LHppkZvw3s9Uv1gxbFH0ONT0.jpg" alt="ADA breaks above strong resistance after over a year" title="ADA breaks above strong resistance after over a year" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>In November 2021 Ada broke below under the Monthly MA7.<br/> Today is the first time after a long downtrend where Ada is traded above this exact line. </p> <p><a href="https://preview.redd.it/cvytqxcibofa1.png?width=1015&format=png&auto=webp&s=79a263f0d7c8ecac92bc3a7f343a8003725933cf">Yellow = MA7 | Purple = MA25</a></p> <p>Its not rare that if a strong resistance is broken it is followed by a strong push.<br/> We even notice that Adas Volume is still super low compared to its past. Even on a strong day like this where we have 60Mill daily trading volume on Binance alone we still missing a "breakout" -Volume. This is possible to follow soon.<br/> Another indicator for this would be: We broke not just MA7 on the Monthly - also on the Daily we are trading above EMA99/MA99 since some days. The only thing holding us back was EMA200 - but with the break above 0.4$ we also managed to break this line. </p> <p><a href="https://preview.redd.it/gjqd20rrcofa1.png?width=1704&format=png&auto=webp&s=9f80ac242b639ca1a7ce8cb7149ba1b19a100b59">Trading above MA99</a></p> <p>This was a lot of EMA/MA.<br/> Conclusion: If you are a trading guy you probably know that if a Coin is traded steady above resistance its mostly a super bullish sign. I think it can be seen as a representation of the whole market right now
<br/> Have a good one guys.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DREAMINDIVERX"> /u/DREAMINDIVERX </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10rc9lh/ada_breaks_above_strong_resistance_after_over_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10rc9lh/ada_breaks_above_strong_resistance_after_over_a/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/10rc9lh/ada_breaks_above_strong_resistance_after_over_a/"> <img src="https://a.thumbs.redditmedia.com/brpgldv_PqlG3Aapi32LHppkZvw3s9Uv1gxbFH0ONT0.jpg" alt="ADA breaks above strong resistance after over a year" title="ADA breaks above strong resistance after over a year" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>In November 2021 Ada broke below under the Monthly MA7.<br/> Today is the first time after a long downtrend where Ada is traded above this exact line. </p> <p><a href="https://preview.redd.it/cvytqxcibofa1.png?width=1015&format=png&auto=webp&s=79a263f0d7c8ecac92bc3a7f343a8003725933cf">Yellow = MA7 | Purple = MA25</a></p> <p>Its not rare that if a strong resistance is broken it is followed by a strong push.<br/> We even notice that Adas Volume is still super low compared to its past. Even on a strong day like this where we have 60Mill daily trading volume on Binance alone we still missing a "breakout" -Volume. This is possible to follow soon.<br/> Another indicator for this would be: We broke not just MA7 on the Monthly - also on the Daily we are trading above EMA99/MA99 since some days. The only thing holding us back was EMA200 - but with the break above 0.4$ we also managed to break this line. </p> <p><a href="https://preview.redd.it/gjqd20rrcofa1.png?width=1704&format=png&auto=webp&s=9f80ac242b639ca1a7ce8cb7149ba1b19a100b59">Trading above MA99</a></p> <p>This was a lot of EMA/MA.<br/> Conclusion: If you are a trading guy you probably know that if a Coin is traded steady above resistance its mostly a super bullish sign. I think it can be seen as a representation of the whole market right now
<br/> Have a good one guys.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DREAMINDIVERX"> /u/DREAMINDIVERX </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10rc9lh/ada_breaks_above_strong_resistance_after_over_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10rc9lh/ada_breaks_above_strong_resistance_after_over_a/">[comments]</a></span> </td></tr></table>