Keep an eye on ADA
BINANCE:ADAUSDT
ADA is on the verge of breaking out of the downward channel it has been in since Sep 2021.
I used Weekly MACD / RSI to put things in a longer term perspective.
The Weekly MACD is at it’s lowest level in history, and is beginning to curl upward.
The Weekly Stoch RSI , has crossed bullish and has plenty of room to the upside.
20d EMA (sky blue circles) will be crossing above the 50d EMA (blue circles) in the next few days.
The Ichimoku conversion line (white) has crossed above the base line (purple), signaling a flip from bear to bullish price action.
It is likely that the Kumo Cloud flips bullish in the next few days.
Breakout Confirmation / Long Entry Signals
– Price above trendline and kumo cloud.
– MACD cross above signal line.
– Kumo Cloud flipping bullish .
– 20EMA above 50EMA
