13 June 2021
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ADA-USD | Cardano Crypo and Bollinger Bands and Moving Average
Zoom in, study Cardano Crypo and Bollinger Bands and Moving Average again.
Study the candlesticks too, we see clear ABCD pattern in addition to the Bollinger Bands interpretation.
Price Action and moving averages:
ADA-USD, Cardano Crypto price action has closed below its Short time (20 period) moving average.
Short time (20) moving average is currently above mid-time (50), AND above long time (100) moving averages.
All three 10, 50, and 100 MA are above 200 MA. 200 MA are slopping up, bull bias.
Bollinger Bands:
ADA-USD, Cardano Crypto price action has closed above bottom band.
Bollinger Bands are narrower than normal.
The width of the bands narrow is less volatility.
Manage risk is a key in trading. Trade what you see.
Moses Free Crypto Power Charting
Moses Power Crypto Charting
Official AmiBrokerAcademy.com Crypto Charting
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.
We learn from many past and present great traders. Kudo to these master.