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  • Market Cap: $260697398758.32
  • 24h Vol: $51028084349.482

ADA: Market Silent Trade of the Month


What does the technical Analysis say? 

  • On the 1D, ADA has appeared to be reversing as a result of the three green soldiers.
  • Volume has been drastically decreasing – indicating that a breakout should be occurring within the next 3 Weeks.
  • The OBV that illustrates open market interest is showing a slight spike in accumulation – indicating the trade is soon going to become a crowded one (Bullish indicator)
  • The RSI Stochastic crossed over at the end of October, illustrating that it is increasing in buys.
  • ADA will be retesting the 16MA in the next few hours – if it is able to close above it and therefore close above $0.073 – this would illustrate a bullish signal, the first seen in over a month.
  • ADA will be seeking to retest the few volume gaps that exist – the one at 57% and 117.48%.
  • It is likely that ADA will blast and retest the 200MA – a bullish sign and where usually a breakout falls short of. This is roughly $0.15.

What does Nouvive Research say? 

Nouvive Research states that despite the uncertainty occurring in the Cardano Foundation with IOHK, they still have awarded ADA a BUY.

What does Nouvive see? 

Nouvive sees a trade from $0.072 with a dollar cost averaging all the way to $0.061 with a take profit at $0.15.

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