ADA - Ichimoku Cloud Multi Timeframe Analysis

6 Tem 2021

ADA - Multi Timeframe Analysis using the Ichimoku Cloud:


1hr Chart:

ADA is in the Equilibrium Zone of the Ichimoku Cloud for this 1hr timeframe.

The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid point of the short-term momentum is sideways for this 1hr timeframe.

The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways for this 1hr timeframe.

The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards for this 1hr timeframe.

Note that the Lagging Span (Chikou Span) is below the price from 30 Period ago for this 1hr timeframe.

Note that the Cloud (Kumo) is still Bullish Green for this 1hr timeframe.



4hr Chart:

ADA is in the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe.

The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid point of the short-term momentum is sideways for this 4hr timeframe.

The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways for this 4hr timeframe.

The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards for this 4hr timeframe.

Note that the Lagging Span (Chikou Span) is above the price from 30 Period ago for this 4hr timeframe.

Note that the Cloud (Kumo) has had a Kumo Twist into a Bullish Green Cloud for this 4hr timeframe.



12hr Chart:

ADA is in the Equilibrium Zone of the Ichimoku Cloud for this 1hr timeframe.

The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid point of the short-term momentum is upwards for this 12hr timeframe.

The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways for this 12hr timeframe.

The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sideways within a range for this 12hr timeframe.

Note that the Lagging Span (Chikou Span) is back above the price from 30 Period ago for this 12hr timeframe.

Note that the Cloud (Kumo) is still Bearish Red for this 12hr timeframe.

Note that the Conversion Line (Tenakn Sen) may cross back over the Base Line (Kijun Sen) for this 12hr timeframe.

Note that ADA has found some support from its Leading Span A (Senkou Span A) cloud support level for this 12hr timeframe.


1D Chart:

ADA is in the Bearish Zone of the Ichimoku Cloud for this 1D timeframe.

The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid point of the short-term momentum is downwards for this 1D timeframe.

The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways for this 1D timeframe.

The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards within a range for this 1D timeframe.

Note that the Lagging Span (Chikou Span) is below the price from 30 Period ago for this 1D timeframe.

Note that the Cloud (Kumo) is still Bearish Red for this 12hr timeframe.

Note that the Conversion Line (Tenakn Sen) may cross back over the Base Line (Kijun Sen) for this 1D timeframe.

Note that ADA has found strong resistance from its Leading Span B (Senkou Span B) cloud Resistance Level for this 1D timeframe.


Notes:

Conversion Line (Tenkan Sen) = Blue Line

Base Line (Kijun Sen) = Burgundy Line

Lagging Span (Chikou Span) = Green Line

Leading Span A (Senkou Span A) = Green Line of the Cloud

Leading Span B (Senkou Span B) = Red Line of the Cloud

Bullish Zone = Above the Cloud

Equilibrium Zone = Inside the Cloud

Bearish Zone = Under the Cloud

Settings used 20, 60, 120, 30


Again this is just a Multi Timeframe Analysis using the Ichimoku Cloud showing what ADA has above and below it in terms of resistance and support in the various timeframes i have selected. First we need to see the Price break back above the Leading Span A (Senkou Span A) Cloud support on the 1hr chart and turn that level into strong support, for the longterm, a very good sign of strength will be if ADA closes in the Bullish Zone of the 12hr chart and turns the Leading Span B (Senkou Span B) into strong support as this would also take ADA above its Base Line (Kijun Sen) level on the Daily Chart. When that eventually happens on the 12hr, further Bullish Confirmation will happen when the we have a Cloud Twist (Kumo Twist) into a green Bullish Cloud on the 12hr. ADA has a bright future and has shown real recovery strength during this downtrend, from my opinion, any dips should be used to accumulate more ADA and DCA up. I hope you have found this helpful with your Trading and Hodl-ing.