Momentum Reversal? Cardano’s Heads Down for the First Time in 3 Days

The Hourly View for Cardano

  • At the moment, ADA’s price is down $-0.01 (-0.37%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Cardano’s hourly price chart is shown below.

ADA

The Daily View for Cardano

  • At the moment, ADA’s price is down $0 (-0.03%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between ADA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ADA’s price.

Below is a daily price chart of Cardano.

ADA

The Latest From ADA’s Blockchain

  • ADA has a daily large transaction count of 6065, down 9.79% from its value day prior.
  • Over the past 29 weeks, the trend for ADA’s daily large transaction count has been choppy and unclear. It has oscillated between 0 and 11936.
  • ADA’s daily large transaction count now stands at 6065.

Featured NA Commentary From Twitter

$AMZN $ROKU

Amazon isn’t changing its strategy bc it’s working; they’re changing bc it’s not.

This reads as confirming evidence that NA CTV is now Roku’s for taking and GOOGL / ROKU are in two horse race for the rest of the world.

I don’t see this as good news for AMZN.NA

OphirGottlieb