Cardano ADA - 200D SMA Bull Regime Detection
To view script:
Understanding the chart
Bullish Regime:
The price is currently above the 200D SMA, indicating a bullish regime and a regime duration of 16 bars.
Strong Momentum:
Large distance from price to both SMAs (119.62% and 141.38%) suggests powerful upward momentum
Historical Price Action
Long Bear Market (2022-2023):
Accumulation Phase (Mid-2023):
Recent Breakout:
Understanding the chart
Bullish Regime:
The price is currently above the 200D SMA, indicating a bullish regime and a regime duration of 16 bars.
Strong Momentum:
Large distance from price to both SMAs (119.62% and 141.38%) suggests powerful upward momentum
Historical Price Action
Long Bear Market (2022-2023):
- Extended period below 200 SMA
- Multiple failed attempts to break above
- Declining 200 SMA indicating strong bearish trend
Accumulation Phase (Mid-2023):
- Price consolidated around 200 SMA
- Reduced volatility
- Built base for current move
Recent Breakout:
- Clean break above 200D SMA
- Sharp increase in volume and momentum
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