Cardano ADA - 200D SMA Bull Regime Detection
2024-11-23

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 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
