Hi! GMW here!
As you well know the other day we had a big scandal between GrayScale and Elon Musk that led to a dramatic decline in the cryptocurrency market. In short, the story sounds something like this: GrayScale bet (made short) on Dodgecoin that it will fall, and Elon said that Tesla no longer accepts Bitcoin payment because they found out that the energy used for Bitcoin mining comes from coal processing and this is not eco-friendly. Thus at 3:02 Bitcoin dropped from $ 57,000 to $ 42,000, Etherium from $ 4,000 to $ 3,700. I think this is a warning from Elon Musk to be careful and do not attack dodgecoin. But that' s completely bullshit because crypto's needs to be influenced by people trading not by whales who tweet about them..
A novelty in the crypto world is the Shiba currency. It caused a stir and was listed on all major marketplaces including Binance. Unfortunately, it lost a considerable part of its value due to the donation of the creator Etherium to the Covid - 19 combat centers. He donated coins worth $ 1,000,000,000 to Shiba, and the price dropped dramatically from $ 0.000035 to 0.000015 $. I expect this currency to recover only after India sells these coins. I don't think this crypto will die from this. What do you think?
ADA is safely in the Bullish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards.
The Ichimoku Cloud BaseLine (Kijun Sen) is indicating mid-term momentum is sideways.
ADA is well above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen)
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
ADA is safely above is 50EMA.
ADA is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
ADA looks to be potentially walking the Bollinger Bands Upper Band upwards.
The ADX DI is indicating a strong trend with the ADX (Yellow Line) at 30 above its 9 Period EMA which is at 26.5. The + DI (Green Line) is at 21.3 above its -DI (Red Line) which is at 8.1.
The Chaikin Money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) at 0.23.
Binance is being investigated in the USA for money laundering. It was found that 80% of the money from drugs, prostitution and armed warfare goes through Binance in the form of cryptocurrencies. In fact, those from Theter are also bought because it has been discovered that they own hundreds of properties and numerous undeclared cryptocurrencies.
