ADA: Still in Pullback Mode Before Potential 66 to 75 Cents
Hi Everyone! Simply pointing out our lower time frames have been in downward pressure to the point of the Red and Blue Lines in the 8-hour time frame potentially going below level 50. However, the Blue Line in the 6-hour is still fairly high above Level 50; implying it may take a few more 6-hour candles before a potential drop down to $0.52. 6-hour time frame is bottom right of center and 8-hour is bottom right corner.
12-hour time frame:
AQUA TEXT BUBBLE:
Blue Line is still high in the 12-hour. Red Line is still high as well.
We can anticipate the B-Band Basis to hold support the next 12-hour
candle as well. We need the yellow K-Line to rise above the magenta
D-Line in this 12-hour soon.
4-Day, 5-Day & 6-Day:
NOTE: The price action went up to the white/aqua UPPER B-Bands in the 4-Day and 5-Day. We are currently in proximity of the B-Band Basis in the 6-Day with good odds to continue higher to the white/aqua UPPER B-Bands around $0.65 to $0.75 in the 6-Day. Keep in mind the B-Bands in the 6-Day are still contracting (tightening). Which means the price level of the white and aqua upper b-bands will be lower the NEXT 6-Day candle; which begins in approximately 18 hours. Red Line is already above Level 50 in the 6-Day. The Blue Line has a chance of going above Level 50 the next 6-Day candle. The reason I'm mentioning this is because the B-Bands may complete their contraction (tightening) the NEXT 6-Day candle and may level out or begin expanding the next candle after that (two candles from present candle).
15-Day Time Frame:
GRAY TEXT BUBBLE:
I still have concern about the White Energy reaching exhaustion
in this 15-Day time frame and we see a reversal to downward
pressure potentially the next 15-Day candle; which begins 12-Days
and 19-Hours from this writing.
RED TEXT BUBBLE:
Red Line is approaching white level 30 and Blue Line is approaching
white/aqua Level 20. Is there a chance for the B-Band Basis at $0.85?
Sure... but not very good odds during the current 15-Day candle.
Why did I say $0.85 and not $0.89 like it is now? Because the Yellow
B-Band Basis is falling. Which would put the B-Band Basis around $0.85
the NEXT 15-Day candle.
10-Day Time Frame:
PURPLE TEXT BUBBLE:
We still have a fairly good chance of continuing higher toward
the Yellow B-Band Basis in this 10-Day time frame due to the
Red and Blue Lines BOTH being above White Level 30. The
reason I'm not saying white/aqua UPPER B-Bands like I normally
would is due to the current levels of the Red and Blue Lines in
the 15-Day and 3-Week time frames.
3-Week Time Frame:
RED TEXT BUBBLE:
The current level of our Red and Blue Lines in this 3-Week time frame
are what concern me the most. How so? The Red Line is not even
above Level 20 yet. It's not near White Level 30 either; which would
increase our odds of going up from the white lower b-band to the
yellow b-band basis.
The Blue Line currently at Level 2.3 does not help matters either. It's
possible the White Lower B-Band in this 3-Week time frame may be
our ceiling of resistance for a while. Does this mean we cannot see
this 3-Week candle or the next 3-Week candle rise above white level 30?
No, it simply means we will have a difficult time rising up all the way to
the Yellow B-Band Basis.
The next 3-Week candle begins in 5-Days and 18-hours from this writing.
We really need to see the Green Line continue rising; the Red Line rise
above Level 20 and the Blue Line turn up towards aqua Level 10 the
NEXT 3-Week candle.
12-hour time frame:
Blue Line is still high in the 12-hour. Red Line is still high as well.
We can anticipate the B-Band Basis to hold support the next 12-hour
candle as well. We need the yellow K-Line to rise above the magenta
D-Line in this 12-hour soon.
4-Day, 5-Day & 6-Day:
NOTE: The price action went up to the white/aqua UPPER B-Bands in the 4-Day and 5-Day. We are currently in proximity of the B-Band Basis in the 6-Day with good odds to continue higher to the white/aqua UPPER B-Bands around $0.65 to $0.75 in the 6-Day. Keep in mind the B-Bands in the 6-Day are still contracting (tightening). Which means the price level of the white and aqua upper b-bands will be lower the NEXT 6-Day candle; which begins in approximately 18 hours. Red Line is already above Level 50 in the 6-Day. The Blue Line has a chance of going above Level 50 the next 6-Day candle. The reason I'm mentioning this is because the B-Bands may complete their contraction (tightening) the NEXT 6-Day candle and may level out or begin expanding the next candle after that (two candles from present candle).
15-Day Time Frame:
GRAY TEXT BUBBLE:
I still have concern about the White Energy reaching exhaustion
in this 15-Day time frame and we see a reversal to downward
pressure potentially the next 15-Day candle; which begins 12-Days
and 19-Hours from this writing.
RED TEXT BUBBLE:
Red Line is approaching white level 30 and Blue Line is approaching
white/aqua Level 20. Is there a chance for the B-Band Basis at $0.85?
Sure... but not very good odds during the current 15-Day candle.
Why did I say $0.85 and not $0.89 like it is now? Because the Yellow
B-Band Basis is falling. Which would put the B-Band Basis around $0.85
the NEXT 15-Day candle.
10-Day Time Frame:
PURPLE TEXT BUBBLE:
We still have a fairly good chance of continuing higher toward
the Yellow B-Band Basis in this 10-Day time frame due to the
Red and Blue Lines BOTH being above White Level 30. The
reason I'm not saying white/aqua UPPER B-Bands like I normally
would is due to the current levels of the Red and Blue Lines in
the 15-Day and 3-Week time frames.
3-Week Time Frame:
RED TEXT BUBBLE:
The current level of our Red and Blue Lines in this 3-Week time frame
are what concern me the most. How so? The Red Line is not even
above Level 20 yet. It's not near White Level 30 either; which would
increase our odds of going up from the white lower b-band to the
yellow b-band basis.
The Blue Line currently at Level 2.3 does not help matters either. It's
possible the White Lower B-Band in this 3-Week time frame may be
our ceiling of resistance for a while. Does this mean we cannot see
this 3-Week candle or the next 3-Week candle rise above white level 30?
No, it simply means we will have a difficult time rising up all the way to
the Yellow B-Band Basis.
The next 3-Week candle begins in 5-Days and 18-hours from this writing.
We really need to see the Green Line continue rising; the Red Line rise
above Level 20 and the Blue Line turn up towards aqua Level 10 the
NEXT 3-Week candle.
Here is the IMMEDIATE Group of time frames (5-sec. 15-sec. 30-sec. 1-min. 2-min. 4-min. 8-min. and 15-min.): I mentioned in the video we need the K-Line to rise above the D-Line in the 8-min. and 15-min. in order to help the Red Line turn back up in the 30-minute. I mentioned in the video we need the Red and Blue Lines both to rise back above Yellow Level 50 in the 30-minute through the 4-hour. It all starts with the 8-min. and 15-min. Which are currently rising...
30-minute and 1-hour time frames: