ADA: Still Potential to See Further Push Down Near 23 Cents

17 de dez. de 2022

Hi Everyone! As pointed out in the video; it appears we have increased odds for expansion down to continue the next Weekly Candle. This expansion down could push us down to between a range of $0.235 to $0.185. I also pointed out how the white lower b-band in the 3-Week time frame may likely act as our ceiling of resistance during our entire period of Accumulation; when we finally transition from Phase A into Phase B of Accumulation. We may be working on the Selling Climax in Phase A of accumulation now. However, I don't believe that Selling Climax event is completed yet.

I hope this was helpful.

Happy Trading and Stay Awesome!

David

Near Term Group of time frames:


Short Term Group of time frames:


Mid Term Group of time frames:


3-Week Time Frame:

17 de dez. de 2022

Nota

20 de dez. de 2022

Nota

Update:

We came down to the Red Diagonal Trend Line the very next 3-Day candle as anticipated. I'll provide an update the next 3-Day candle; which begins when we get a new Daily.

20 de dez. de 2022

Nota

UPDATE:

Here is our current Near Term Group of time frames:


We had a textbook "Death Triangle" in our 6-Day time frame:


GREEN TEXT BUBBLE:

Green Line shaped like a triangle. Then Red and Blue Lines both cross through the triangle.
However, the "key" to understanding the "death" part of this triangle is by asking yourself
this question: Is it possible for Stage 1, Stage 2 or Stage 3 Expansion Down with the Green
going down and White Energy going down below level 50 with Red and Blue Lines below
level 50 for Stage 1 expansion down: Red and Blue below level 30 for Stage 2 Expansion Down;
or Red and Blue below level 20 for State 3 Expansion Down [Like we see now]???