WyckoffMode

ADAUSD: Energy in 24h to Win Race Against Red RSI in 2-Day

WyckoffMode Updated   
BINANCE:ADAUSD   Cardano
It appears the White Energy in the 24-hour is likely to "close" ABOVE level 50 before the Red RSI in the 2-Day can "cross" BELOW level 50. In which case, we would normally have a reversal to sustained upward pressure. HOWEVER, we must confirm this by having a look at three (3) lower time frames than the 24 hour time frame. I recommend starting with the 90 minute, then the 3 hour and 6 hour time frames to see if the Green Line is HIGHER than the White Energy. If not, then we do NOT have confirmation of a reversal to sustained upward pressure. We need the Green Line to be HIGHER than the White Energy to indicate bullish sentiment and a chance for reversal to sustained upward pressure.

Here's the 24-Hour and 2-Day again to show the White Energy in the 24-hour will likely "close" ABOVE level 50 before the Red RSI in the 2-Day can "cross" BELOW level 50.

HOWEVER, we do not see the Green Line HIGHER than the White Energy in the 90-minute, 3-hour, 6-hour and 12-hour:

AS A RESULT, WE CANNOT "CONFIRM" A REVERSAL TO SUSTAINED UPWARD PRESSURE. We are simply seeing the price action RANGING sideways within a price range during a period of upward pressure before another potential pullback in the near future. Will that potential pullback result in a lower low than the previous low? No, not necessarily... May likely be a higher low.
Comment:
UPDATE:

We will keep an eye on the Red RSI and Green Line in the 2-Day time frame. If the Red RSI can make contact with the Green Line WHILE the Green Line is going up in the 2-Day Time Frame, we would have a CHANCE for a reversal to sustained upward pressure... If this were to occur in the near future, we would need to have a look at the 90m, 3h, 6h and 12h once again to see if the Green Line is higher than the White Energy. If the Green Line is higher than the White Energy in the 90m, 3h, 6h and 12h and that point in time, THEN we can act with a trade(s) in anticipation for the price action going up at that period in time.
Comment:
UPDATE:

"ADAUSD: Short Term and Near Term GROUP of Time Frames Analysis."

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