More charts to follow shortly with Wyckoff TA and indicators...
Look at the indicators on this 1440m (Daily) TF:
Look at the indicators on this 1440m (Daily) TF:
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Unfortunately, very little data in the 2-Day TF to use the indicators effectively.
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Potential scenario of how it plays out; Daily (1440m):
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If I see it POSSIBLY being fruitful to do a chart for ADAUSD I'll do it. For now, I'm not encouraged by what I'm seeing in the price action to see it as being "fruitful."
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Current look at ADA (Cardano) in the 1440m (Daily) TF:
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1440m (Daily) TF:
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Decided to go along with creating an ADAUSD (Converted by TV) chart at the request of a TV user.
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Forgot to add abbreviations. My bad...
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Simply showing a few other tests that have been met. It's important for me to point out that SOME if not MOST traders will prefer to wait to buy in Phase C (The point of least resistance in regards to least risk and higher probability of a big move coming up). Especially, since this is traded in BTC and not USD. Another advantage to waiting till phase C in this case is the ability to accumulate more coins with less BTC because ADA may likely be worth less in BTC value by the time Phase C is reached.
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MAJOR UPDATE:
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Odds are, ADA (Cardano) will remain in the $0.15 to $0.18 range in USD "WHILE DECREASING" in BTC value.
How?
BTC can increase in USD value while ADABTC continues downside. Meaning, when you convert ADABTC into USD value, it will be that $0.15 to $0.18 range. Simply while BTC "increases" in USD value; even though ADA "decreases" IN BTC VALUE.
How?
BTC can increase in USD value while ADABTC continues downside. Meaning, when you convert ADABTC into USD value, it will be that $0.15 to $0.18 range. Simply while BTC "increases" in USD value; even though ADA "decreases" IN BTC VALUE.