WyckoffMode
Long

Is it ADABTC's Time for a Change of Trend to the Upside.

BINANCE:ADABTC   Cardano / Bitcoin
More charts to follow shortly with Wyckoff TA and indicators...

Look at the indicators on this 1440m (Daily) TF:

Comment: Unfortunately, very little data in the 2-Day TF to use the indicators effectively.

Comment: Potential scenario of how it plays out; Daily (1440m):

Comment:
Comment: 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."
Comment: Current look at ADA (Cardano) in the 1440m (Daily) TF:

Comment: 1440m (Daily) TF:

Comment:
Comment: Decided to go along with creating an ADAUSD (Converted by TV) chart at the request of a TV user.

Comment: Forgot to add abbreviations. My bad...

Comment: 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.

Comment: MAJOR UPDATE:

Comment: 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.

Comments


i think ada is going to 12c
Reply
What is your opinion on the long term price for ADA? I mean long long term... For me ada is also a long term hodl. Thanks for your charts!
Reply
been thinking about grabbing some since yesterday
Reply
WyckoffMode tviewcrau
@tviewcrau,

It is my "opinion" any and all traders "should" buy Cardano as a LONG term investment. This one is NOT a "Get Rich Quick" coin. This is a LONG term investment!!! This coin is pretty dog-gone-cheap with lots of potential for big gains down the road "IF" one has the patience to wait it out while traveling down this LONG road.

I'm not buying heaps of it at a time but I am picking up some here and there when I get payouts from zcash.flypool. $140 to $160 worth of ADA here and there is adding up quickly at these current price levels.
Reply
tviewcrau WyckoffMode
@WyckoffMode, yeah, I've been looking to add ADA and EOS to my core which is BTC, LTC, ZEC, -- OMG, CVC, POWR, -- NEO. I of course own small amounts in some shit coins, XRP among them.
Reply
WyckoffMode tviewcrau
@tviewcrau,

Thumbs up!!!
Reply
tviewcrau tviewcrau
@tviewcrau, but I think there is a good chance that we are just getting into the thick of another altcoin winter where prices slowly grind down to nothing and ADA might be on sale for under 1800 sats.
Reply
WyckoffMode tviewcrau
@tviewcrau,

1800 sat's. Interesting...

Time will tell, for sure... :)
Reply
tviewcrau WyckoffMode
@WyckoffMode, I'm long from here.
Reply
WyckoffMode tviewcrau
@tviewcrau,

I can see that... We are fast approaching bottom...
Reply
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