Several Alts show the same picture as ADA' is showing here at the moment. The move up are getting weaker lately and it has turned into the shape of a bearish wedge
. The volume
is not perfect for a wedge
though, also thinking about the holiday's the past 10 days or so, the volume
picture might be even completely wrong. For now i think it's important to watch the range on the left, between the red and green zone. We can zee a small bullish wedge
against a small H&S
. I still think the past week might all be noise because of the holiday's, i am just not sure about it. A year ago there was no noise, but that was because the hype was extreme those days. So i would just stay open minded between the 2 levels and make your decision after it breaks.
My personal assumption is, the real direction of the market will be shown next week, from around Monday, assuming volume