Hi,
This will be my second post with help of David's (Wyckoffmode) indicators (thanks David!). Any opinion is welcome!
In the pictures we see the 1day and 2 day. As you can see in de Phoenix-indicator (bottom) we're moving downward in Red RSI, Blue LSMA, green and grey energy. In the 1day the gray energy seems to slow down and might turn around.
If all indicators manage to stay below 50 without the green coming back up past the red and blue in theory we could see lower prices.
When we look at the 2day we see the green already below level 50. If it manages to stay there until march 8th we could see price at or just above the yellow basis (doted line.) OR at least wick there for a short time.
Lastly, we also don't see the MACD making a movement back to upward pressure and we're seeing a decline in volume.
All in al I think we might see ADA around 1$ in the coming days. We need to look at lower timeframes to see if there is an indication for continued downward pressure.
I do believe ADA will go higher this years, just not around this time.
That's just my idea :) Do your own research and feel free to post your opinion or TA.
This will be my second post with help of David's (Wyckoffmode) indicators (thanks David!). Any opinion is welcome!
In the pictures we see the 1day and 2 day. As you can see in de Phoenix-indicator (bottom) we're moving downward in Red RSI, Blue LSMA, green and grey energy. In the 1day the gray energy seems to slow down and might turn around.
If all indicators manage to stay below 50 without the green coming back up past the red and blue in theory we could see lower prices.
When we look at the 2day we see the green already below level 50. If it manages to stay there until march 8th we could see price at or just above the yellow basis (doted line.) OR at least wick there for a short time.
Lastly, we also don't see the MACD making a movement back to upward pressure and we're seeing a decline in volume.
All in al I think we might see ADA around 1$ in the coming days. We need to look at lower timeframes to see if there is an indication for continued downward pressure.
I do believe ADA will go higher this years, just not around this time.
That's just my idea :) Do your own research and feel free to post your opinion or TA.