you can tell I tend to lean on large time frames based on my last 2-3 posts. This isnt any different.
ADAUSD has been beaten down bad from highs in Aug 2021, with no trend reversal in sight. Just straight blood bath. Fortunately for us, now, reading this post... there is still time to buy or DCA into ADAUSD and reap the rewards of a possible upside reversal. this upside reversal is known as Wycoff Accumulation Phase. It's part of price action where: price of an asset sells off, finds a bottom and consolidate, to then later break out of consolidation and trend UP. Google it and come back to the 1W chart on the right hand side. Crazy.
3M: I like to understand where money is being poured into the last 3 months, or quarter. Last quarter we see some money being pumped into ADA based on candlestick and volume bar.
1W: not much to say that i didnt already. Google wycoff accumulation phase, come back and compare it to the weekly chart. If pattern plays out, I think cardano can hit 1.60-1.80.
Im pretty excited for the next 3-6months. DCA and chill fam.
ADAUSD has been beaten down bad from highs in Aug 2021, with no trend reversal in sight. Just straight blood bath. Fortunately for us, now, reading this post... there is still time to buy or DCA into ADAUSD and reap the rewards of a possible upside reversal. this upside reversal is known as Wycoff Accumulation Phase. It's part of price action where: price of an asset sells off, finds a bottom and consolidate, to then later break out of consolidation and trend UP. Google it and come back to the 1W chart on the right hand side. Crazy.
3M: I like to understand where money is being poured into the last 3 months, or quarter. Last quarter we see some money being pumped into ADA based on candlestick and volume bar.
1W: not much to say that i didnt already. Google wycoff accumulation phase, come back and compare it to the weekly chart. If pattern plays out, I think cardano can hit 1.60-1.80.
Im pretty excited for the next 3-6months. DCA and chill fam.