ADAUSD Accumulation Zone

Since Jan 22nd, ADA has ranged from .92 to 1.17 a nearly $0.25 range or +-25% of the recent price levels.

Volume Point of control, the area where the majority of trades have taken place in that time is 1.05, exactly at the levels my average buy price is for my LONG trade set-up; I have .98 stoploss and aiming to take profits between 1.10 and 1.175.

My these is that we're polishing the tail end of a reversal from the previous 3 months of downward momentum. It's an early and risk bet, as we have not yet confirmed the reversal, but my interpretation suggests we've completed the typical three hits to the down, we are now in a strong week long accumulation phase and holding the support lines strongly. Making higher highs, and lower lower... Market makers are slowly closing in range, trapping liquidity for a large move this week.

I'm afraid there might be one last strong stoploss hunt and push to the downside, where they'll find my .98 orders rolling into the US open, before reversing and continuing on with the intention to bring us back up towards the 40-42k levels during the remainder of the week. Belief interpretation of the chart suggests we should see a max pull back to the bottom of the PINK accumulation zone around $1.00.

If we break $1.00, it means the downward pressure on bitcoin simply isn't quite over...