ProwdClown
Long

Cardano Still Has More Upward Pressure Till At Least January 15.

BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
Begins with a brief description of what has occurred thus far in our Wyckoff Accumulation Schematic and what will occur in the future. Then we get into discussion on the indicators with emphasis on the importance of using higher time frames; such as the 4-Day TF (Time Frame).
Comment: This is to give an idea of what we can expect potentially for the near future in Phase A and beginning of Phase B for ADAUSD.

2-Day TF:
Comment: $0.041381 should be reached quite easily. We may go down to $0.038358.

12h TF:

Comment: Want to point out something else...

My Phoenix TSI Short Cycle Indicator has turned Red and is turning down as well; when looking at this 6h TF. It's possible it may take the entire weekend and maybe on into next week before we find the bottom of this Second Test in Phase A.

Well this was definitely looking to play out before Big-Boy BTC brought the whole market down- what do you think will happen from here bud? Just curious as to what you think- All the best bud.
+1 Reply
ProwdClown jeremy.jacques79
@jeremy.jacques79,

Hi Jeremy,

Just woke up. I've been trying to catch up on some much needed sleep. ; )

Yes, "Big-Boy" BTC messed us up. lol

Just posted an update using the 12h TF.

David
Reply
@ProwdClown, New analysis looks good to me- I'll be staying tuned for your updates on ADA from here out if you keep posting- efforts much appreciated- thanks PC, :-)
Reply
Good analysis but it assumes bullish BTC until 15 January or at least sideways move. The issue here is that all of the alts are moving in somewhat correlation with BTC. To be more precise on alts you have to take into account a possible BTC move in a time frame you are evaluating. You yourself said in the BTC video that there may be a possible long squeeze. This may be it just a bit later or a start of a deeper move to test support at 3k.

Is it possible to add some basic indicators for BTC to your alts graphs? That way at least when you analyzing alts you always see what is the position of BTC at current moment and possible moves by BTC that can influence alts analysis.

Best Regards! :-)
+1 Reply
@Goldhead,

Thanks for the advice, Godhead.

I've already added several moving averages to BTCUSD chart. I'll do the same thing for ADAUSD before the next publication.
Reply
Thank you!
+1 Reply
@Mracha,

You're very welcome. And thanks for the support.

; )
Reply
makes sense, especially to remember the 4D! thank you
+1 Reply
@cskfk,

Cheers...

; )
+1 Reply
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