WyckoffMode

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

Long
WyckoffMode Updated   
BINANCE:ADAUSD   Cardano
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.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.