It does appear my previous publication, titled, "Upward Pressure Until March 16th to 18th; When We Reverse to Downward Pressure" may be correct. I believe I've pretty much said all I want to say in the video with little need to elaborate here in comments.
Happy Trading Everyone!
Cheers,
David
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WOW... Cardano will be the one crypto gone ROGUE. This was the one pair (ADAUSD) I was concerned about possibly getting it wrong because of the implications of fundamental analysis providing STRONG support for a significant upward move similar to BNBUSD.
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Cardano (Left) and Decred (Right): Could this POTENTIALLY be what plays out similar to Decred years ago? Would be sweet if something similar occurred with Cardano as it did with Decred.
Think your Decred idea doesn't quite work, the circulating supply is so much ridiculously less than Cardano. Cardano would need volume like no other to mirror the Decred Chart.
W3rN0tAl0n3
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Still waiting on BTC to begin its decent. Weekly stochastic/RSI is rolling down now which portends a good bit of downside thus I believe most every coin will also retreat, and ADA won't be spared although should go down less than others and bounce back quickly, but I'm still staying out of this market for now, there are just too many red-blinking lights saying "Stay Away!". All the best D.
Hey, just want to be clear on terminologies... When you say "upward pressure" do you mean resistance from the sellers? Reason I ask is because I have always considered upward pressure to be another way of describing strength or momentum from the buyers, which would mean the price is likely to go up. I just want to be clear on this since I've never seen the phrase used in that sense.