Hi Everyone! We see potential for Stage 1 Expansion and price action going "UP" with that expansion in the 24-hour time frame possibly August 1st or August 2nd, 2021. I'll provide a video publication shortly to provide further explanation.
Happy Trading and Stay Awesome!
David
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12-hour
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12-hour chart "without" indicators; allowing you to see a little more "zoomed in" view.
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Sorry, previous chart was still the 24-hour time frame.
Here is the 12-hour time frame...
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Added an additional note (Red text bubble) to this 12-hour time frame.
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Added another text bubble to this 12-hour time frame.
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Video publication currently uploading. Once uploaded, I'll have to give it a title and put a few words in the description. This may take up to around 10 minutes.
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ADAUSDT: Follow Up Regarding Potential Upside Movement August 1
My only question as a student of your work David is.... With the energy in the 1 day and 12 hour being under 50.and falling, how do you see upward expansion being likely? Typically as the energy falls, the red rsi will fall shortly thereafter because we are experiencing downward pressure, and then price action goes with it, counteracting any possible expansion we may get from the blue lsma. Why do you feel this time that the energy will quickly come back up allowing this scenario to play out?
WyckoffMode
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@piratesfan78,
Did I use the word, "LIKELY..." as you say?
NO!!!
What word did I use?
POTENTIAL
FIRST: We need to see the Green turn "UP" and "CLOSE" with the Red RSI making contact with the Green EMA "WHILE" the Green EMA is going "UP" in the 12-hour and 24-hour time frames. I just pointed out in a video publication what would have to occur for this "POTENTIAL" to come to pass.
WQPortfolios
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@WyckoffMode, thanks David. Just a loyal follower trying to understand the intricate dynamics a little better. I was assuming you wouldn't post a publication talking about potential movement upward if it wasn't likely, but it's my fault making that assumption. Thanks so much for responding, you've helped me immensely in the past 7 months and I'm learning all I can!
WyckoffMode
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@piratesfan78,
Here is that video publication...
ADAUSDT: Follow Up Regarding Potential Upside Movement August 1
h4rdw1r3d
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I agree. Thank you for the technical analysis. It seems analysis agrees with the news and rumors. As Hoskinson tweeted: Cardano’s August and September will be “wild”, especially considering the release schedule.
h4rdw1r3d
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@h4rdw1r3d actually it may not have been on Twitter that he said that..