ADA: Another Expansion Down Event Appears to be Approaching
Hi Everyone! Yes, the indicators in the Near Term Group and Mid Term Group of time frames indicate we still have increased odds for another Sign of Weakness Event in Phase E for Cardano (ADA). This is explained in the video regarding many time frames showing increased odds for Stage 2 and/or Stage 3 Expansion Down. This expansion down event can take us down to at least around $0.2323 but we can fall down as low as $0.2030 to $0.1830.
Be advised: If we get another Sign of Weakness event in Phase E, this next one may be acting as our Selling Climax event in Phase A of Accumulation. After which, we should see this followed up by an Automatic Rally running up to or near our Preliminary Support Range. Which would be between $0.27 and $0.34.
Here is the Short Term Group of time frames:
Near Term Group of time frames:
Mid Term Group of time frames:
Hope this video was helpful.
A moment of your time to click the rocket symbol to the lower right of the video would be appreciated. This is called "boost." A "boost" would be appreciated. ; )
Enjoy the New Year! Let's make it a good one! ; )
Happy Trading and Stay Awesome!
David
Be advised: If we get another Sign of Weakness event in Phase E, this next one may be acting as our Selling Climax event in Phase A of Accumulation. After which, we should see this followed up by an Automatic Rally running up to or near our Preliminary Support Range. Which would be between $0.27 and $0.34.
Here is the Short Term Group of time frames:
Near Term Group of time frames:
Mid Term Group of time frames:
Hope this video was helpful.
A moment of your time to click the rocket symbol to the lower right of the video would be appreciated. This is called "boost." A "boost" would be appreciated. ; )
Enjoy the New Year! Let's make it a good one! ; )
Happy Trading and Stay Awesome!
David
Comment:
Comment:
UPDATE:
Made some updates to our 2021/2022 Distribution Schematic. This new area where we have "ranged sideways" between $0.2465 and $0.2713 may potentially be our Preliminary Support Range if we fall down again with another Sign of Weakness. I'm mentioning this to point out where an "Automatic Rally" in Phase A of Accumulation could run up to if we fall down somewhere between $0.2323 and $0.1823 as our Selling Climax event in Phase A of Accumulation.
I've been awake since 3:40pm yesterday. It is currently 6:37am the next day. So, time for me to get some sleep. Stay Awesome, Everyone!
Made some updates to our 2021/2022 Distribution Schematic. This new area where we have "ranged sideways" between $0.2465 and $0.2713 may potentially be our Preliminary Support Range if we fall down again with another Sign of Weakness. I'm mentioning this to point out where an "Automatic Rally" in Phase A of Accumulation could run up to if we fall down somewhere between $0.2323 and $0.1823 as our Selling Climax event in Phase A of Accumulation.
I've been awake since 3:40pm yesterday. It is currently 6:37am the next day. So, time for me to get some sleep. Stay Awesome, Everyone!
Comment: