Hi Everyone! Unfortunately, we have seen a dramatic change lately in the indicators. Especially, with the 2-Day and 3-Day time frames. We can anticipate a bit more downward pressure to come. We need to see the White Energy in the 2-Day "CLOSE" above 50 before the Red RSI in the 4-Day "CROSSES" below 50 in order to see a transition from downward pressure to sustained upward pressure. I anticipate more downward pressure to continue through the weekend...
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2-Day Time Frame:
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There is no guarantee the price action will fall down during a period of downward pressure to my lower Aqua Blue Diagonal Channel. I'm simply pointing out the "odds" are increasing for the price action to fall down to our LOWER Aqua/Orange B-Bands at the top of my Aqua Blue Diagonal Channel.
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4-Day TF:
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The White Energy is quite a bit higher than the Green Line in the Daily (24h) Time Frame. We may only run up to the Yellow B-Band BASIS (YELLOW ARROW) in the Daily Time Frame then see a pullback along with BTCUSD possibly having a pullback.
This will be the easiest money you have made in your life. Simply requires PATIENCE. ; )
Stay Awesome, Mate!
David
nscott32
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Been keeping my ADA on staking since 0.15, this is the most painful holding ever!
Not sure too see the price jumping much higher now with Goguen (Feb 2021)...
Anyway, thanks for the analysis!
jimmythis343
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@nscott32, Yeah...feel your pain...but then again...I bought Cardano during first bull run @ .03 cents. Didn't know much about trading back in the day...just bought it because a friend told me to. I then sold it off for other "MOON" coins only to find myself in a market that tanked 90%. So...don't worry to much about it..it can feel
like the walls are closing in...but then all of a sudden Cardano can go parabolic within a few months!...you "we" have so many more advantages in this market now than 2017!... Cheer up mate...it's the shaking out first that you have to endure...