ADA: Still in Period of Downward Pressure in Phase C
Hi Everyone! The entire Near Term Group of time frames suggest we are still in a period of downward pressure; except for the 24-hour time frame. Yes, we see upward pressure currently in the 24-hour. However, do not assume this upward pressure can continue for any kind of sustained period of time at present. Why? Because the Red Line is no where near crossing above Yellow Level 50 yet. This means, if the White Energy begins falling the "next" 24-hour candle, the price action is likely to fall the next 24-hour candle. This is explained in the video.
At present; we do not know if the push down to $0.22 cents was our Wyckoff Spring or if the Wyckoff Spring is yet to come. We simply have to be patient and wait to see if we can fall below $0.22 cents during this current period of downward pressure.
We are seriously at risk of falling down to the Aqua Lower B-Band in the 6-Day and 1-Week time frames; which is around $0.25 cents. 6-Day is top right of center. 1-Week is top right corner.
However, we may have to wait until the next 5-Day candle before potentially falling to $0.25 cents or lower. Why? Because we may have to wait for the red Line in the 5-Day to fall down below white level 30 in order for the price action to fall "down from" the white lower b-band to the Aqua Lower B-Band around $0.25 cents. Here is the 5-Day:
I hope this publication was helpful. Sorry I ran out of time and had to cut it short. TradingView only allows 20-minutes for video publications.
Happy Trading and Stay Awesome!
David
At present; we do not know if the push down to $0.22 cents was our Wyckoff Spring or if the Wyckoff Spring is yet to come. We simply have to be patient and wait to see if we can fall below $0.22 cents during this current period of downward pressure.
We are seriously at risk of falling down to the Aqua Lower B-Band in the 6-Day and 1-Week time frames; which is around $0.25 cents. 6-Day is top right of center. 1-Week is top right corner.
However, we may have to wait until the next 5-Day candle before potentially falling to $0.25 cents or lower. Why? Because we may have to wait for the red Line in the 5-Day to fall down below white level 30 in order for the price action to fall "down from" the white lower b-band to the Aqua Lower B-Band around $0.25 cents. Here is the 5-Day:
I hope this publication was helpful. Sorry I ran out of time and had to cut it short. TradingView only allows 20-minutes for video publications.
Happy Trading and Stay Awesome!
David
Comment:
Comment:
UPDATE:
We are subject to get Stage 1 Expansion Down the "next" 4-Hour candle which begins approximately 3 hours from now. The 4-Hour time frame is Bottom Left of Center.
We are subject to get Stage 1 Expansion Down the "next" 4-Hour candle which begins approximately 3 hours from now. The 4-Hour time frame is Bottom Left of Center.
Comment:
UPDATE:
ADA Still having a hard time breaking out and "closing" above the Yellow Descending Diagonal Trend Line:
ADA Still having a hard time breaking out and "closing" above the Yellow Descending Diagonal Trend Line: