Hi Everyone! Yes, I agree with CryptoCheck- Here is her publication for Cardano. She's worth following. So, check her out.
Yes, we have increased odds for expansion UP in the short term group of time frames; as I mentioned in the video. The question is, will this expansion up event in the Short Term Group push us through the White Lower B-Band at $0.33 cents in the 4-Day time frame? The White Lower B-Band in the 4-Day has been acting as our Ceiling of Resistance in this current 4-Day candle. Will we over extend above the white lower b-band in the 4-Day? I'm not prepared to say for a fact that we will over extend above it. It's certainly possible though. Do expect a lot of resistance at the $0.33 cent level of course. If we can break out above $0.33, then yes, the odds of running up to within proximity of $0.35 to $0.36 cents is certainly there.
I also pointed out the Orange Diagonal Trend Line in my Wyckoff Schematic is around the $0.35 to $0.36 cent area. So, it's possible to go there. However, we need to continue going higher than that afterward if this is to be considered early stages of Accumulation. We'll see...
We get a new 12-hour, 24-hour, 2-Day, 3-Day, 4-Day and 6-Day candle in approximately 5.5 hours. We will have more information then. At which point, I'll plan on providing another update. But maybe not until another 2 to 6 hours after those new candles begin.
Hope this was helpful.
Happy Trading and Stay Awesome!
David
Short Term Group:
Near Term Group:
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UPDATE:
Here is text within the Green Text Bubble on this Wyckoff Schematic Chart:
In order to help determine if we are potentially transitioning from Phase A into Phase B Accumulation; we need to see the price action rise up to or near the lower boundary of our Preliminary Support Range. This would put us around the Green Diagonal Trend Line. This will take time to play out if we are to do this. First things first... Let's breakout above the White Lower B-Band at $0.33 cents in the 4-Day time frame and get over extension up in the 4-Day. This would mean we went up to the B-Band Basis near $0.35 to $0.36 cents in the 2-Day time frame. Which is around the Orange Diagonal Trend Line on this chart. This would mean we haven another Diagonal Trend Line level to rise up to in order to see that Simple Rally Event in Phase B of Accumulation.
Here is a setup video for both indicators; which I made PUBLIC:
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UPDATE:
4-Day Time Frame:
The Red and Blue Lines are still super low in this NEW 4-Day candle. This does not look good; as far as the price action rising up from the White Lower B-Band with "Over-Extension UP" as mentioned in video. $0.33 cents may be it for a little while and still have potential for another leg down if the Red and Blue lines do not get a move on.
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UPDATE:
ADA: IMPORTANT Follow Up After Yesterdays Publication
hi David, I'm anticipating +/- 0.29 to 0.30 beginning of the week (shake out) and then +/- 0.39 by mid december. Let's see how this plays out. Thanks for all the work you put into keeping us updated!
Interesting... Yes, that's possible. The Red and Blue lines have not moved much at all at this time in the 4-Day; as I mentioned in the video BEFORE we got a new 4-Day candle.
Thanks for your time and for commenting, Reach01.
Stay Awesome!
CryptoCheck-
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Hi David!
Great post, your work is so detailed and thorough. I'm always learning from you!