Hello friends!
In this video I discuss the indicators and analysis now that we have new candles across many timeframes. My apologies for it being a bit rambling. I haven't slept much, but I wanted to share with you this information.
In the short to near-term timeframes, it looks like ADA will continue to oscillate between 1.44 and 1.74, particularly around the 1.55 level. Broader market conditions could change that, but expect somewhat sideways action for now.
The next 7 days is a key period for ADA.
If prices are able to stay above 1.55 when higher timeframe candles close (e.g. 9D), ADA can avoid further consolidation and perhaps start recovering above $2 in advance of the next leg up later in June.
If prices cannot stay above 1.55, another period of consolidation may lead prices back towards 1.00. A good indication of this is if prices are testing or breaking below 1.44 in the next several days.
Thus, in the next 7 days, it is advisable to keep your options open and wait a few days before making any significant changes to your positions. If prices are in the 1.60-1.75 range and staying there, higher prices are likely. If prices are staying below 1.55, such as the 1.44 level, then consolidation is likely.
Good luck and good fortune!
P.S. Please let me know if the audio is acceptable. Hopefully it is better than the last video
In this video I discuss the indicators and analysis now that we have new candles across many timeframes. My apologies for it being a bit rambling. I haven't slept much, but I wanted to share with you this information.
In the short to near-term timeframes, it looks like ADA will continue to oscillate between 1.44 and 1.74, particularly around the 1.55 level. Broader market conditions could change that, but expect somewhat sideways action for now.
The next 7 days is a key period for ADA.
If prices are able to stay above 1.55 when higher timeframe candles close (e.g. 9D), ADA can avoid further consolidation and perhaps start recovering above $2 in advance of the next leg up later in June.
If prices cannot stay above 1.55, another period of consolidation may lead prices back towards 1.00. A good indication of this is if prices are testing or breaking below 1.44 in the next several days.
Thus, in the next 7 days, it is advisable to keep your options open and wait a few days before making any significant changes to your positions. If prices are in the 1.60-1.75 range and staying there, higher prices are likely. If prices are staying below 1.55, such as the 1.44 level, then consolidation is likely.
Good luck and good fortune!
P.S. Please let me know if the audio is acceptable. Hopefully it is better than the last video
