ADAUSDT: Roughly 32 More Hours for More Clarity in the Near Term
Hi Everyone! Yes, it has been a while. No, I'm not back yet... Sorry... I still have a lot of work to do. Simply thought I would post an update to avoid getting rusty. "If you don't use it, you lose it."
The purpose of this title is to emphasize we need to wait to see if the Green Line in the Daily (24h), 2-Day, 3-Day and 4-Day time frames can turn back up with the Red RSI making contact with the Green "while" going up (indicating upward pressure). The 90 minute, 6 hour and 12 hour time frames are "currently" suggesting there is a "possibility" for that to occur -BUT- it is not guaranteed we would have a "significant" move to the upside if that were to occur. If that occurred, we would say, "Sideways at worst or upward at best during a period of upward pressure in the Near Term Group of Time Frames." However, we are waiting for the Green to turn up in the Near Term Group of Time Frames (24h, 2-Day, 3-Day and 4-Day). REMINDER: The Short Term Group (90min. 3h, 6h and 12h) suggest that "possibility." However, we will have to wait for up to 32 hours to see if the probability (odds) of that playing out increases over the next 32 hours.
The purpose of this title is to emphasize we need to wait to see if the Green Line in the Daily (24h), 2-Day, 3-Day and 4-Day time frames can turn back up with the Red RSI making contact with the Green "while" going up (indicating upward pressure). The 90 minute, 6 hour and 12 hour time frames are "currently" suggesting there is a "possibility" for that to occur -BUT- it is not guaranteed we would have a "significant" move to the upside if that were to occur. If that occurred, we would say, "Sideways at worst or upward at best during a period of upward pressure in the Near Term Group of Time Frames." However, we are waiting for the Green to turn up in the Near Term Group of Time Frames (24h, 2-Day, 3-Day and 4-Day). REMINDER: The Short Term Group (90min. 3h, 6h and 12h) suggest that "possibility." However, we will have to wait for up to 32 hours to see if the probability (odds) of that playing out increases over the next 32 hours.
Comment:
UPDATE:
A look at the 3 hour:
A look at the 3 hour:
Comment:
UPDATE:
Added one more little reminder in the 3 hour TF about the price action within the B-Bands "relation" to the Red RSI and Blue LSMA being above level 50 within Phoenix Ascending indicator.
Added one more little reminder in the 3 hour TF about the price action within the B-Bands "relation" to the Red RSI and Blue LSMA being above level 50 within Phoenix Ascending indicator.
REMINDER: We have upward pressure continuing in the 45 minute TF for at least 2 more 45 minute candles before a pullback.
REMINDER: We have upward pressure continuing in the 45 minute TF as well...
Orange Text Bubble: Decent chance for the B-Bands to expand (open up) in this 90 minute TF
with the Blue LSMA crossing above Level 50 in the Phoenix Ascending
indicator.
Blue Text Bubble: When the Red RSI and Blue LSMA are "both" above level 50, this suggests a high likelihood
of the price action remaining "above" the Bollinger Band BASIS. Also, don't forget the Blue
LSMA crossing above Level 50 increases the odds for the B-Bands to "expand." And with
the Red RSI "above" level 50 increases the odds for the price action to remain between the
Aqua/Orange UPPER B-Bands during this expansion of the B-Bands while in a period of
upward pressure.