We are still looking at a target of $0.085 to $0.107 some time during the first or second week of June, 2020.
Cardano/USD (ADAUSD) is gearing up for a pump in the very near future as well...
Hi everyone! Simply a quick update to point out HOW SIMILAR ADAUSD is to BTCUSD inside the indicators.
I'm anticipating a period of downward pressure likely until Sunday before we begin to see signs of resuming upward pressure again. This COULD change between now and Sunday. If it does, I will provide an update.
Upward Pressure Still Dominates the Higher Time Frames. Yes, we have a chance locally for a brief dip on the NEXT Daily (24h) Candle. However, it's very likely upward pressure will resume after a potential upcoming dip.
The $0.042 price point was determined by the upper boundary of the Bollinger Band in the Daily (24h) Time Frame. Below, is a screenshot of the 3h, 12h and 24h time frames. The White Energy in the 3h is nearing exhaustion (as pointed out in the video). So, we have a high chance of continue out sideways within a relatively tight trading range for now before...
Cardano (ADAUSD) is in a similar situation as BTCUSD when looking at the indicators. Just as it is hard for me to see a lower low on a pull-back in BTCUSD; it's also hard for me to see a lower low on a pull-back for ADAUSD.
Keep an eye on the White Energy in the Daily (24h) Time Frame for POTENTIAL for reversal to significant upward pressure in March.
Probably come down to the 20-Day MA @ $0.061 at a minimum but COULD come down as far as $0.055. I'm anticipating ONLY a "DIP" and NOT a "dump." This SHOULD continue going to higher highs AFTER this dip. Which means I'm short for the near term and long for the long term to last week of March to first week of April.
Those price points are ESTIMATES - in regard to the anticipated dip I see potentially beginning on February 14th or 15th. I'm still seeing our high by mid April around $0.115 to $0.15 before consolidating. If you are thinking about implementing a margin short position on a potential upcoming dip, PLEASE make it a small bet with very low leverage. Market Makers...
Pardon the poor audio. The built in mic on my laptop is not as good as my professional mic on my desktop. Cardano is an excellent coin for INVESTMENT. My opinion of course.
Odds are VERY HIGH we continue with UPWARD pressure to the 3-Day Candle Beginning January 28, 2020 AT A MINIMUM before we see a dip (time correction) THEN continue going up AFTER that brief TIME correction (dip). Price target range is 0.054 to 0.064 on this CURRENT run up before we see a TIME correction (dip).
ADAUSD may likely go up a similar percentage with BTCUSD. Which means ADABTC will remain flat within a relatively tight trading range until Thanksgiving or just after Thanksgiving. Then we can expect another period of downward pressure most of December, 2019 for Cardano. Bitcoin will likely have a period of downward pressure as well during the month of...
There was also SOME discussion of Bitcoin in this publication. I'm waiting for the next 12-Day Candle to begin in less than 8 hours to post another publication for BTCUSD when the indicators update in the 12h TF beginning on October 4th. If bitcoin is to dump or dip before going up, it WILL occur between October 4th and October 15th. My opinion of course.
We are still in a Wyckoff Accumulation Schematic. However, an "Ascending Channel" has been ruled out as the TYPE of Accumulation Schematic. Now, we are either in a "W" Formation or a Classic "Flat Structure" that's also referred to as a "Cup & Handle." What will determine if we are in a "W" Formation or "Classic Cup & Handle" will be WHAT price level we go up...
Cardano seems to be lining up with BTCUSD and ETHUSD in regards to downward pressure continuing until on or around September 16, 2019.
I said I could see $10,000 hit by weeks end as the new weekly candle opened up on Monday and I stand by that. I have been wrong before and I will be wrong again but I am a trader and I trade my keep by getting my timing right. Have a look and see what you think.
Providing an update for Cardano before I begin catching up with a lot of things I need to do here at the house and with the website content. As the title implies; we may go sideways within a relatively tight trading range until the last week of May before we go up HARD to $0.18 or higher.