ADAUSDT: POSSIBLE Slow Bleed Down in Progress
Posting this quickly...
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Comment:
Comment:
UPDATE:
I have absolutely ""NO"" TELEGRAM CHANNEL ACTIVE AT THIS TIME.
My Chief Operations Officer (COO) name is Kyle. Not only are they impersonating me; they are also impersonating my COO (Kyle). Do NOT fall for scams... Do NOT give them money...
Stay Awesome!
David
I have absolutely ""NO"" TELEGRAM CHANNEL ACTIVE AT THIS TIME.
My Chief Operations Officer (COO) name is Kyle. Not only are they impersonating me; they are also impersonating my COO (Kyle). Do NOT fall for scams... Do NOT give them money...
Stay Awesome!
David
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UPDATE:
24h time frame:
2-Day time frame:
24h time frame:
2-Day time frame:
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UPDATE:
A look at the 5-Day Time Frame:
A look at the 5-Day Time Frame:
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UPDATE:
The Red RSI (Relative Strength Index) and Blue LSMA (Least Squared Moving Average) will "Tell all; Be all" at Level 50.
One would have to wonder if White/Aqua LOWER B-Bands would be in play?
REMEMBER: The "odds" are higher for the price action to fall to those FIB levels within the B-Bands. HOWEVER, there
is "NO" Guarantee the price action "must" fall down "significantly" during a period of downward pressure; just as there
is "NO" guarantee the price action "must" go up "significantly" during a period of upward pressure. We could "range"
sideways within a trading range during a period of upward -OR- downward pressure for purposes of "distribution"
(to invest in another asset they see "potential" for "significant" upward pressure) AND/OR "accumulation" of the actual
asset for a future higher level.
The Red RSI (Relative Strength Index) and Blue LSMA (Least Squared Moving Average) will "Tell all; Be all" at Level 50.
One would have to wonder if White/Aqua LOWER B-Bands would be in play?
REMEMBER: The "odds" are higher for the price action to fall to those FIB levels within the B-Bands. HOWEVER, there
is "NO" Guarantee the price action "must" fall down "significantly" during a period of downward pressure; just as there
is "NO" guarantee the price action "must" go up "significantly" during a period of upward pressure. We could "range"
sideways within a trading range during a period of upward -OR- downward pressure for purposes of "distribution"
(to invest in another asset they see "potential" for "significant" upward pressure) AND/OR "accumulation" of the actual
asset for a future higher level.
Comment:
UPDATE:
BLUE TEXT BUBBLE:
1. Let's see what the Red RSI (Relative Strength Index w/specific inputs) look like at the "close" of
the NEXT 12 hour candle.
2. Let's see if the Green Line (Exponential Moving Average - EMA w/specific inputs) will turn back
down between now and the "close" of the NEXT 12 hour candle.
3. Let's see if the White Energy (Exponential Moving Average - EMA w/specific inputs) can manage
to get "higher" than the Green EMA. If the White EMA manages to get higher than the Green EMA,
the "odds" are high the next turn up can be a Lower-High than the Previous High. I think the
White EMA would fall deeper with the Green EMA if the price action were to drop significantly in
a single 12 hour candle. THEN we would need to pay attention to see if the White EMA gets "higher"
than the Green EMA. The purpose for checking to see if Green EMA higher than White EMA or visa-
versa, is to also determine the "potential" for CONTINUED downward pressure.
4. REMEMBER: The Red RSI falling "below" Level 50 is a Downward Pressure RACE "trigger" event.
Which means we must assume DOWNWARD PRESSURE CONTINUES until the White EMA "closes"
ABOVE Level 50 in the 12 hour BEFORE the Red RSI can cross "below" Level 50 in the 24 hour.
GREEN TEXT BUBBLE:
The FIB Retacement Levels (above) are by no means implying a long (drawn out) decent.
I'm simply providing what the "percentages" are a different FIB Retracement Levels to
allow you to get a price range to "Lick it Up."
IMPORTANT: Be sure to divide up your capital you are using for trading Cardano into
approximately 10-Parts and use those "parts at different "percentages" when"trading"
with your available capital "ON" trading exchange. Your capital (divided
into 10-Parts) can be used to "Dollar Cost Average" at different points on the way down.
WHITE TEXT BUBBLE:
If the Red RSI were to "close" below Level 50 in this 12 hour
time frame, the "odds" will be higher to fall within "proximity"
of the White LOWER B-Band at a minimum with chance to
"wick" down to the Aqua LOWER B-Band. Which is in close
proximity to the 0.382 FIB Retrace Level at $1.03573. If Blue
LSMA manages to "close" below Level 50 shortly afterward,
this will increase the odds to fall to the Orange LOWER B-Band.
Which is in close proximity to the 0.5 FIB Retrace Level at $0.89
BLUE TEXT BUBBLE:
1. Let's see what the Red RSI (Relative Strength Index w/specific inputs) look like at the "close" of
the NEXT 12 hour candle.
2. Let's see if the Green Line (Exponential Moving Average - EMA w/specific inputs) will turn back
down between now and the "close" of the NEXT 12 hour candle.
3. Let's see if the White Energy (Exponential Moving Average - EMA w/specific inputs) can manage
to get "higher" than the Green EMA. If the White EMA manages to get higher than the Green EMA,
the "odds" are high the next turn up can be a Lower-High than the Previous High. I think the
White EMA would fall deeper with the Green EMA if the price action were to drop significantly in
a single 12 hour candle. THEN we would need to pay attention to see if the White EMA gets "higher"
than the Green EMA. The purpose for checking to see if Green EMA higher than White EMA or visa-
versa, is to also determine the "potential" for CONTINUED downward pressure.
4. REMEMBER: The Red RSI falling "below" Level 50 is a Downward Pressure RACE "trigger" event.
Which means we must assume DOWNWARD PRESSURE CONTINUES until the White EMA "closes"
ABOVE Level 50 in the 12 hour BEFORE the Red RSI can cross "below" Level 50 in the 24 hour.
GREEN TEXT BUBBLE:
The FIB Retacement Levels (above) are by no means implying a long (drawn out) decent.
I'm simply providing what the "percentages" are a different FIB Retracement Levels to
allow you to get a price range to "Lick it Up."
IMPORTANT: Be sure to divide up your capital you are using for trading Cardano into
approximately 10-Parts and use those "parts at different "percentages" when"trading"
with your available capital "ON" trading exchange. Your capital (divided
into 10-Parts) can be used to "Dollar Cost Average" at different points on the way down.
WHITE TEXT BUBBLE:
If the Red RSI were to "close" below Level 50 in this 12 hour
time frame, the "odds" will be higher to fall within "proximity"
of the White LOWER B-Band at a minimum with chance to
"wick" down to the Aqua LOWER B-Band. Which is in close
proximity to the 0.382 FIB Retrace Level at $1.03573. If Blue
LSMA manages to "close" below Level 50 shortly afterward,
this will increase the odds to fall to the Orange LOWER B-Band.
Which is in close proximity to the 0.5 FIB Retrace Level at $0.89
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UPDATE:
Accumulation Zones:
This implies holding more in reserve in buy orders at lower prices and more for market buy if FOMO kicks in. lol
The 0.382 FIB Retrace Level may act as support for a little while. We'll see if it holds in the future.
BOTTOM LINE (For an "investor"): Look at any dip down into the 0.382, 0.5, 0.681 as a "gift" for what's to come. You are dollar cost averaging here.
A price move up above the 0.236 would require some serious decision making with reserves on standby as a market order. Depends on what the indicators look like at that time...
Have buy orders scattered between the 0.382 and 0.5 levels just in case.
Accumulation Zones:
This implies holding more in reserve in buy orders at lower prices and more for market buy if FOMO kicks in. lol
The 0.382 FIB Retrace Level may act as support for a little while. We'll see if it holds in the future.
BOTTOM LINE (For an "investor"): Look at any dip down into the 0.382, 0.5, 0.681 as a "gift" for what's to come. You are dollar cost averaging here.
A price move up above the 0.236 would require some serious decision making with reserves on standby as a market order. Depends on what the indicators look like at that time...
Have buy orders scattered between the 0.382 and 0.5 levels just in case.
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UPDATE:
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UPDATE:
24 hour time frame:
24 hour time frame:
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Obvious "DOWNWARD" Pressure "RACE" with the White Energy in the 90 min. time frame (Bottom; right of center chart) and the Red RSI in the 3 hr. time frame (Bottom right corner).
The Red RSI in the 3 hr. is likely to win this race.
We do NOT see Green higher than Energy in lower time frames. It's looking like we are still stepping down. However, don't be surprised to see the price aciton go down quite a bit still...