Still accumulating, slowly.
Updated
As some asked for an update on ADA. Here let's see how the cycle moved the last 7 days, even if did not do nothing much.
Here's the original idea, still valid + with way more details.
I still do think we are going to 3., and we still need to break upside 2.40 on SOS to have the confirmation we are in fact moving toward 3.
2.10 has been holding nicely, and as we can see bellow we even seeing some slight absorption of supply. But a spring did not happen yet to test lower zones, and selling interest is still present, which is keeping us stagnant. And an increase of it with a break under 2.10 would make me expect a test to the 2. area. Or even still some more movement to the right till it is really getting absorbed.
And again, it will be updated as price move further through the cycle.
Here's the original idea, still valid + with way more details.
I still do think we are going to 3., and we still need to break upside 2.40 on SOS to have the confirmation we are in fact moving toward 3.
2.10 has been holding nicely, and as we can see bellow we even seeing some slight absorption of supply. But a spring did not happen yet to test lower zones, and selling interest is still present, which is keeping us stagnant. And an increase of it with a break under 2.10 would make me expect a test to the 2. area. Or even still some more movement to the right till it is really getting absorbed.
And again, it will be updated as price move further through the cycle.
Note
price is on forever testing of it's spring, so there's obviously not enough demand for now to ake it interesting, or initiate buy positions.Note
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.