Long

ADA: 65 to 70 Cents Still Resistance for a While

Updated

Hi Everyone! Yes, we currently have upward pressure; which is likely to push us up to test $0.65 to $0.70 cents once again. However, we may see a pullback from $0.65 or $0.70 Cents once again. When we get a pullback, we will require $0.60 cents to "hold." But in order for $0.60 Cents to hold during a pullback, we would require the Red Line in the 3-Day, 4-Day, 5-Day, 6-Day and 1-Week to rise "above" White Level 60 to increase the odds of $0.60 Cents holding during a pullback. If $0.60 Cents can hold, this would increase the odds of us bouncing off of $0.60 Cents to finally go up substantially above $0.70 Cents with the "beginning" of a Sign of Strength to transition out of Phase D into Phase E of our Macro Accumulation Schematic.

Here is our Macro Accumulation Schematic:

Here is the 12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week:

I hope this publication was helpful.

Happy Trading and Stay Awesome!

David

Note

UPDATE:

1-Week time frame:

Note

UPDATE:

It's POSSIBLE it may still take a while to see a Sign of Strength transition out of Phase D into Phase E; as depicted with this triangle in the chart below. Yes, we could see a transition sooner than what is depicted. However, in order to determine if we can see a faster transition, we require patience to see how soon the Red Line in the 3-Day, 4-Day, 5-Day, 6-Day and 1-Week can get above White Level 70.

Note

UPDATE:

3-Week time frame:

RED TEXT BUBBLE:
In order to see the price go up with authority (velocity), we require Stage 2 Expansion Up.
In order to see Stage 2 Expansion Up in this 3-Week time frame, we need the following to
occur:

1. We require "both" the Red and Blue Lines to rise above White Level 70.
2. We require the Green Line above White Level 70.
3. We require the White Energy to rise above Magenta Level 60.

The current 3-Week candle has just begun; with 20-Days and 5-hours remaining at this
writing. You see the current levels of the Red, Blue and Green Lines; as well as the White
Energy. Unfortunately, we may have to wait until the Next 3-Week candle before we can
determine if we begin to go up with authority (velocity). It's POSSIBLE to continue ranging
sideways between $0.55 Cents and $0.60 Cents this entire 3-Week candle before finally
going up to the $0.65 to $0.70 Cent area and beyond. However, if we do go up to the $0.65
to $0.70 Cent area "before" the current 3-Week candle closes, you should anticipate a pull-
back to the $0.60 cent area. Mainly because we are not ready for Stage 2 Expansion Up in
the 3-Week time frame jus tyet.

BLUE TEXT BUBBLE:
Note: We did NOT go up with "authority" (velocity) in this 3-Week time frame that "sustained" for a long period of time
UNTIL we had "both" the Red and Blue Lines above White Level 70.

Note

UPDATE:

ADA: Additional Discurssion on Current Price Action

WyckoffMode

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