ADAUSDT in Mid Term Period of Stair Stepping Down in My Opinion.
As pointed out in the video; the 2-Week and 3-Week Time Frames still have more room for downward pressure. Which means if we see periods of upward pressure in lower time frames, they likely will NOT result in significant move upward in the price action. At least NOT up to higher high then the most recent high of $0.15464 on Binance. I'm labeling this a "Short" position for the MID TERM. Do "NOT" assume I'm saying to short for the short term time frames (90m, 180m, 360m and 720m time frames). It's still POSSIBLE to go a little higher before resuming our "Stair Stepping Down."
הערה:
UPDATE:
One more chart for future reference. We have the Daily on the left and right. The difference between the two charts are the FIB Re-Tracement. The Daily Chart on the left is a FIB Re-Trace "NOT" Based on Log Scale. The Daily Chart on the right is a FIB Re-Trace "WITH" the FIB setup "Based on Log Scale." The chart on the left and right are in LOG Scale. This FIB Re-Trace study is not completed yet. I'm leaning more towards using FIB Re-Trace setup "Based On Log Scale" on a Log Scale Chart for the ADAUSDT pair. It makes sense because AltCoin/USD pairs tend to have larger percentage swings than BTCUSD.
One more chart for future reference. We have the Daily on the left and right. The difference between the two charts are the FIB Re-Tracement. The Daily Chart on the left is a FIB Re-Trace "NOT" Based on Log Scale. The Daily Chart on the right is a FIB Re-Trace "WITH" the FIB setup "Based on Log Scale." The chart on the left and right are in LOG Scale. This FIB Re-Trace study is not completed yet. I'm leaning more towards using FIB Re-Trace setup "Based On Log Scale" on a Log Scale Chart for the ADAUSDT pair. It makes sense because AltCoin/USD pairs tend to have larger percentage swings than BTCUSD.
הערה:
UPDATE:
Just completed a video publication for ADAUSDT. It's currently uploading...
Once the upload has completed, I'll provide a title and add a bit in the description before posting. This may take up to 10 minutes to complete.
Just completed a video publication for ADAUSDT. It's currently uploading...
Once the upload has completed, I'll provide a title and add a bit in the description before posting. This may take up to 10 minutes to complete.
Simply posting this Daily chart for future reference to see we actually did see the price action drop as anticipated. The current FIB Re-Trace you see on this LOG SCALE CHART is setup with "FIB's Based On Log Scale." It's POSSIBLE we continue to fall to the 0,786 FIB Re-Trace at $0.08229. I'll post another video publication soon for ADAUSDT to see the likelihood or lack thereof with a continued drop to the 0.786 FIB Re-Trace.