adamicius

$ADA @ 1st sight bullish consolidation. Is it though? Any ideas?

adamicius Diupdate   
BITTREX:ADABTC   Cardano / Bitcoin
The ride up from 400-500 sats was easy peasy, if you accumulated for some time before, but now it gets a bit tricky...

The rise was quite spectacular, and a correction or consolidation are to be expected.

Probability-wise, I still think "up" but am very careful.

Input welcome.
Komentar:
Testing resistance again...
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Initially rejected, but buy pressure is strong. Might break through.
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We have a breakout!!! Let's enjoy the ride.
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Ok. Hold your horese. Still grappling with the resistance at 1255...
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Hugging the trendline - so kind of a make or break moment - for the short term.
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technically trendline breached downside, but possibly it wasn't drawn precisely enough. Also, there's the kumo support to deal with...
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posted a zoomed-in version of the consolidation/distribution (whatever it turns out to be)

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How much longer I wonder?
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Price frozen in a single horizontal line...
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yet another resistance test!
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not over yet. the only thing to note is that so far there seems to be more buy volume than sell volume - but that can sometimes be misleading...
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following morning. noting much new, but seems constructive.

there are two waves whales acumulate
1. tank the price, scoop up cheap coin, pump the price
2. keep the price in a tight band and trade between support & resistance

this is the latter case - we literally touched resitance 5 or 6 times already
Komentar:
aaaaand... down we go again to support - seems interminable...

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