ADA Distribution Continues with Chance for 30 to 23 Cent Range

18 Okt 2022

Hi Everyone! As you can see by the indicators in many time frames; downward pressure is still very much in control with only a few time frames remaining for the Red and Blue Lines to fall below White Level 30. EXAMPLE: The 10-Day time frame needs the Red and Blue Lines to fall below white level 30 to increase odds for more downward movement with our price action. Here is the 10-Day time frame:

Here is our 6-Day time frame:


I hope this publication was helpful. Thank you for your TIME and support!

Stay Awesome!

David

18 Okt 2022

Catatan

21 Okt 2022

Catatan

UPDATE:

2-Hour Time Frame:


RED TEXT BUBBLE:

Red Line is below AQUA Level 10 [Synonymous with AQUA Lower B-Band]. Will the Red Line
rise above AQUA Level 10 to increase the odds for the price action to rise above AQUA Lower
B-Band this or the next 2-hour candle? Not looking like it...

Does this mean the price action can not rise above the AQUA Lower B-Band toward the WHITE
Lower B-Band? No, because if we do rise up from the AQUA Lower B-Band to the WHITE Lower
B-Band; we are likely going to see the WHITE Lower B-Band act as our CEILING OF RESISTANCE.

Why would the WHITE Lower B-Band act as our CEILING OF RESISTANCE if the price action were
to rise up from the AQUA Lower B-Band toward the WHITE Lower B-Band? Because the Red Line
is no where near in position to rise up above WHITE Level 30. The Red Line is currently BELOW
AQUA Level 10. We still have several 2-hour candle to go before the price could ORGANICALLY
rise up from the WHITE Lower B-Band toward the YELLOW B-Band Basis.

Since the Red Line is nowhere near in a position to rise above WHITE Level 10; we must conclude
we can not ORGANICALLY rise above the WHITE Lower B-Band.

Therefore, the WHITE Lower B-Band is our CURRENT CEILING OF RESISTANCE in the 2-hour.