Cardano is Getting Close to Potential Reversal to the Upside!
Posting 2-Day Cardano chart again for easier reading of text bubbles and proper presentation:
It can be difficult at times to nail it on the possible date of a reversal when using high time frames. I've found one can get rather close when using the indicators I'm using. I'm simply pointing out we are certainly approaching that time for reversal to the upside with ADAUSDT.
I'm about to do a couple of things before heading to the post office. I'll post another chart or two with lower time frames when I get back.
It can be difficult at times to nail it on the possible date of a reversal when using high time frames. I've found one can get rather close when using the indicators I'm using. I'm simply pointing out we are certainly approaching that time for reversal to the upside with ADAUSDT.
I'm about to do a couple of things before heading to the post office. I'll post another chart or two with lower time frames when I get back.
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Sounds like good news from Charles moving forward: www.youtube.com/watch?v=brmocm3t...
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A quick look at the 2-Day chart to see how the Green Line, Red Relative Strength Index and Blue Least Square Moving Average (LSMA) may "potentially" play out and result in a significant move beginning on or around November 1st.
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You can compare this Daily (1440m) TF to the one I posted on October 10, 2018 to see the progression of how the Blue LSMA has come down and getting close to the 20% level. Which is where I'm expecting a reversal to upside pressure. It still looks like we may find the 20% level on or around November 1, 2018 when looking at the Daily (1440m) TF.
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Pardon the one more quick note:
Don't be surprised if we see one more drop to the downside to act as a "shakeout" of sorts. This will only be a bear trap in my honest "opinion." I'm "not" saying a "shakeout" will actually occur. However, it's beginning to look likely. I don't expect a very deep drop. Only enough to stir up emotions before reversing to the upside.
Don't be surprised if we see one more drop to the downside to act as a "shakeout" of sorts. This will only be a bear trap in my honest "opinion." I'm "not" saying a "shakeout" will actually occur. However, it's beginning to look likely. I don't expect a very deep drop. Only enough to stir up emotions before reversing to the upside.
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Posting the Daily (1440m) TF once again to allow you to see the progress of the indicators on the Daily compared to the Daily when it was posted on October 24.
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One more important note on Cardano (ADA): When looking at this 2-Day TF, it's possible Cardano may wait until around November 9th before going up as opposed to November 1st. Either way, I see it reversing significantly to the upside between November 1st and November 9th.
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The Stochastic RSI has dropped quite a bit in the 2-Day TF since this most recent drop. Meaning, it has changed the angle of decent to put a reversal back on line with possible reversal on or around November 1st rather than a week later on November 9th. Which see:
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November 1st Bull Run beginning on November 1st appears to be on schedule according to this Daily TF update:
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We use HIGH Time Frames to get an idea of WHERE we're going. We use LOWER Time Frames to get a confirmation on what the HIGH Time Frames are telling us. We use VERY LOW Time Frames for more precise entry or exit gained from what the HIGH and MEDIUM Time Frames were telling us.
Here's a MEDIUM TF (12h):
Here's a MEDIUM TF (12h):
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2-Day TF:
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Two (2) Possible Scenarios in this Wyckoff Distribution Schematic #2 in this 2-Day TF:
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One more additional note and possibility in RED:
This transition into PoS will encourage more to gravitate towards Cardano solely for that purpose (staking/dividend) and provide the ability for Cardano to find a higher low on the next pump and dump. Meaning, when it comes down to find a new low AFTER a significant pump by year end, its new low should be quite higher than current price before we see a Mark Up begin in the Spring of 2019. I would not be surprised if this is our last chance to buy Cardano this cheap again before November 1st. Accumulate at these low prices while you can in "my opinion."