ADAUSD: Potential Down to 90 Cents Then Up to 95 Cents or Higher
Hi Everyone! We are currently experiencing downward pressure in the short term group that could take us down to the B-Band Basis at $0.90 in the 4-hour time frame or White/Aqua Lower B-Bands in the 2-hour at $0.90. We still have a LOT of downward pressure in the higher time frames that suggest we still have a lot of work to do to turn this around. Are we beginning accumulation sideways yet? That remains to be seen. We have no indication of that just yet. We are also waiting for a new candle to begin in approximately 13 hours for the Daily, 2-Day, 3-Day, 4-Day, 5-Day and 6-Day time frames. At which point, we will get new updated indicators to see if we can get an idea if we run back up to $0.95 cents from $0.90 cents; if we do continue down to $0.90 cents.
Hope this was helpful...
Happy Trading and Stay Awesome!
David
Hope this was helpful...
Happy Trading and Stay Awesome!
David
IMPORTANT UPDATE:
ADAUSD: Looks Like $90 Cents Avoided With More Upside Continuing