ADA Weekend Outlook until Monday
Updated
Happy Friday everyone, I hope you enjoy your weekend! Here we have a beautiful weekend of weather to expect, so I am excited to get out and be in the sun!
Today I will give more of a textual explanation of what I've been seeing over the last week.
Keeping an eye and waiting on more confirmation from lower timeframes as they propagate through the later timelines.
I am still expecting to see ADA drop to 1.11 before going into it's next uptrend. But this is based on my prior analysis. I could be wrong! I don't have the time stone. ;)
My plan
I have some ADA that I will short IFF it drops below support. Otherwise, once it's apparent it can break the upper resistance, I'll buy for a new long.
*This is not advice*
Today I will give more of a textual explanation of what I've been seeing over the last week.
- Volume still isn't there. Looking at the VPVR and Volume for both charts, compared to the history of ADA's uptrend, I don't think we can expect it in the next few days.
- VPVR, the area down (RED VALUES), appears to be the why ADA is holding at this price fluctuation (1.18 - 1.21).
- The weekends for the last month have been quite. This doesn't mean it always will be. But, not much has happened in the weekends expect downtrends.
- 1D has a positive slope for money flow. MACD slopes are flat.
- 5H has a decreasing money flow. MACD is flat, Std. MACD below zero.
Keeping an eye and waiting on more confirmation from lower timeframes as they propagate through the later timelines.
I am still expecting to see ADA drop to 1.11 before going into it's next uptrend. But this is based on my prior analysis. I could be wrong! I don't have the time stone. ;)
My plan
I have some ADA that I will short IFF it drops below support. Otherwise, once it's apparent it can break the upper resistance, I'll buy for a new long.
*This is not advice*
Note
Theres been a Large volume spike in the 15M and so, I am now watching ADA at the smaller timeframes to see if it will continue or not.Note
The forward momentum on the smaller time lines seems to lessoning. I don't expect it to go higher, it will probably continue to bounce around the area it has been.Still keeping an eye out though.
Note
Woke up in the middle of the night, and as I expected, it died down and is leveling out again for a typical weekend playout.Remember, be patient and look into the 'future' by looking at the higher timelines. Don't rush into anything but always make sure you feel good about the decision you are about to make.
Enjoy the weekend!
Note
Good Morning.Looking at the lower time frame, 5M 15M, the RSI/MFI are going to into a decrease and the MACD looks like it's going to cross. Volume has been decreasing over the timeline.
VPVR still has a large area of resistance just above the price line.
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