Trading range to be expected here before breakout. Timing is almost perfect as Football Season comes into full swing. Hope to see this trade in a new price discovery area in the near future.
Looks like ADA, among other Alts are in the secondary test of Phase B in the Wyckoff. Could this be the accumulation phase before trying the last point of support?
BTC, ADA, VET, etc., etc., appear to be all inline with the Wyckoff cycle for now. Currently in the beginning of Phase B setting up for a secondary test and shakeout for the spring test. Long position IMO is $45K with lower support at $32K. True Strength Index might only be trending up slightly to transition into the last point of support before a return back to the creek.
Appears whales have grabbed up VET to take control. Now lining up with ADA and other Top projects. Phase B of Wyckoff also likely testing SP2 area. True Strength Index pushing possibly for long position but descension still finishing up.
It appears the whale patterns started surfacing in April. Here is a head a shoulders scenario going into May along with the Myckoff possibly testing SP2 in Phase B. Also hitting the 20 day MA twice possibly setting up for a third hit. Lower volume witnessed on this transition into Phase B.