ADAUSDT Trending Up; Need About 5 to 6 More Days for Obvious
Hi Everyone! What's "Obvious?" The Up Trend will be "obvious" in 5 to 6 days for ADAUSD. ADABTC still has more work to do. Meaning the following: Even though ADAUSD is going up; BTCUSD is also going UP but at a higher percentage currently. EXAMPLE: If BTCUSD went up 10% and ADAUSD went up 5%, ADABTC will "drop" (fall) 5%. Even though ADAUSD was going up; ADABTC was falling. The only way possible for this to occur is if BTCUSD also goes UP but at a greater percentage gain than ADAUSD. We see the difference of those percentages reflected in ADABTC.
We are currently in a slow trend up and we are simply having to wait a bit longer before going up Exponentially. We will likely have to wait until November 15, 2021 before we see a significant exponential move to the upside. So, slowly trend up before seeing an exponential move up is my opinion.
I'm saying "Long" position for what I'm seeing in the Near, Mid and Long Term Groups of Time Frames.
Happy Trading and Stay Awesome!
We are currently in a slow trend up and we are simply having to wait a bit longer before going up Exponentially. We will likely have to wait until November 15, 2021 before we see a significant exponential move to the upside. So, slowly trend up before seeing an exponential move up is my opinion.
I'm saying "Long" position for what I'm seeing in the Near, Mid and Long Term Groups of Time Frames.
Happy Trading and Stay Awesome!
Diagonal FIB Study using 8-hour: