Hello friends! Today there are several new candles to take a look at. The picture remains complicated, but there are reasons to be optimistic and possibilities for accumulating more at a discount before reversal. The next 9 days will be interesting. Yesterday's forecast was for prices to fall as low as 1.25. Prices did not fall that far, finding support at...
Hello friends! In this video I take a look at several charts in short-term through mid-term. The picture is complicated. There is a mix of good and bad news, and plenty of risk in the next week. Key Observations Possibility of a rally around June 23 is remote, if not invalidated at this point Lower timeframes (<6H) suggest lower prices are likely,...
Hello friends! Yesterday prices fell a bit farther than expected, down to 1.37 rather than 1.42. Since then prices have returned to 1.42. The day is starting with a bit of a rebound, but this will need to translate into a rally that will take prices towards 1.50 or above. Despite yesterday's drop, the 2D and 3D continue to show the potential for a reversal and...
Hello friends! As expected, yesterday 1.50 was tested, and after breaking prices fell further. ADA established a bit of support around 1.45. The next 48-72 hours are an interesting mix of downward momentum with certain indicators rising. It is quite possible that a rally happen in next 3-5 days, bringing prices towards 1.81. In particular, green EMA has...
Hello friends! I am short on time today, so this will be a short update. As discussed and forecast in yesterday's video, in the 3H the Bollinger Bands expanded as the LSMA crossed below level 50, allowing prices to drop below 1.50. The 6H chart today has the potential for a similar crossover that could lead to lower prices. The region around 1.50 may have...
Hello friends! Today I tried to keep the video short. Here are the highlights: Discuss the crossover pattern in the 3H, which in this case is likely to lead to a drop in prices once the LSMA crosses below level 50 and B-bands expand. A good pattern to know Crossover down may cascade to higher timeframes intraday and led to prices testing 1.50 and...
Hello friends! Yesterday prices bounced from 1.50 to 1.59 as expected, however this did not result in a true test of the 1.60 level. There wasn't enough upward momentum to reach 1.60. Today prices may properly test 1.60, and if broken could rally towards 1.64. However, the upward momentum, while continuing, is rather weak as seen by the price movements in the...
Hello friends! In this video I discuss the recent bottom, downward momentum continuing to be in control, and if a major rally or leg up can be expected soon. I also spend time in the video giving a bit more information on the multi-timeframe analysis approach while using it to make a forecast for the next 2 weeks. Bottom in, for now... After dropping to 1.35...
Hello friends! Just a quick update on prices. Yesterday was a bouncy day. As expected, prices started up just above 1.50, then fell towards 1.43 hitting resistance at 1.40 before rebounding. Mid-day the broader market rallied almost 13% to 1.58 (close to the forecast of 1.60). Today has been similar with a drop to 1.50 and rebound to 1.58 4 Day Price...
Hello friends! Yesterday prices continued to consolidate down the 1.35, very close to the forecast of 1.34. Prices then rebounded and attempted, unsuccessfully, to regain 1.50. ADA is attempting to regain 1.50 as support early in the day, and may reach 1.52, but upward pressure is weakening. As the day progresses, prices could again fall back towards 1.43 The...
Hello friends! Yesterday's forecast was for prices to fall to 1.41, which it did after support at 1.50 was broken. Sustained consolidation has set in as expected. In today's video I look at today's price action, the next 2-3 days, and then longer timeframes. I also discuss the importance of analysis over multiple timeframes using the 6-day chart as an...
Hello friends! Several important candles will be closing tomorrow (e.g., the 9D), so I will focus on the next 24 hours in this update and save a more detailed analysis for tomorrow. Yesterday's forecast was for consolidation to resume after previous day's rally. As expected, prices did fall from 1.64 down to 1.50 before bouncing back slightly. Key indicators...
Hello friends! In today's video I discuss the daily forecast, but discuss the risk of consolidation that is evident in the 9-day chart. Today, prices are likely to stay under 1.65, though could rally a bit higher. Prices may range around the 1.60, though there will be increasing pressure for prices to return towards 1.50 or below. New 2D, 4D, and 5D charts...
Hello friends! Yesterday started with prices up, but late in the day prices fell to 1.60 and then 1.55, as forecast. Since then ADA tested 1.50 with a wick to 1.47. The 1.50 level appears to be holding for now, and ADA may reclaim 1.55, but this may not hold long. The 12H is indicating lower lows, and prices could again test 1.50, dropping to the lower...
Hello friends! In this video I look at ADA/USD from today through the next 12 days. Summary: Today - Continued range-bound action similar to yesterday, but with a test of 1.60 or 1.55 likely Next several days - More sideways action with downward bias sooner turning upward bias possible later 6D chart suggests upward bias that could take prices back to 1.80...
Hello friends! I found a small bit of downtime during my travels and thought I'd take the time to make a video about this new trading day, where prices might be going in the next several days, and a risk to be watching. Today, prices are starting down. This is not unexpected given the recent rise from the 1.30 low and with the white EMA hovering around level...
Hello friends! Yesterday surprised with a rally to 1.70. This was a possibility in certain charts, but the signal was not clear nor strong. It is a reminder that TA is far from perfect and that being prepared is vital. This is especially true with TA as changes in fundamentals can overcome even the strongest of signals. Rather than starting sustained upward...
Hello friends! In this video I look at the analysis of ADA after today's unexpected rally. The forecast at the start of the trading day is invalidated as ADA is once again above 1.55 and looks likely to hold those levels. Over the next few days, prices are likely to range between 1.55 and 1.75, which could pave the way to a rally to $2 or above next week. It...