Cardano / Bitcoin
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$ADA @ 1st sight bullish consolidation. Is it though? Any ideas?

726
The ride up from 400-500 sats was easy peasy, if you accumulated for some time before, but now it gets a bit tricky...

The rise was quite spectacular, and a correction or consolidation are to be expected.

Probability-wise, I still think "up" but am very careful.

Input welcome.
註釋
Testing resistance again...
註釋
Initially rejected, but buy pressure is strong. Might break through.
註釋
We have a breakout!!! Let's enjoy the ride.
註釋
Ok. Hold your horese. Still grappling with the resistance at 1255...
註釋
Hugging the trendline - so kind of a make or break moment - for the short term.
註釋
technically trendline breached downside, but possibly it wasn't drawn precisely enough. Also, there's the kumo support to deal with...
註釋
posted a zoomed-in version of the consolidation/distribution (whatever it turns out to be)

ADABTC - zooming in on the horizontal consolidation/accumulation
註釋
How much longer I wonder?
註釋
Price frozen in a single horizontal line...
註釋
yet another resistance test!
註釋
not over yet. the only thing to note is that so far there seems to be more buy volume than sell volume - but that can sometimes be misleading...
註釋
following morning. noting much new, but seems constructive.

there are two waves whales acumulate
1. tank the price, scoop up cheap coin, pump the price
2. keep the price in a tight band and trade between support & resistance

this is the latter case - we literally touched resitance 5 or 6 times already
註釋
aaaaand... down we go again to support - seems interminable...

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