WyckoffMode

Short Term: Sideways at Best and Downward at Worst...

WyckoffMode 已更新   
BINANCE:ADAUSDT   Cardano / TetherUS
I'm not prepared to draw a conclusion for Near Term, Mid Term or Long Term TA based on what I'm seeing in the indicators currently. Hence, ONLY providing SHORT TERM TA at present until we can see what occurs with the White Energy and Green Line in the 12h Time Frame.
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Wanted to provide a look of the FIB ReTrace target in the Daily (24h):
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REMINDER: It's STILL POSSIBLE for ADAUSDT to continue sideways within a relatively tight trading range for a long period of time during this period of downward pressure. Meaning, it's POSSIBLE for the price action to continually bounce off the 0.382 or even my 0.321 FIB ReTrace level until mid to late September.
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Simply posting this for future reference:
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FIB STUDY... First study with FIB SET BASED ON LOG SCALE:

Second study with FIB SET "NOT" BASED ON LOG SCALE:
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Posting this 24h (Daily) Chart for future reference in my FIB study DURING a LONG term "Bull" Trend.

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This chart in THIS POST is using the Fibonacci Tool BASED ON "LOG" SCALE. The Previous chart is NOT BASED on Log Scale.


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