Gann wrote about a few specific dates in his books and one of them was August 8th. He said of August 8th, "47 days from June 22nd, very important for a change in trend and watch for tops or bottoms."
The fact that we have made new lows/highs or have returned to the lows/highs of the year is important, especially because of this date. The time cycle itself is enough of a reason for a reversal.
And this is not reserved just for ADA , it applies to the entire cryptocurrency market.
It applies to Forex as well, specifically pairs like AUDUSD 0.23% , NZDUSD 0.33% , GBPUSD -0.39% , and USDJPY -0.35% . - the DXY -0.13% in general.
It also applies to the US equity markets.
The fact that we have made new lows/highs or have returned to the lows/highs of the year is important, especially because of this date. The time cycle itself is enough of a reason for a reversal.
And this is not reserved just for ADA , it applies to the entire cryptocurrency market.
It applies to Forex as well, specifically pairs like AUDUSD 0.23% , NZDUSD 0.33% , GBPUSD -0.39% , and USDJPY -0.35% . - the DXY -0.13% in general.
It also applies to the US equity markets.
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