ADAUSD: We Still Have Potential There for $1 and 31 Cents
Hi Everyone! Potential is there to continue going up toward $1.31. Look at the 4-Day (bottom left corner) and 8-Day (bottom left of center). 4-Day still has potential to continue up to the Aqua UPPER B-Band at $1.316. The B-Band Basis in the 8-Day at $1.31 is also doable. The problem is trying to make it up to the white/aqua upper b-bands in the 8-Day. Why? Because the Blue LSMA in the 8-Day is still quite a ways below Level 30. We still have 1-Day 12-hours remaining in the current 8-Day candle. Let's see where the Blue LSMA is the NEXT 8-Day candle.
The Red RSI is above Level 50 in the 3-Day time frame (bottom right corner). This means upward pressure continues until the White Energy comes back down to or near Level 50 in the 3-Day. So, we still have upward pressure remaining. Which can result in sideways at worst and/or upward at best until the White Energy in the 3-Day comes back down to or near Level 50.
Happy Trading and Stay Awesome!
David
The Red RSI is above Level 50 in the 3-Day time frame (bottom right corner). This means upward pressure continues until the White Energy comes back down to or near Level 50 in the 3-Day. So, we still have upward pressure remaining. Which can result in sideways at worst and/or upward at best until the White Energy in the 3-Day comes back down to or near Level 50.
Happy Trading and Stay Awesome!
David
