Several Alts show the same picture as ADA' is showing here at the moment. The move up are getting weaker lately and it has turned into the shape of a bearish wedge. The volume is not perfect for a wedge though, also thinking about the holiday's the past 10 days or so, the volume picture might be even completely wrong. For now i think it's important to watch the range on the left, between the red and green zone. We can zee a small bullish wedge against a small H&S. I still think the past week might all be noise because of the holiday's, i am just not sure about it. A year ago there was no noise, but that was because the hype was extreme those days. So i would just stay open minded between the 2 levels and make your decision after it breaks.
My personal assumption is, the real direction of the market will be shown next week, from around Monday, assuming volume increases again.
Previous analysis:
My personal assumption is, the real direction of the market will be shown next week, from around Monday, assuming volume increases again.
Previous analysis:
