ADA in possible last correction wave before next Impulse?

31 thg 3, 2021

ADAUSD





Working mostly from 1D chart and using *fib charts above and below ( 3D, 5D, 8H, and 5H). I will check the lower times for confirmation or signs of momentum. IE: Steep slopes

The Blue line represents the 1D Impulse wave with the estimated correction wave on the end.
I used fib retracements to approximate a potential location of the low and the next high in the beginning of the next impulse wave.

The White line is from 5H timeline, to see the fractal impulse waves in a lower timeline. Upper timelines don't contain enough overall information.

Volume has been low and the last week has been fairly sideways.

The VPVR:
(1) & (4): Volume Area Down is greater
(2) & (3): Volume Area Up is greater

Looking at the VPVR from the prior uptrend shows what kind of Volume area ADA might need to get that kind of momentum again.

NEWS and Other factors
I've read that March is a consolidation month and it typically slows growth down.
NFT announcements have spurred a lot of new interest but also potential scams with NFTs.

My plan, NOT advice for you to blindly follow
I will be waiting for volume confirmation or other indicators to tell me if we're about to spike down or up.
I am waiting for this last dip that I'm expecting, then I'll buy and go long for the first wave of the next impulse wave.

31 thg 3, 2021

Ghi chú

I was hoping to have all the images displayed in the main panel. I'll work on making sure I do that next time I post an Idea. This is my first. Sorry for some of the unforeseen formatting issues by me.