ADA.USDT (Y22.P1.E4).Macro Accumulation levels

Hi All,

#ADA or #CARDANO is likely to find accumulation taking place at this level where historically its shown to be a strong support level.

I have place a generic Wyckoff accumulation pattern to reflect on what BTC can possible do as well, in syync

For those are familiar with elliot wave theory, we have completed wave 5 to the downside and created a higher low if its to hodl and then its a matter of what accumulation would look. We have reached a local top as per the chart and now another midterm correction, accumulation and up we go again.

NOTE: in red dotted lines, a broadening wedge with point E as accumulation and hence another bullish structure.

The RED scenario is still on the table as we have no clear signal with BTC dominance chart on what direction.

I'll leave it here with one thing for you to ponder on, can we have a wick down like these 2 occasions which is a possibility if BTC drops as well. This is historically a demand level.


Please give me a like and share.

All the best

S.SAri

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