WyckoffMode

More Downward Pressure Looks Likely Till Feb. 15th to 26th

BINANCE:ADAUSD   Cardano
The 3-Day and 4-Day time frames seem to indicate downward pressure could continue until as late as February 26th to as late as the 4-Day candle beginning on March 2nd. Yes, we may see stints of upward pressure in the lower time frames while time is allowed for the Blue LSMA in Godmode on the 4-Day TF to come down and time for the Stochastic RSI along with the Phoneix ARI to come down to 0.0% level in the 4-Day TF. Which means we may not see a "significant" move to the upside until as soon as February 15th or as late as March 2nd.

Do I consider the current price a good time to begin accumulating? It's my opinion that now is not a bad time to begin accumulating. Especially, if you have large capital and you need lots of time to accumulate without driving the price up too much.

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