Weekends are there for trying something new or just to get a fresh reminder.
Education
The rule of alternation: this principle holds that the market usually does not act the same way two times in a row (invalidates my last post, however, this was just an idea). If a certain type of top or bottom occurred the last time around, it will probably not do so again this time. The rule of alternation does not tell us exactly what will happen, but tells us what probably will not. Corrective patterns tend to alternate. If corrective wave 2 was a simple a-b-c pattern, wave 4 will probably be a complex pattern, such as a triangle. Conversely, if wave 2 is complex, wave 4 will probably be simple.
Cardano
Here we have ADA on the weekly bar chart from Kraken exchange. I have used the fib extension tool to provide potential targets in the future. Furthermore you can see if ADA rejects on the weekly time frame, it is likely that we are forming a complex pattern instead of a simple one which would catapult ADA to its next range between 1 and 1.618.
This is me for today. Hope you like it. Let me know in the comments below on what you think about Cardano, since it got listed on CoinbasePro recently.
Education
The rule of alternation: this principle holds that the market usually does not act the same way two times in a row (invalidates my last post, however, this was just an idea). If a certain type of top or bottom occurred the last time around, it will probably not do so again this time. The rule of alternation does not tell us exactly what will happen, but tells us what probably will not. Corrective patterns tend to alternate. If corrective wave 2 was a simple a-b-c pattern, wave 4 will probably be a complex pattern, such as a triangle. Conversely, if wave 2 is complex, wave 4 will probably be simple.
Cardano
Here we have ADA on the weekly bar chart from Kraken exchange. I have used the fib extension tool to provide potential targets in the future. Furthermore you can see if ADA rejects on the weekly time frame, it is likely that we are forming a complex pattern instead of a simple one which would catapult ADA to its next range between 1 and 1.618.
This is me for today. Hope you like it. Let me know in the comments below on what you think about Cardano, since it got listed on CoinbasePro recently.