$ADA @ 1st sight bullish consolidation. Is it though? Any ideas?

1 Dis 2017

The ride up from 400-500 sats was easy peasy, if you accumulated for some time before, but now it gets a bit tricky...

The rise was quite spectacular, and a correction or consolidation are to be expected.

Probability-wise, I still think "up" but am very careful.

Input welcome.

1 Dis 2017

Nota

Testing resistance again...

1 Dis 2017

Nota

Initially rejected, but buy pressure is strong. Might break through.

1 Dis 2017

Nota

We have a breakout!!! Let's enjoy the ride.

1 Dis 2017

Nota

Ok. Hold your horese. Still grappling with the resistance at 1255...

1 Dis 2017

Nota

Hugging the trendline - so kind of a make or break moment - for the short term.

1 Dis 2017

Nota

technically trendline breached downside, but possibly it wasn't drawn precisely enough. Also, there's the kumo support to deal with...

1 Dis 2017

Nota

posted a zoomed-in version of the consolidation/distribution (whatever it turns out to be)

1 Dis 2017

Nota

How much longer I wonder?

1 Dis 2017

Nota

Price frozen in a single horizontal line...

2 Dis 2017

Nota

yet another resistance test!

2 Dis 2017

Nota

not over yet. the only thing to note is that so far there seems to be more buy volume than sell volume - but that can sometimes be misleading...

2 Dis 2017

Nota

following morning. noting much new, but seems constructive.

there are two waves whales acumulate
1. tank the price, scoop up cheap coin, pump the price
2. keep the price in a tight band and trade between support & resistance

this is the latter case - we literally touched resitance 5 or 6 times already

2 Dis 2017

Nota

aaaaand... down we go again to support - seems interminable...