ADAUSDT: Quick Update for the 3h, 12h, 24h and 2-Day Time Frames

We need the Blue LSMA in the 3h to cross above level 50 and continue higher; resulting in the B-Bands potentially expanding even more and encouraging the price action to continue higher.

We need the Blue LSMA in the 12h to cross above level 50 and continue higher; resulting in the B-Bands potentially expanding even more and encouraging the price action to continue higher.

We need the Red RSI and Blue LSMA in the 24h to continue higher above level 50 and we need the Green Line to get higher than the White Energy to promote "bullish sentiment" and to promote expansion of the B-Bands in the 24h time frame.

We need the current 2-Day candle to "close" with the Red RSI and Blue LSMA making contact with the Green Line WHILE the Green Line is going up; indicating upward pressure. We may have to wait and see if the next 2-Day candle beginning in approximately 45 minutes will also result in the UPPER B-Band Expanding and the expansion continues.

Here's a screenshot of the 3h, 12h, 24h and 2-Day Time Frames (from left to right) once again.

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In case you are a new follower and wondering WHY I'm providing this update; it's in relation to a previous publication that was "PUT ON HOLD" until we could see how the indicators played out in the 12h, 24h and 2-Day time frames. Here's that previous publication; titled, "ADAUSDT: $0.67 to $0.94 Between February 6th to 18th Explained."

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2-Week Time Frame:

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1-Week (Weekly) Time Frame:

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We are NOT out of the woods just yet. It would be good to see what the Green Line does this NEW 2-Day Candle and the next 2-Day candle before getting our hopes up too soon.

2-Day Time Frame:

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In case you're wondering why I'm saying we will have to wait until the current 2-Day candle and possibly the next 2-Day candle to know for sure just yet if we are legging up; this could potentially be a bull trap. The only way to avoid getting burned by this is to trade in multiple groups of time frames as I've pointed out in recent previous publications.

Meaning, you would use the Short Term Group of time frames as a Compass and the Scalping Group of time frames for more precise opening and closing of margin positions with one third of your capital set aside for trading ADAUSDT.

You would use the Near Term Group of time frames as a Compass and the Short Term Group of time frames for more precise opening and closing of margin positions with another third of your capital set aside for trading ADAUSDT.

The final third of capital should have already been used for accumulating Cardano a long time ago. If you have not used that final third for accumulating actual Cardano, I recommend dividing it up into a minimum of four parts and exercise dollar cost averaging technique.

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UPDATE:

IF Upward pressure continues, there is no guarantee the price action must go up significantly during a period of upward pressure. This could go sideways and end up acting more like a time correction before falling rather than legging up to FIB Extensions. However, if we do continue pushing up with the price action, the first target would be the 1.618 at $0.563. If we reach the 1.618 and upward pressure remains, the next target would be the 2.618 at $0.769. If we reach the 2.618 and upward pressure remains in the indicators, the next target would be the 3.618 at $0.975.

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Here's a pulled back view of the 2-Day to allow you to see the Diagonal Trend Lines:

Here's a close up view:

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Simply brain storming here...

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Here's Scenario #1 with the 4-Day Time Frame:

Here's Scenario #2 with different 0.0 and 0.618 FIB Coordinates to get different 1.618 and 2.618 FIB Extensions in the 4-Day and adjusted the Bollinger Bands a bit more.