ADA: Must Conclude Distribution Continues Here is Why

Hi Everyone! We must conclude Distribution continues. If Distribution continues, this would mean we are looking at ANOTHER Sign of Weakness in Phase E of our Distribution Schematic. Why? Because we have ranged sideways several 3-Day candles AFTER falling down with a Sign of Weakness in Phase E. Since we have "ranged sideways" AFTER this Sign of Weakness; we must conclude this "ranging sideways" could be our "Selling Climax" in Phase A of Accumulation. Did you know a Selling Climax in Phase A of Accumulation is also a Sign of Weakness event in Phase E of Distribution? ALWAYS REMEMBER: Phase A of Accumulation and Phase E of Distribution ALWAYS OVER-LAP.

Where could we fall down to with another Sign of Weakness event in Phase E? Well, I'm still leaning toward $0.28 to $0.235 range. Could we fall further? Sure, it's possible. But I'm leaning toward $0.28 to $0.235. Which is somewhere between the upper and lower boundary of the RED Descending Channel drawn on my 2021/2022 Distribution chart.

Hope this was helpful...

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Happy Trading and Stay Awesome as Always!

David M Ward Jr.

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UPDATE:

2021/2022 Distribution Schematic:

Risk for Stage 1 Expansion Down in the next 8-hour candle. Risk for Stage 2 Expansion Down the next 4-hour candle:

Risk for Stage 1 expansion down soon in the 12-hour and 24-hour time frames.
Risk for Stage 2 expansion down soon in the 2-Day time frame.
Risk for Stage 3 epxansion down soon in the 3-Day time frame.

Risk of Stage 2 Expansion Down in this 10-Day time frame. This "expansion down" could take us down potentially to the Orange Lower B-Band at $0.235.