I continue to monitor a potential distribution on ADA, focusing primarily on finding an accumulation to push the price back to the highs. In this local 5-day range, I'm waiting for a confirmation/invalidation of this distribution to deviate the low and accumulate. The extreme supply looks good for a model 2, but a model 1 could also be possible. Confluence via BTC and USDT.D would be ideal. Since the preplanning extends far into the future, I will most likely adjust this again if I have time.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.