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

1 Ara 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 Ara 2017

Not

Testing resistance again...

1 Ara 2017

Not

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

1 Ara 2017

Not

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

1 Ara 2017

Not

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

1 Ara 2017

Not

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

1 Ara 2017

Not

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

1 Ara 2017

Not

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

1 Ara 2017

Not

How much longer I wonder?

1 Ara 2017

Not

Price frozen in a single horizontal line...

2 Ara 2017

Not

yet another resistance test!

2 Ara 2017

Not

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 Ara 2017

Not

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 Ara 2017

Not

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