ADA: Has Transitioned from Phase D into Phase E

Hi Everyone! I'm anticipating the peak of this Sign of Strength event in Phase E to get us to at least $1.055 to $1.095 at a minimum. It's possible to continue higher but I want to see us make it to $1.055 to $1.095 price range first and then have a look at our White Energy in the 1-Week, 2-Week and 3-Week time frames to see how much upward pressure remains at that time; before pointing out whether or not upward pressure has exhausted or not. Which would let us know if we can or cannot go higher than $1.055 to $1.095 price range.

Red Line in the 8-Week time frame is above Magenta Upper Level 60 at level 62. Since the Red Line is above Magenta Upper Level 60, I'm anticipating the price going up to at least around the Magenta Upper B-Band at $1.099. However, we could continue higher to the White Upper B-Band at $1.32. As mentioned previously, let's see what the white energy looks like in the 1-Week, 2-Week and 3-Week when we make it to $1.099 before determining if we can go up to $1.32. Here's the 8-Week:

Comment:

UPDATE:

Don't be surprised if we have a brief pullback at the 2.618 FIB Extension around $0.85 cents before continuing higher to at least $1.055 to $1.095 price range.

Comment:

UPDATE:

Simply pointing out where $1.095 and $1.32 are located on my Diagonal Support/Resistance Line Chart for next ATH (All Time High). $1.095 at white dashed pitchfork basis and $1.32 at Purple Diagonal Line.