Gann wrote about a few specific dates in his books and one of them was August 8th. He said of August 8th, "47 days from June 22nd, very important for a change in trend and watch for tops or bottoms."
The fact that we have made new lows/highs or have returned to the lows/highs of the year is important, especially because of this date. The time cycle itself is enough of a reason for a reversal.
And this is not reserved just for ADA , it applies to the entire cryptocurrency market.
It applies to Forex as well, specifically pairs like AUDUSD 0.23% , NZDUSD 0.33% , GBPUSD -0.39% , and USDJPY -0.35% . - the DXY -0.13% in general.
It also applies to the US equity markets.
The fact that we have made new lows/highs or have returned to the lows/highs of the year is important, especially because of this date. The time cycle itself is enough of a reason for a reversal.
And this is not reserved just for ADA , it applies to the entire cryptocurrency market.
It applies to Forex as well, specifically pairs like AUDUSD 0.23% , NZDUSD 0.33% , GBPUSD -0.39% , and USDJPY -0.35% . - the DXY -0.13% in general.
It also applies to the US equity markets.
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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.
Disclaimer
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.