ADA looks to be topping out here along with Bitcoin. In tandem with Bitcoin retracing back to at least 20K, ADA could lose 90%+ from the top and provide an excellent entry. Of course ADA could have a final surge, but it looks fragile and topping in similar manner to Bitcoin. Target for entry is currently around $0.12.
Comment:
A sea of bullish ADA threads on TV. No-one is looking down.
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ADA could potentially be setting up a first impulse to the downside with wave 1 and 2 already complete. Targeting log based 1.618 fib which would be a wave 3 at around $0.6.
This is not a call to short. I do not recommend to short ADA. If price moves above $1.55 the setup is invalidated.
This is not a call to short. I do not recommend to short ADA. If price moves above $1.55 the setup is invalidated.
Comment:
Impulse invalidated. As I said it could have a last surge and it is. I would imagine it can go far right here but its not for me. Price will be down from time of call in the not too distant future. Good luck to longs, don't forget to cash out.
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ADA may have had a last surge, but it won't escape the bear market. It is about to get CRUSHED.
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First target hit and I think my final target gets hit also. As I said a year ago - CRUSHED. Its different this time 😄.
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On target 😼.
Comment:
On target.
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