Like most main cryptos, ADA has completed 5 primary waves to end cycle I in Sept 2021.
Classic EW 5 wave structure.
It's taken a massive dump since in a major correction still in progress to correct entire cycle started off the covid lows.
Had a great runup with massive ROI, should make a great push higher in cycle III once cycle II correction has been completed.
If you are bullish on ADA, you will be happy if reaches lower target to bag at those low levels.
Keep in mind, below the 90c area, ADA has no established support levels until approx 15c area so if BTC projection target of 25k resumes bearish then ADA along with all cryptos will follow to revisit some very low lows.
This will be great opportunity to re-enter or reaccumulate your ADA position. Should never leave your main bag on market at local top without taking most in profits, unless you are trading on coin-margin and hedging to accumulate, thats a great option as well, otherwise the market will steal your profits. Crypto is extremely volatile, one month you can be a millionaires and next month you're not.
Target does seem low, but if BTC is gunna makes its move down towards the mid 20s than these low (calculated) targets should hit.
Could be great to short em and then bag em downtown.
NFA . DYOR.
Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know.
Tips are always welcomed :)
Thank you for viewing, sharing and safe trading to you all!
Classic EW 5 wave structure.
It's taken a massive dump since in a major correction still in progress to correct entire cycle started off the covid lows.
Had a great runup with massive ROI, should make a great push higher in cycle III once cycle II correction has been completed.
If you are bullish on ADA, you will be happy if reaches lower target to bag at those low levels.
Keep in mind, below the 90c area, ADA has no established support levels until approx 15c area so if BTC projection target of 25k resumes bearish then ADA along with all cryptos will follow to revisit some very low lows.
This will be great opportunity to re-enter or reaccumulate your ADA position. Should never leave your main bag on market at local top without taking most in profits, unless you are trading on coin-margin and hedging to accumulate, thats a great option as well, otherwise the market will steal your profits. Crypto is extremely volatile, one month you can be a millionaires and next month you're not.
Target does seem low, but if BTC is gunna makes its move down towards the mid 20s than these low (calculated) targets should hit.
Could be great to short em and then bag em downtown.
NFA . DYOR.
Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know.
Tips are always welcomed :)
Thank you for viewing, sharing and safe trading to you all!
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