This is my EW count for ADA.
It's crucial to understand that this might not continue up, so I insist that anyone taking this seriously should really obey the STOP LOSS and other warning lines drawn on the chart.
Anyways, I tried to explain that we might be in wave 4 of an impulse wave which would possible have an extended wave 5.
Possible targets for wave 5 have been plotted. 0,618 fib level is the strongest possibility.
If this wave 4 correction goes below 0,382 fib level, idea will most probably be invalid. So, fingers crossed for an opportunity for a nice dip close to that level.
The chart is HL2 so you should better be very careful about price and fib levels.
Good luck, play safe.
WARNING: I am not educated to be a financial advisor, so this idea CAN NOT be used as a financial advice. Please do your own research.
WARNING: This idea is only published at Tradingview and on my twitter and you DO NOT have my permission to republish this idea anywhere anytime.
WARNING: I am just learning technical analysis so I might do very big mistakes please be warned.
It's crucial to understand that this might not continue up, so I insist that anyone taking this seriously should really obey the STOP LOSS and other warning lines drawn on the chart.
Anyways, I tried to explain that we might be in wave 4 of an impulse wave which would possible have an extended wave 5.
Possible targets for wave 5 have been plotted. 0,618 fib level is the strongest possibility.
If this wave 4 correction goes below 0,382 fib level, idea will most probably be invalid. So, fingers crossed for an opportunity for a nice dip close to that level.
The chart is HL2 so you should better be very careful about price and fib levels.
Good luck, play safe.
WARNING: I am not educated to be a financial advisor, so this idea CAN NOT be used as a financial advice. Please do your own research.
WARNING: This idea is only published at Tradingview and on my twitter and you DO NOT have my permission to republish this idea anywhere anytime.
WARNING: I am just learning technical analysis so I might do very big mistakes please be warned.