My current count has us working on a triangle for the 4th wave. Triangles commonly occur before the final 5 wave move of that degree, so as long as we don't brake down here we can expect one more push higher.
this also suggests that a very decent short opportunity is coming soon but we will cross that bridge when (and if) we get there.
. There is a possibility of temporary retracement to suggested support line (0.00001215). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. ADABTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
ADAU20 contract is moving short term inside a bullish channel. Recently got rejected in 1000 SATs area before dumping to 950 SATs.
It bounced on key levels which are my current entry point. Given fundamental interests in play, such as Shelley Hard Fork upgrade which will ultimated end of this month, can see only upside with this coin.
Will accumulate at any dip...
. There is a possibility of temporary retracement to suggested support line (0.0785). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. ADAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
On ADA we have had very nice institutional price action... ATM there is plenty of IPA marked in my purple boxes and I predict this to go up till that zone I've marked with my White Line....
What will it do after determines on the structure it makes before comming up to this zone.
It is Bullish over all and I do see the price coming back to those highs... Its just...
looks to me like ada is close to completing a Flat correction.
if we assume that its completed 5 waves up on the higher degree, then we have a conservative count that at least would give us an ABC for the X before the next leg down.
the bullish outlook would have the flat complete the 4th and begin a new impulse for the 5th, but i'm not betting on that count...
ADA/BTC has double bottomed at a key zone. This alt will fly soon and this sure looks a good entry. I would buy and hold, instead of putting a SL in place. Wicks will take you out a good trade otherwise