When moon sir? Not yet, but ADA is getting ready to consolidate and then bounce off strong support.
ADA completed a clean 8 wave cycle and it should begin consolidating soon. Please use the think blue line as your SL strategy, if we go below that strongly, you might want
to reconsider your position.
Targets:
TP1: 3500-3700
TP2: 4500-4700
TP3: 5500-5700
TP4: 7100-7300
TP5: 8900-9200
Elliot wave drawn in yellow is simply an example of what to expect. It doesn't have to follow that path or time frame. What matters is the price action.
ADA completed a clean 8 wave cycle and it should begin consolidating soon. Please use the think blue line as your SL strategy, if we go below that strongly, you might want
to reconsider your position.
Targets:
TP1: 3500-3700
TP2: 4500-4700
TP3: 5500-5700
TP4: 7100-7300
TP5: 8900-9200
Elliot wave drawn in yellow is simply an example of what to expect. It doesn't have to follow that path or time frame. What matters is the price action.
Note
We have reached key support just as charted. I expect a bounce but the reversal is not clear just yet. You could potentially open a quick long at this point or do like me and wait for confirmation.Trade closed: stop reached
Broke support. Next support around 1400 sats.
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Related publications
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.