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Cardano / Bitcoin

ADA/BTC near term (15m) Resistance zones: Cardano where is top ?

By EuroMotif
Mod
Updated
Quick chart to plot the upcoming Resistance zones.
Still looks very strong, 1600 sats would not be surprising.
But a retrace soon would make for a healthier uptrend.

Longer term I expect much higher prices of course, per this plan
ADA/BTC breakout could be BIG: Cardano 22-58 % minimum expected
Note
Clearly noticed that first resistance zone, but not showing signs of dropping yet snapshot nonetheless a good confirmation that other zones should be dependable as well, and ONE of them will be the top...

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Note
So that 6.618 zone was 'a' top. snapshot now, watching the pullback, I had hoped the 4.618 would hold, it is trying but was pierced. This may be wave A of an abc correction underway. Lets see if wave B plays out now ..

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Note
Under the microscope, looks like one more little leg down to complete 12345 snapshot if so, that will be good to see a well behaved wave. But still, likely A of an abc.

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Note
Hmm, guess it is also possible that 12345 is done, and wave B (with 3 subs) is starting snapshot thus the dilemna with EW, and this is the hardest area - wave 3:5 mutations, and ABC correction that could be either the wave 4 of 12345 down, or wave B of B correcting up ...

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FibonacciSupport and Resistance
EuroMotif
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