ADA/ETH has pleased me those who followed by unfolding as I was expecting it, not disappointing. In fact, it tripled in value, as mentioned in the previously posted "Cardano – ADA/ETH – Bullish 5th Wave" .
Cardano was released recently and it’s looking like “the next big thing”. Wave Count presented below suggests that Cardano could triple in value over a short amount of time.
Since the time the targets were reached, ADA/ETH dropped like a rock, as expected and signaled to my private followers.
The Retracement unfolded as a Double Three (WXY) pattern, with a Triangle visible in Minute Wave X (blue). This sell-off would represent Minor 2 (purple) and would finalize at or around the 0.00036 Levels, which I will be watching like a hawk. Cardano could benefit from the temporary weakness which I am seeing in ETH and BTC and could start a much bigger Rally, one which would lead it towards 0.0040 .
ADAETH could fly from here as it shows a possible Bullish Sequence. However, if another low would occur, it would be final.
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ADA/ETH ready for lift-off !
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ADA/ETH bounced from 0.00036 Levels, which were mentioned from day 1. Talk about a perfect entry! What now? ETH & BTC are crashing and this means that ADA is worthless right? Wrong! ADA’s value will increase along with ETH as it is built on ETH block-chain. It is independent of course which is a good thing and also has more advanced technology behind it, could be a valuable token for the future Crypto Market. For those who are holding ADA, keep it! Once these pump-and-dump phases would finalize, ETH & BTC would go up. Levels in Focus for ETH & BTC to bounce: ETH/EUR – 300 , BTC/USD – 4500-3500 range.
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