If this scenario is correct and is only supposed to move in the same wave (c) from here(2.29), if the price will only move as much as wave (a) itself. A $ 50 target is available.
If Bitcoin can reach $ 70,000 with the current pattern, I think ada can easily see $ 50.
Note: If the current ascending pattern is a zigzag, well, wave b has not yet reached its minimum time, and if wave pattern b is supposed to be flat, the price again in the form of c from b can be around $ 1, although in terms of price and time, wave c He has passed his minimums.
If the uptrend is a non-zigzag , there is no need for wave b to consume more time and the pattern is complete and can start from here.
If Bitcoin can reach $ 70,000 with the current pattern, I think ada can easily see $ 50.
Note: If the current ascending pattern is a zigzag, well, wave b has not yet reached its minimum time, and if wave pattern b is supposed to be flat, the price again in the form of c from b can be around $ 1, although in terms of price and time, wave c He has passed his minimums.
If the uptrend is a non-zigzag , there is no need for wave b to consume more time and the pattern is complete and can start from here.
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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.