ADA is gearing up for an overdo power move to $0.60
Monitor the $0.42 price level to complete the cup and handle but also liquidate the short's stop losses above that area.
Good Luck
Monitor the $0.42 price level to complete the cup and handle but also liquidate the short's stop losses above that area.
Good Luck
Note
$0.42 breached... should be the start nowNote
I would like to see ADA lip resistance to Support at 0.42
wave (ii) should be wrapping up soon.
Note
I would prefer to see 0.44 flip resistance to support, as MACD and RSI cool off a bit.
(Which happens to be this micro 0.786 fib)
Note
0.44 is acting as support. Looking to see if this parallel channel A-B-C-D-E wave iv correction is complete here.
Note
updated counts.
Note
50% retracement tested and holding. daily close above $0.38 is a good sign
Note
50% retrace held & ADA is looking impulsive. Target remains $0.60 😎
Note
A-B-C retrace to complete wave ii - know time to advance.
P.S. the 50% retrace held all the purchases and held as support at $0.377
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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.