ADA/ETH - Cardano - Bullish Rally in Minor 3ADA/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 .
ADA/ETH - BUY Position:
Entry - 0.00036
SL - 0.00015
Targets - 0.00075 / 0.00115 / 0.00155 / 0.00215 / 0.00275 / 0.0035 / 0.0040
Many pips ahead!
ADAETH
ADAETH Short-termThe Elliot Wave pattern shows that, after the ABC correction (Pink), prices will rise again for a while following a 1,2,3,4,5 Elliot wave.
The possible bullish trend is also confirmed by the flag pattern (Teal) seen around the ABC correction. We know that the flag pattern is a continuous pattern. This indicates that after the graph breaks out of the flag, it will resume its previous pattern. Which in this case, was a bullish trend.
Feel free to critique this analysis, as I am still fairly new to this.
ADA possible downward contiuation - low end target 0.00035 ETHADA has kept above the key 0.0005 ETH support today and could be looking at a trend reversal if the price breaks out above the downward wedge. If that doesn't happen it seems that the price is likely to drop below 0.0005 based on the current trend. The next downward target would then be the support line at 0.00035 ETH. This would likely be a good entry point to go long for the next few weeks.
I wouldn't recommend entry at this point until a fairly well sustained trend reversal is seen, however relative to long term movement this is still a potential entry point.
[ADAETH]Strong Bull retracement endingHi,
This one is to excuse me for not updating BTC, I got many messages but I was working in another city.
Anyway, let's get to business. ADA has a very good project, people have faith in it and it shows by it's market cap. volume si good so we will not be waiting toooo long for the move. Most important, buy at the best price possible.
follow their reddit. always lookfor infos before betting. I lost a lot by making stupid mistakes. follow the newsss!!!
TG:
1)0.00071367
1)0.00079965
1)0.00094565
1)0.001129281)0.00142057(Will take time 1week)
1)0.00142057(Will take time 1month++)