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LaszloHuiber
Jan 21, 2019 8:25 PM

Ada retrace 

Cardano / BitcoinBittrex

Description

Dear Cocojambo's,

I'm back with news about ADA. One of my favorite picks for 2019. For now it's time to short. Looking at the 4 hour chart I'm seeing a red cloud. I understand a lot of you are bullish because of the Shelley release, I'm too, but for the short term I'm expecting a restrace until 1095-ich.

It's hard to tell which wave we are in. I think we are finishing the B of the ABC correction instead of wave 5. I'm expecting a big move within a couple hours. Daily looks a bit bearish and the 3daily is going into bearish. Either way, long term ADA is creating a green cloud on the daily which is a good sign but I want to see a retrace first.

Let's wait and see!
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