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target 1 hit, move stops to break even, looks like it wants to make a higher high before the drop. this is due to btc weakness. you can check my btc idea on my profile.
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you're telling me bitcoin will outpace ada after ada hits .0000900? Hitting .00009 on the BTC, means ADA breaks north of its ATH consolidation here. Gonna have to disagree.
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@trentonscoleman, this is a short term thing. ada will soon outpace btc after the move down.
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I'm not an EW expert, but learned it & know basic concepts. I had a similar chart except I had the a b c correction starting one move earlier, in the opposite direction. I did the 1-2-3-4-5 wave in an uptrend then the A started the first move down (on this scale). after that correction cycle, have a new 1-5 bullish cycle starting.....
altho it'll be interesting cuz looks like it needs to maintain support right now on a broader time frame
either way, I think ada is bullish mid term .... w the way cryptos are going ppl will start looking for alts again, etc. Still prefer to rely on TA since we can see ADA had a few smaller runs up the last year and went down further.....I think on the grand scale (at least for mid term), that will be all consolidating
thx for the chart & analysis!
altho it'll be interesting cuz looks like it needs to maintain support right now on a broader time frame
either way, I think ada is bullish mid term .... w the way cryptos are going ppl will start looking for alts again, etc. Still prefer to rely on TA since we can see ADA had a few smaller runs up the last year and went down further.....I think on the grand scale (at least for mid term), that will be all consolidating
thx for the chart & analysis!
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