ADA been moving flat for a few hours, hope you bought when it dipped!
I think once the MA 200 catches up to the MA 50, 100, it'll go up from there and continue to go up from the triangle. If it does, ascending triangle will show itself and signal bullish.
Comment
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As the MA 200 will touch MA 100, a death cross will happen, signaling an extreme bullish signal. Look during this time for an opportunity to buy up some ADA going forward into 2018.
Your chart is right but you needed to look at the ABC correction of the larger scale elliot wave which just finished at previous all time high.
larj
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its going to go up to 5850 ? its at 6000s
PreSager
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@larj, I'm assuming it'll follow the down trend into the corner of the triangle then go up from there at 5850. (This is all a conservative mindset, assuming it'll keep going up and down for a few hours)