Been trying to analyze ADABTC extensively to get better understanding of where in the cycle it exactly is. To be a valide wave 3 it needs to extend to 1.68 fib, yes however we dont have the next higher wave which leads me to beleive we are on wave 4 right now and still need to see the 5th wave before the ABC cycle completion.
Wave 4 has retraced to 61.8 of the full cycle, bounced back off the 38% which leaves us 3 options,... 1. we retrace back to 300-3500 sats which will then probably only just break the top of wave 3 for a min 38% retracement to complete the full cycle OR 2. We break above this immediate trendline for the 5th wave target before retracing for a ABC full cycle completion. Either way, ADABTC looks like it going to be within a range over the next week or 2 however definately moving up long term. OR 3: We break the low of wave 2 ie under 2000 sats to invalidate the whole wave sequence only to find that this will be the first wave altogether of a massive move to come?? Which one will it be?
Japan is one of the few places that are allowing crypto and probably moving towards cryptos. ADA is definately on the right place with the right product.
Wave 4 has retraced to 61.8 of the full cycle, bounced back off the 38% which leaves us 3 options,... 1. we retrace back to 300-3500 sats which will then probably only just break the top of wave 3 for a min 38% retracement to complete the full cycle OR 2. We break above this immediate trendline for the 5th wave target before retracing for a ABC full cycle completion. Either way, ADABTC looks like it going to be within a range over the next week or 2 however definately moving up long term. OR 3: We break the low of wave 2 ie under 2000 sats to invalidate the whole wave sequence only to find that this will be the first wave altogether of a massive move to come?? Which one will it be?
Japan is one of the few places that are allowing crypto and probably moving towards cryptos. ADA is definately on the right place with the right product.