ADA Potential Long to .33 Long

Cardano / U. S. DollarKraken

Description

⋅ Jan 6, 2021 1:55 AM

ADA is breaking out for an extended wave 5 . Assuming we topped at $0.27, we can find an entry for a potential long to the 2.618 extension of the primary wave at 0.33.

Entry: 0.23
Profit: 0.33
Stop Loss: 0.195

Comments

HHSPN

⋅ Jan 6, 2021 7:59 PM

Good call. After you hit 5, do you see a dip before next 1-5 cycle starts, if so would 0.618 of which of the fib series right support?

elkadro

⋅ Jan 6, 2021 3:33 AM

Will it retrace to 0.23 before reaching 0.3?