ADA correcting 20% the retracing to the 0.786 fib retracement. My guess is lower from here. The broader market is correcting right now so alts will most likely follow suite.
You might be right and I'm paying close attention, but in the 5M chart we've been in an ascending wedge for the last 10 hours and it looks set to go up soon.
zac_destroys_all
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@cyberalchemy, 5 min chart to low a time frame for me. I look at nothing lower than 15min just to predict the 4hr trend
cyberalchemy
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@zac_destroys_all, yeah I understand. Longer time frame charts are certainly more accurate in seeing longer term trends, but sometimes that 5M chart will tell you what is really happening when it could really go either way. Your idea has me properly cautious though.
zac_destroys_all
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@cyberalchemy, lol ADA being very strong but I don't buy it. That spike though. break above 1.14 close hourly I'm bullish