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crnkjexxxx
Sep 20, 2021 10:20 PM

Elliott wave analysis, prepare for long positions 

ADA / DollarBitfinex

Description

Seems like Elliott wave theory is playing out very well, seeing a bounce at ~1,80$ (Fib level 0.61). Prepare for long positions then.
Comments
scrom_indicator
nope. doesn't look like its going that low
crnkjexxxx
@pilatuz, what is the reason you are thinking that?
scrom_indicator
@crnkjexxxx it just looks like too much buying power at 2, I think the bulls are in control of this one
crnkjexxxx
@pilatuz, okay, thats possible. I think it will go further down because based on elliott waves C needs to go below A. Additionally to this, normally the C correction ends at the area of the low (iv) before.

Lets see! I think in long term we are all sure it will go much higher.
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