Hello traders and investors,
today we look at the ADAUSD pair to understand the current cycle and where ADA may go in the next days and weeks.
As anticipated in previous ideas, the general idea is we are in a bullish primary cycle and unit primary blue 4 is intact we can assume that the current correction (deep) is going to be minor red 2 of primary 5.
If the primary blue 4 will be broken, we will need to reconsider the completion of primary wave 5 and possible cycle 1. In that case, I expect to see a really deep wave 2.
Let's see what the market will tell us.
today we look at the ADAUSD pair to understand the current cycle and where ADA may go in the next days and weeks.
As anticipated in previous ideas, the general idea is we are in a bullish primary cycle and unit primary blue 4 is intact we can assume that the current correction (deep) is going to be minor red 2 of primary 5.
If the primary blue 4 will be broken, we will need to reconsider the completion of primary wave 5 and possible cycle 1. In that case, I expect to see a really deep wave 2.
Let's see what the market will tell us.
