HelioHelix

Cardano WXY In Primary 2

HelioHelix Updated   
BITTREX:ADAUSD   Cardano / US Dollar
Cardano (ADA) is currently in a WXY (double zig-zag ) in primary 2 which looks to take the price down to dangerous lows. The WXY is comprised of a zig-zag , expanded flat, and a zig-zag . The 1.618 extension of W gives us a price target of 0.02036 while the trend-based fibonnaci extension of AB in Y gives us price targets of 61.8 at 0.68USD 100.00 at 0.33USD, and 123.6 at 0.11USD.
Comment:
Cardano appears to be in wave ii of (v) of ((v)) of C.

The 123.6 - 161.8 of wave (iv) gives a target range of 0.33242 - 0.38542 while the 1.618 of the net of (i) - (iii) gives a target of 0.39187.

Comment:
Update to the correction in minute ((iv)) which appears to be a WXY. Trading sideways for 93 days is classic fourth wave behavior.

Comment:
Expecting a big drop in ADA price to either .21 cents or .03 - .04 cents depending on whether or not wave (iii) extends.
Comment:
Price action clipping along as expected. ADA appears to be in a third wave extension in micro 4 of subminuette 5.

Updated price target to 0.24.

Comment:
Updated count, ADA appears to be in v of (iii) of ((v)). There is a clear descending triangle in wave iv of (iii).

Comment:
Revised count for the previous comment. It appears that ADAUSD is making an expanded flat (sideways correction) in (ii) and we are in the second wave of the c leg.

Comment:
The previous count showing a sideways ABC in (ii) has been invalidated. I've revised the count as follows:

Comment:
(iv) nearing completion. Updated price target for wave (v) from 0.24 to 0.16
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