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Let's Talk ADA/USD
The daily right now has reset extremely nice creating a hidden in a supposed 4th wave that offers a nice buy. If we don't see a break upward and follow through and start to see signs of failure instead then it's a key note to dip out, however this is what I like to see to place my bets. I think ADA has another leg up to do.
It's important to prepare for either scenario though, what to look for if it starts to fail and what the south targets are.
Notice the 2 white counts that basically offer pullbacks and further continuation upward. It's the purple count that will obliterate everyone if not prepared. So I want to make sure the bulls defend all previous daily lows and keep the higher lows in tact even on this pullback if it decides to retrace further.
Wave 4 can't go into wave 1 so that's our invalidation mark for the white impulse wave and I'd be looking to the purple count as a likely scenario if we break the .08 cent low. Signals printing a buy now in my opinion with a stop loss down at .113. As always, not financial advice, but this is how I'm looking at ADA/USD through an lense.