Elliot TA on ADAUSDT, ST bearish, but bullish for LT
this chart is thruoughly based on Elliot wave theory
I counted the waves from lowest price to today.
Didn't notice before, the primary 1st/3rd were perfectly harmonized with fibonacchi 1:1.618 ratio
So I put it on Cycle time frame.
On my analysis, the recent bearish movement is 'A ' wave of .
and it bottomed 04 DEC 21, and we are now in 'B' wave of
So we are expecting bounce to the preivious top which is 3.00
if it bounced off then the pattern is 'flat correction wave'
but if it pushes higer 3.00, it is 'irregular correction wave'
Either way, ADA is bullish at the moment, but it will collapse when 'B' wave is completed.
However, the will finish before 29 JUL 2022
Then the most powerful of 3rd wave of will start.
Overall I am so bullish for ADA
I counted the waves from lowest price to today.
Didn't notice before, the primary 1st/3rd were perfectly harmonized with fibonacchi 1:1.618 ratio
So I put it on Cycle time frame.
On my analysis, the recent bearish movement is 'A ' wave of .
and it bottomed 04 DEC 21, and we are now in 'B' wave of
So we are expecting bounce to the preivious top which is 3.00
if it bounced off then the pattern is 'flat correction wave'
but if it pushes higer 3.00, it is 'irregular correction wave'
Either way, ADA is bullish at the moment, but it will collapse when 'B' wave is completed.
However, the will finish before 29 JUL 2022
Then the most powerful of 3rd wave of will start.
Overall I am so bullish for ADA