This is purely a Technical view based on Elliot Wave theory. According to the count it a very good shorting opportunity on ADA. We are in a long ABC Zigzag where wave A has appeared as a leading diagonal. An we are in a B wave. B should have a 3 subwave count or it can appear as a triangle in a zigzag. So after A as diagonal its impossible to count this recent leg up as an abc subwave count. This is why am leaning towards a triangle. So the whole zigzag will take a few weeks to complete. When A is diagonal in a zigzag there a high chance of C being an ending diagonal.
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