Damn, ADA is really messy. The big problem is, that I am not sure at all, what is the right eliott wave count. The thing is, that I can anotate it as a big ABC correction, with wave "B" as triangle. Another reason, why this count might be probable is the height of both big legs down - they have same height, so ABC correction makes sense.
But on the other hand, I...
We've been looking at Cardano vs Bitcoin (ADABTC) closely and seeing that the bottom is in and a new trend is about to form, I would like to share for you the long-term targets for Cardano vs Tether (ADAUSDT) as well, this chart is equivalent to the ADAUSD chart.
For ADAUSDT, we also have a bottom formation and prices moving above EMA10 for the first time since...
In Aug 2019 I posted an article where I revealed that the priceline of Cardano was forming a shark pattern.
RSI had still some cushion to move in oversold zone and moving average convergence divergence (MACD) was still strong bearish, therefore there was more possibility that the price action will definitely complete the final leg of Shark which was being formed...
Altough ADA lost about 17% from its recent high in the last 9 days, it is still in an uptrend. It will be interesting to watch, whether this uptrend will continue or not. If it holds, watch it to go up a good amount in the coming weeks.
It's still in a bullish trend, however direction to the next key levels are key. A long way to go but does seem possible as an option. Keep a close eye on the news with enough news and hype we may find some interesting moves.
Good afternoon, colleagues! To everyone who trades or holds this coin in his portfolio - the upward movement does not end there! The graph shows my price expectations in the medium term. 0.09-0.1 - sales area. Where is it desirable to sell a coin. The option with working out the double bottom will be confirmed during the breakdown of this zone. The minimum value...
pitchfork is just an idea. Could be an entirely different channel however that last low swung a bit too close to the dirt for us to hit peak and continue past. Bids are going to want to retest that region if we are bullish, possibly stop hunt for a bit who knows.
We notice that the price has breached the descending channel, and we expect a period of bullishness in the coming weeks for the #ADA coin
Do not hurry to buy, the price may go down to good places
Do not risk a large amount of your money
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ada has seen a massive retrace while the team has been steady working away IMO this has all the rocket fuel it need to get to atleast halfway to its ath this year or next at latest possible long term play