…of the first wave of the Multi year
Bullmarket of Gold
ADA is retesting the monthly breakout level quite heavily.
That would give us a strongly sustaining $ and falling btc/stocks imo
The weekly close from January is 32320.
it should hold the 50 week sma.
Or we visit the 100 or 200
I expect a impulsive decline to the 500 area, which is the monthly closing level.
I see a finished A in 5 waves.
That could be followed by a 3 wave correction B to fall in 5 waves to the bottom low C
Exactly 61.8 % retracted
….of the 61.8 Area I’d consider Pretty bull
Critical breakout level for ada
1105 for confirmation of a healthy uptrend
…..and most probably a higher low.
So, What’s the problem ?
…..or 43 will come first
As a c-wave.
Declining by 90% after a major push.
….bounces of the 31.8 lvl and diverges with a higher low short term bullish