ADABTC is almost reaching the buy entry but I am waiting for a smaller drop down for BTCUSDT so if we add this in correlation than ADAUSD can go a little deeper than now before a significant upside move!
Our previous look was
T1 reached and
1.618 sure still possible but T2 is a very strong area!
Sure all depends on BTC and ETH price evolution also!
If Eth explodes and Xrp late with upside price action than 1.618 extensions easy can happen!!
We have one impulsive wave to upside what can be the first sign of the trend reversal!
Be with patience just more a little, the next buy opportunity will come soon and do not miss it but after that hold the positions a while!
Wave 3 of the bigger count is coming!
Last few days we have a nice price movement to the upside but the purple level is not reached in this moves and now we have a correction!
Often when some important level is almost reached but correction occurs before touching that level then the next move can be a breakout of those level in one shot!!
I expect one wave more in the triangle before this price action to the upside happens but this last wave triangle failure in the crypto market is very often! Check ETHUSDT triangles in last two years I can remember minimal 3 or 4 times that the last wave in the triangle is missing and also other Cryptocurrency pairs are the same! This happens in the uptrend mostly!