ADABTC - Correction Complete with bullish signals
ADABTC has completed it's wave 3 impulsive move and looks to be signalling the end of it's wave 4 re-tracement.
It's landed a wick just above the 78.6% re-tracement line, printing a bullish single candle pattern on the daily and also with support from the daily cloud (custom settings, not shown).
It also has a nice clean bullish divergence and influx of volume, indicating an interest at current price levels and could be the prelude to a trend reversal.
Bitcoin is currently looking shaky and could jar any potential for a move up to begin. But unless something dramatic happens with btc I believe ADA has the strength to hold on and resume once Bitcoin settles.
Looking to enter long in the green box, with a stop just under the top of the higher level wave 1 formed earlier in the year.
It's landed a wick just above the 78.6% re-tracement line, printing a bullish single candle pattern on the daily and also with support from the daily cloud (custom settings, not shown).
It also has a nice clean bullish divergence and influx of volume, indicating an interest at current price levels and could be the prelude to a trend reversal.
Bitcoin is currently looking shaky and could jar any potential for a move up to begin. But unless something dramatic happens with btc I believe ADA has the strength to hold on and resume once Bitcoin settles.
Looking to enter long in the green box, with a stop just under the top of the higher level wave 1 formed earlier in the year.
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Chart depreciated.