ADA, going for another run?
Wave 1 had 95% growth, wave 3 had 107% growth. What will wave 5 bring? Usually wave 1 or 5 is extended. Doesn't look like wave 1 was extended at all. We could see 160%+ or more growth in wave 5. I think some alt coins are patiently waiting for their big sister BTC to settle down before they do their thing. Looks like consolidation now. After BTC calms down, I suspect an alt coin eruption.
Nota
It looks like ADA has entered into a bearish contracting triangle. Which signals the continuation of it's correction downward. The line has crossed on the MACD on the hourly chart. We will see if ADA will continue the correction.Nota
The downtrend continues. The bears still have control.Nota
Not sure if you saw a huge sell of in all of the alt coins. CMC delisted a Korean exchange. So it looked like coins were tanking and people panic sold to make things worse. I will update this when alts recover.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.