Earlier today I posted ADA looks ready to complete wave 1 up at $.39 level. In what looked like a clear triangle for wave iv of 5 has been invalidated with this move down. Therefore we have several ways to interpret this pattern.
First this is still wave 4 and nothing there is invalidated and the $.39 target area for wave 1 is still in play. Second, wave 1 is complete.
If my primary black count is playing out, we must hold the wave 4 of one lesser degree (indicated on the chart). If we get below that and then subsequently into the purple target box, then this is a larger wave 2 retrace.
Having just updated on ADA and identified in what looked like a triangle...I wanted to inform my followers due to recent price action, where we are.
Best to all,
Chris
First this is still wave 4 and nothing there is invalidated and the $.39 target area for wave 1 is still in play. Second, wave 1 is complete.
If my primary black count is playing out, we must hold the wave 4 of one lesser degree (indicated on the chart). If we get below that and then subsequently into the purple target box, then this is a larger wave 2 retrace.
Having just updated on ADA and identified in what looked like a triangle...I wanted to inform my followers due to recent price action, where we are.
Best to all,
Chris
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.
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.