ADA/USD: capitulation to the 0.10-0.13 area

18 gru 2023

the correction in ADA/USD has completed a 5 wave structure to the downside, the start of a zig-zag pattern
it is followed by what appears to be an expanded flat
based on Elliott wave theory, there will be 5 more waves to the downside
there is a high risk of capitulation given current sentiment
most likely region of support is the 0.10-0.13 region

2 lut

Transakcja zakończona: osiągnięto poziom stop

you guys are right. It's bullish.

8 lip

Uwaga

unfortunately, there's a strong chance I was right on this one. At this current time I am unsure if the 5 wave structure from June 2023 to April 2024 is a leading diagonal or an ending diagonal of an expanded flat. given bitcoins recent price action, it does seem like more bearish price action is to come for the remainder of the year. However, it is halving year, and BTC is generally bullish...this could be a fakeout. For now, unfortunately, I do stand to the more bearish stance. Godspeed.

8 lip

Uwaga

I am not advising any position specifically other than hold at this time. I personally am holding ADA. good luck all