From the low of the orange wave [ii] on November 4 to the peak of the subsequent orange wave [iii] last Sunday, ADA surged by more than 100%. The brief pullback in the orange wave [iv] was caught by our now grayed-out Target Zone. Currently, the orange wave [v] should be underway, potentially pushing the price well beyond the $0.65 resistance level. However, there remains a 33% chance for a bearish short-term alternative scenario. In this case, an imminent sell-off into our green Target Zone between $0.44 and $0.35 would occur. This would imply that ADA completed its orange five-wave upward structure at the $0.65 resistance and has already entered the subsequent corrective green wave alt.2.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.