ADABTC ADAUSD Wedge Heading to 1000 Sats??
ADABTC wedge looking to complete an ABCDE or 12345 pattern down to the long term optimal 88 fib retracement level for buy zone which also co-incides at the 1.618 level of the initial down move. This equates down to around 1000 sats level which would also wipe away all the gains it made last year and should see a big volume spike of interest again. If BTCUSD doesnt make a move soon then this pattern should be valid, ADA respecting the top wedge channel line so far, lets see if it continues down from here. Should a 12345 play out, then it will go down beyond the 1.618 which is a major concern. At this stage im sticking with the wedge pattern breakout after retracecing down to the 88 fib and 1000 sats level. We will see what happens from there.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.