ADA/BTC approaching critical supports: Cardano uptrend at risk ?
Updated
ADA has been dropping with little bouncing.
But it has been following the red Fib series.
It is now approaching some critical supports.
Breakout and exact top was plotted in previous analysis
Admittedly since above breakout call I have been trying to find supports.
Now we are near the last stand, with just a couple supports that must hold.
But it has been following the red Fib series.
It is now approaching some critical supports.
Breakout and exact top was plotted in previous analysis
Admittedly since above breakout call I have been trying to find supports.
Now we are near the last stand, with just a couple supports that must hold.
Note
Decent bounce at the ''Likely" support .
Note
Always respect a 2.618 if the proper impulse was identified .
Note
Breach of the 2.618, a good start. .
Note
The bounce is still struggling to gain momentum it seems Taking a closer look, it seems we had a 5 wave impulse up, and are in ABC correction.
That combination of 12345 and ABC could sell be the (1) and (2) of a larger order like this
.
Note
So I guess the Green ABC is best bet, lets see if it terminates as plotted .
Note
So much for above moon plans :( BTC still going gang busters and massacring Alts. But we are about to hit the crucial line for ADA .
Note
Finally, a bounce as BTC calms down. .
Note
Hit our "Bulls Last Stand" zone again, here a zoom .
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