Cardano / TetherUSShort
ADA finishing ABC retraction
Updated
Right now following Elliott wave Theory we are in the ABC retractions and looking at the daily RSI we are about to go back down the C retraction to 0.91 cent. As right now the RSI on daily shows we are very close to the overbought. Down target is 91cent as there is a support but it if breaks through it the other support at 70cent. Also BTC is getting close to being overbought also which might be the one pulling ADA down harder.
Note
Starting to move down precisely where I marked B, now got to see if this be just a small drop or large.
Disclaimer
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.