ADAUSDT POSSIBLE WAVE 1/A COMPLETION
Possible wave 1/A is almost completed
There is divergence between wave 3 and wave 5 so this gives us a high probability of wave 5 completion but it is still possible for wave 5 to go lower .
if the white trendline is broken , wave 5 will probably go as low as 0.4017. currently RSI is below 50 and momentum is bearish .
price needs to break wave 4 high and RSi should read above 50 to confirm bullish momentum in order to confirm wave 5 completion.
This idea will be invalid if price breaks 0.4017 and close below it .
Good LUck
There is divergence between wave 3 and wave 5 so this gives us a high probability of wave 5 completion but it is still possible for wave 5 to go lower .
if the white trendline is broken , wave 5 will probably go as low as 0.4017. currently RSI is below 50 and momentum is bearish .
price needs to break wave 4 high and RSi should read above 50 to confirm bullish momentum in order to confirm wave 5 completion.
This idea will be invalid if price breaks 0.4017 and close below it .
Good LUck
Trade closed: target reached
will enter again on pullback
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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.