It should happen very soon. However, there is still a possibility that the triangle wave could extend and that the E wave even has not been initated. Patience is bitter but its fruit is very sweet. It is only a matter of time
A descending wedge that should be practically finished and the daily RSI (7) reaching soon the beginning of an oversold condition. I do expect the completion of the wedge between 78.6% and 80% fibonacci.
The fourth wave of major degree, clearly forming a big triangle since its last all time high (wave 3 of major degree). Triangle c - wave should come to end between 1.900 and 1.850 fulfilling the monthly bearish pattern at 1.899.71 as well as testing the monthly bullish pattern at 1.853,60. I do not expect to see a new ATH for this year.
Will we see a major correction in the King of the crypto market? I think so. If it is a double combo, the low has been seen at 49.2K otherwise, if there is going to be an expanding triangle, we may see a new low between 45K and 42K. I can see a clear major correction towards the price of 45K before reaching a new ATH and therefore once again a new oportunity to...
ADA is not ready for lift up but it should happen starting 2025. However, 0.22 should not be broken under any circumstances, otherwise ADA could visit 61.8% at 0.13. The structure looks good for a rounded bottom with the tipically Mount Everest in the middle.
Bullish trend to new maximum or just a big correction to search a new min below 0.95? Both scenarios are possible and entire depend on FED's and BCE monetary policy. COT shows more long than short for non comercials.
As recently mentioned, there is still a small chance for bulls. It was definitely not a flat 3-3-5 correction. The last possibilty could be a 3-3-5 irregular or expanted flat. If not, then I cannot see any other possibility for bulls.
Tomochain has been changed to Viction on 24 november. I do not expect any changes in the direction forward to a new ATH. The fourth wave of major degree forming an elliot triangle abcde wave is still not finished. I do expect the start of the fifth wave between end of december and january 2025.
As already mentioned for weeks, any of the 4 objectives are feasible as long as the price moves between 1.0448 and 1.1257 doing the supposed B wave. There is nothing more to analyze until the end of the year, unless the price breaks the indicated range.
XRP was never my favorite Token but we have to keep attention as its potential is extremely high. I do expect to reach out 23$ between january and april 2025
As per my calcs, tomochain is soon ready to start his 5th of higher degree wave to reach out a new all time high.
ADA could be ready to start for the so long awaiting new bull cycle. However, there is still a chance to see a new low around 0.21 - 0.20 before init the rocket.