I am relatively new to the Elliott Waves principle but a correction to fib 50-61.8 seems to me very natural. Please share your toughs in the comments bellow.
Strong bullish divergence on ADA/USDT pair both on Stoch RSI and MACD. Min Target: $0.65 Stop loss: $0.43
Overbought and found nice support. First target: $11.
Three indicators are confirming the potential breakout: 1. Bullish divergence on MACD. 2. Stock RSI is now heading up on 4H chart. 3. Volume spikes on price increasements. We also have a falling wedge pattern formation which is a strong bullish signal.
Cardano is a great cryptocurrency with huge potential. Short-term target: 520 sat.
Don't you think it's a good buy signal?