ADA: waiting to buy below $0.40

28 Nis

Looking for a move down in ADA. Technically April 13th bottom at $0.40 could have been it, but the upward move since then looks to be a 3 waves move. It is possible that some kind of a leading diagonal is being formed, but it is not normal at a minor degree wave 3 of the primary degree wave 3. The path of least resistance is down at this time, so that is my primary count. I am waiting to add a good chunk to my bag at anything below $0.4. There is no bearish concern until $0.24 is breached. If the bottom is already in, then would like to see price move above $0.52 and preferably above $0.68. If that happens then will buy any dip on the retace.