ADAUSDT 2/10/2021

Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____

First of all, I'm not hyping anybody here. It is just a price forecast. Remember that actual events always prevail over estimates. This is my price forecast based on Elliot Wave. I hope that you found it interesting.

Past technical analysis had gain a great result. Here:
Scalping: No TA
Swing Trade (Still holding position now):

Position Trade (Still holding position now):

______

Technical Analysis

In case you can't see clearly above, here is the chart:

There is no doubt above it that current bull rally in Wave 3 is longer than Wave 1. Wave 2 (as you see) is a price consolidation for about 11 weeks or almost 3 months. I expect Wave 3 to top out at either 1.618 or 1.786 Fibonacci at prices of $ 2.41 or $ 3.45 but it can be extended to 2.000 Fibonacci at $ 5.46. Since Wave 2 had done a very long consolidation for almost 3 months, I expect Wave 4 to be a shallow or not dip retracement to Fibonacci. As long as in Wave 4, the price stays above 0.382 Fibonacci, this uptrend continues higher prices. I think Wave 5 can be more longer than Wave 3 and Wave 1 if it breaks 0.618 and 0.786 Fibonacci at prices of $ 7.18 and $ 12.83. On the Fundamental side, it has a lot of good developments as a great catalyst for making higher prices.
_____

Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT

Yorum:

1W

1D
No weakness
Support at 0.66706

4HR
Pullback to MAs before going up.