ADA elliott wave triangle prediction TA

22 nov 2020

ADA followed textbook Elliott wave impulse followed by ABC correction. Now it seems to be forming a wedge and so an elliott wave triangle seems appropriate. Market will target 0.135 which will subsequently trigger sell orders causing a drop in price down to 0.130ish where consolidation will occur. As market momentum rebuilds it is expected to break above the triangle with 0.145 as the target forming the start of the next impulse elliott wave.

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