It seems as if we are entering wave 4 and still busy completeting subwave "b".
Wave must still correct a bit before entering wave 5 to reach target of 890 if it gets a 1:1 extension which I have marked as the top green box, however it should be noted in the green box just below that it might find resistance at the 0.786 extension based on previous resistance area.
Wave 5 target = 160$
This is my first LTC Elliot wave count and may not be 100% accurate even though on smaller timeframes my counts worked out.
Please use it only for education and confirmation whether you also see the same trend/wave count.
Wave 1-5 completed as well as correction waves ABC.
Wave 1-5 is now taken as wave “1” for the new uptrend and correction ABC as wave “2”
Wave 3 has been confirmed, fib ext target 9200 before down trending.
I have removed all my sub-wave counts to clean things up a bit but according to my Elliot Wave count it all worked and we have ended wave 4. I predict wave 5 to reach the 9300 levels based on Fib extension.
I'm still new to Elliot waves so please do not use money based on what I say. I am doign these graphs more for fun, my own analisys as well as receiving...
In my chart there could possibly be a new Elliot wave forming, but wave 3 needs confirmation. IF wave 3 holds it, could go up to 36 500 sats where it would find resistance. I'm still holding ENG purchased at the 31k mark but will be looking to exit at this point short term.
If wave 3 fails, and no new Elliot wave is forming, we could see a continued downtrend to...
This is my first TA on ADA using Elliot waves and Fibonacci.
I received my confirmations at the uptrend after wave 4 and according to my analysis ADA should go up by 16% ending wave 5. My TA is fully open to comments as I am still a student on Elliot waves and would appreciate any feedback or criticism.
