ADABTC Technical Analysis based on Fibs and Elliot Wave theory

BINANCE:ADABTC   Cardano / Bitcoin
This a Technical Analysis for ADABTC chart on 4 Hour timeframe. It has completed impulse wave 1 and 2. Wave 3 which is usually the longest and strongest wave is just started. Based on the Fib level expected target is somewhere around 5700 to 5800 Satoshis (Taking this a bit on lower side) See the corresponding Fib level as well. Wave 4 retracement may be around 5000 Satoshis.

RSI is showing bullish momentum with higher lows. Please see the red trendline . Please also see how 55 EMA has just started providing support (Blue Line)

This is purely for educational purposes.
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