ADAUSDT 2/10/2021
Updated
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
_____
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
Note
1W1D
No weakness
Support at 0.66706
4HR
Pullback to MAs before going up.
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