Ada has been in this tight wedge for quite awhile and its been bouncing off the bottom of it. It just hit a fibonacci level that could trigger a bounce to the top of this wedge. If that bounce happens, expect Ada to test the resistance I have labeled. Keep in mind that this is still a bear market, so don’t be afraid to take profits if you see the market conditions change. These rally’s don’t last long.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
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Trade closed and locked in a 37% profit. ✅