ADA/USD Chart - Ending Diagonal
price within an ending diagonal triangle -> end phase of a bearish trend (at least temporary)
- 5 wave structure within the ending diagonal seems to be completed.
- Confirmation would be a break of the upper resistance of the ending diagonal. If price rejects form here
price should test the pivotal 0.5er fib level of the Blue range.
-RSI, Stoch and Godmode show bullish divergence on a daily timeframe.
Target would be the 0.382 and 0.5-0.618 fib level which converge with the bigger diagonal resistance.
- 5 wave structure within the ending diagonal seems to be completed.
- Confirmation would be a break of the upper resistance of the ending diagonal. If price rejects form here
price should test the pivotal 0.5er fib level of the Blue range.
-RSI, Stoch and Godmode show bullish divergence on a daily timeframe.
Target would be the 0.382 and 0.5-0.618 fib level which converge with the bigger diagonal resistance.
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