ADA Potentially topped short-term? Consolidation phase
ADA is an extremely bullish coin with no signs of remorse as it is making it's way up to the high's of $1. It reminds me of NEO before it was lifting off the only difference was ADA's high supply in the billions making every satoshi move a very slow gainer
It has an ascending wedge pattern that appears slightly bearish and it seems to respect Elliot wave analysis which moves in 5 waves. THis case with ADA the 1st one being 1000, 3rd one 3000 and 5th one 5000-6000
Psychologically people might want to buy it up to $1 however if BTC bounces back to $20,000 they are already buying it at $1 at this current price of 0.00005000 SATs BTC
It has an ascending wedge pattern that appears slightly bearish and it seems to respect Elliot wave analysis which moves in 5 waves. THis case with ADA the 1st one being 1000, 3rd one 3000 and 5th one 5000-6000
Psychologically people might want to buy it up to $1 however if BTC bounces back to $20,000 they are already buying it at $1 at this current price of 0.00005000 SATs BTC