ADAUSD - Last deep correction before the moon?
Hello investors and traders,
If we consider the July Low as a triangle in Intermediate Blue 4, and the next move just minor 1 red of intermediate 5 complete, we should see a deep correction to complete minor red 2.
The market seems to create a double zigzag correction with a wave X as a triangle.
With a projection of 1.618 from wave 2 red (around 0.618 of wave 1 red) "to be complete", the current target is $8.5
What's your target?
If we consider the July Low as a triangle in Intermediate Blue 4, and the next move just minor 1 red of intermediate 5 complete, we should see a deep correction to complete minor red 2.
The market seems to create a double zigzag correction with a wave X as a triangle.
With a projection of 1.618 from wave 2 red (around 0.618 of wave 1 red) "to be complete", the current target is $8.5
What's your target?
Note
It seems like the triangle has been completed. I don't think the spike down can be considered wave C. I honestly didn't check on other exchanges.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.