Starting to dollar cost average in right now ....
Looking for one more move down to finish off this Wave 4 correction. Drew squiggle lines to show what the price and the stoch rsi movement may look like ... anticipating a possible bullish divergence when this bottoms.
If this doesnt play out, then the reverse H&S will with a break and hold above the top trend line ...then the pump party is back on.
In either case, ADA is looking very strong IMO.
Expect price to stall around 98 cents temporarily for break even top buyers get shaken out ... then pump strong to 1.20 pit stop first and then higher (2.50) in the days to come. Just going to be pit stops to even higher prices. I think this will be a very strong Wave 5 before we see the big correction.
Looking for one more move down to finish off this Wave 4 correction. Drew squiggle lines to show what the price and the stoch rsi movement may look like ... anticipating a possible bullish divergence when this bottoms.
If this doesnt play out, then the reverse H&S will with a break and hold above the top trend line ...then the pump party is back on.
In either case, ADA is looking very strong IMO.
Expect price to stall around 98 cents temporarily for break even top buyers get shaken out ... then pump strong to 1.20 pit stop first and then higher (2.50) in the days to come. Just going to be pit stops to even higher prices. I think this will be a very strong Wave 5 before we see the big correction.