ADA CARDANO FULL EW MODEL

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an EW count on ADA showing 5 wave structure with corrective sequences
Very simple and basic when we zoom out, can be labelled a few different ways, main thing is we can see clear 5 waves and targets reach fib extensions
Will update when candles print
Nota
not a huge fan of ADA price action, esp on the rallies, but ADA holds the lows well when BTC is dumping.
Def worth bagging some for next bullrun
captura
Nota
ADA hit its first target
captura
if you bought below 20c, then selling 50% at 40c secures your iniital investment and leaves the 50% balance as a risk free moon bag.
Keep building loads of risk free/low cost moon bags for next bull run by buying the lows and selling/taking profits into the pumps
Nota
At 2x 3x ADA, its a GREAT place to bank some profits and de-risk your ADA bags to let the rest ride risk-free.
Dont worry bout how much higher it goes after, let it, secure that capital and some profits, this can be used for trading bounces and buying big dips
captura
eve IF the bottom is in, dont forget we must retest that low, we will get a correction and consolidation, we will get a bull trap and a bear trap all before the real start of a new bull run if we've really completed the bearish correction
TIME will TELL
captura
Nota
The first bull leg isnt where the big profits are made
but if you trade it good enough, you can re-secure your initial capital, bank some profits too, and then use it to build a much bigger position. And if you trade actively, long and short, you can bank some extra profits or coins. No point in just holding the bag to do nothing with it and no point in selling 100% of it this early (if bear market is truly completed), at least de-risking keeps us safe and gives us option to do more.
We still need BTC to complete 1 and 2 captura
Nota
ADA doing ADA thangs
beautiful breakout as with many alts
set of targets to take profits
captura
Nota
ADA showing strength, retested the breakout n took off.
captura
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Bullish count
captura
Nota
Bearish count (keep in mind, that its BTC season and with BTC.dom this strong, small btc dump will force alts to drip heavy and alt strength will remain weak until BTC.dom starts to top out. A btc dump with BTC.dom this strong will also suck the liquidity right out of alts, so another leg lower in alts is possible even if BTC low is completed captura
Nota
FLIPPING THE SWITCH TO BULLISH!!
NEW BULL MARKET!!
wave 1 of ADA
We might be lucky enough to get a pullback or correction, but it could be the very last chance to buy these lows.
So, here is an example of 2020 first leg using EW & Fibs.
Can accumulate position on pullbacks. Tough to say whether we get any pullback from here or not. But if we do, it could be eaten up very quick.
Worst case, you can LONG the restest of the break and TP near ATH.
I do beleive we can hit $30-40$ this cycle, but thats too early to say.
Lets focus on the first leg.
So here we have wave 2 correction and the first leg b4 massive move up, seperately analyzed.
typically 0.236-0.382 FIB is common retracement levels, those get ate up quick. Sometimes we're luck it wicks down lower. Hit or Miss. You can DCA along the fib lines, place orders just above so you get filled before rest of buyers using same lines (bots can front you intentionally.
captura
captura
Not expecting major discount but it's possible. You wont get all the orders filled, but at least the upper levels can add some more coins to your position
Good Luck. See you at $3 ;)
Nota
Favoring another LOW on ADA and majority of #alts
I am favoring a major dump brewing on BTC, approx -38% type drop, with BTC.dom this strong, it will destroy alts which equivalates to a massive discount (again)
ADA FAILED to hit 0.236 minimum.
Looking at past cycle, can see similar strucute as shown in circles, which is what I am favoring as the current strucutre and what its leading to
Maybe I will be wrong
captura
Nota
Bearish divergence also present
might take not as much time, but worth keeping some low ball orders.
Will get more precise targets as candles print and structure forms to give more clarity on wave count
captura
Nota
ADA.dom hasnt broken out yet
captura
ADABTC looks more n more ugly with time (do the financial MATH)
captura
ADAETH even WORSE!!
captura
People lie, but charts dont lie. Remove emotion and focus on the data on the charts
Elliott Wave

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