To follow up on the previous bullish scenario, this seems like the possible bearish scenario for ADA. I find this to make more sense than the bullish elliot wave sequence I published earlier, as in that previous one (see linked idea) it is difficult to draw impulse wave C of corrective wave 2 without overlapping wave 4 with wave 1 inside of C.
This could mean that the ADA correction isn't done yet, and we could see it go back down to a lower support level
This could mean that the ADA correction isn't done yet, and we could see it go back down to a lower support level
However, I believe I may have put my target too low. Historic spike in volume occurred between 2.5-3k sats. If you want to play this, a good idea would be to ladder in the buys.