Foreign Video about ADA and it seems like Ada Wants to follow our wave count from Yesterday here we talked about this Being the wave 5 here in which we are Yeah being an ABC pattern and that we Now possibly in the C wave after we put A triangle in place here and that we are In an ending diagonal in a wave C or at Least overall this way five is an ending Diagonal and in that we have an ABC Pattern so we're currently looking at This C wave which started after the Triangle peaked he had 33 cents and I Told you yesterday that we can focus Generally on the downside As long as we are below the 33 Cent Level because this is the level where The impulse to the downside started here In a five wave structure in yellow and If we get above that 33 level then we Need to well challenge ourselves is this Really the the right wave count Um because a move above the 33 Cent Level would invalidate this imminent Downward structure of five waves because The Wave 2 which it would then be that Retracement is not allowed to go any Higher than the wave um Well in the beginning of the wave one Right so at the moment my view is still That we are coming down further here for Ada as well looks currently a little bit Like as if um
We are putting in your lows in just now We had already new lows overnight Um There's two well there's two Possibilities how this can be counted in The micro or two main main possibilities We actually have five waves down Complete that's why I told you yesterday This could have been a wave 2 Retracement it was a very Shallow one Yeah we reached we reached okay we Reached the 38.2 percent FIB level Um that's similar to what Bitcoin did as Well This was if it was Wave 2 it was a very Shallow one and it could very well be That we'll still put a higher Wave 2 in But stay below 33 cents but that Wouldn't be bullet it would just be a Well let's call it it would just be an Expanded flat a corrective Wave A B C That's possible and then we're talking About the range all the way up to the 78.6 FIB level that is 32.9 No 32.6 cents the other possibility Which if we make a new low now will be The primary so that you know what is Expected that would be a scenario where We say okay we've done our wave one two And we're now in Wave 3 already and that This was a wave one down a wave two up Three four five let me change the wave Degree here
And color And then we can say that this is now a Third wave which is coming now and I Could tell you or give you a target for That white third wave as well take the Length of the wave one go to the high of The wave two and that takes us to around 28 cents for the third wave in white 28 I'm gonna put that onto the chart here Pretty much 28.1 I think it was pretty Much roughly Um and then away four up and the wave Five down to finish off yellow wave Three then there'll be yellow wave four Yellow wave five and so on so this would Remain so we can keep that actually the Primary count as long as we stay below The wave too high here at 30.9 cents Should we go above that My first assumption would be that the Wave 2 in yellow needs to go a bit Higher before we come down but generally The trend is down as long as we stay Below 33 cents Um and yeah also here are the macd on The one hour is now pushing down again Yeah Um starting with negative momentum The four hour We're a bit oversold Um well not anymore actually so also Here we would support further downside But the four hour is moving up a bit so Get conflicting thickness here of the One hour and the four hour
Um macd so again both of these Short-term possibilities are there but Generally the trend for me is down as we Are below the 33 Cent level and the Daily macd confirms that in that the Negative momentum here is clearly Reducing so that is generally the idea That yes we are still down Um short term We've got two clear possibilities here Depending on which level is breaking but Yeah that's my update about um Ada hope You liked the update if you did please Hit the like button leave a comment and Subscribe and if you really like the Content then please check out the Channel membership thanks a lot for Watching bye bye