Mrchilledwolf
Long

ADA Possible 16% gain, 5th wave confirmation.

BINANCE:ADABTC   Cardano / Bitcoin
This is my first TA on ADA using Elliot waves and Fibonacci.

I received my confirmations at the uptrend after wave 4 and according to my analysis ADA should go up by 16% ending wave 5. My TA is fully open to comments as I am still a student on Elliot waves and would appreciate any feedback or criticism.
Honestly I was thinking the same thing as you but the top of wave 1 was not respected by wave 4 as the following hours showed. It is possible that what you have labelled as 3 is the top of wave 5, (3) and (5) forming a double top. In which case we are in the corrective phase.

Disclaimer: I'm still an elliot noob.
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