Just as anticipated, the price of Cardano ADABTC has hit the 261% Fibo extension at the level of 0.00009234. This level might be the top for the wave (3) and if this level is the top for this wave, then the corrective cycle in wave (4) should retrace min. 38%, so the next target would be at the level of 0.00006641. Please notice the wave labeled as (3) might keep going up to the next target projection without any significant corrective cycle, but for now, the move up looks extended and need some pause
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The price behaves just as anticipated and after hitting 2615 Fibo entered a corrective ABC cycle down to the level of 0.000058 or 0.000050. Bounce or trend resumption ahead!
what are the chances of correction. I have been waiting ready to pull the trigger on a big buy but Im still unsure if were gonna see a correction or more pump.
XmOkEy
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@abardini, A correction is necessary and healthy for a good wave 5. ADA tends to do consolidation phases instead of big corrections so I would expect several days of that, similar to what we have seen in the previous waves.