Hi everyone,
First of all i'm a beginner so this is just for entertainment purposes and not financial advise, always do your own research before investing.
I think in the long run ada is bullish but right now it has done it's first elliott wave and its looking for a retracement,
although i think this elliott wave is within another larger one, so it would be a small retracement before continuing it's bullish trend,
Please Comment your opinion i would love to see your analysis on this!
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And if we consider volume it is actually decreasing on the daily chart, indicating a retracement or an overall trend reversal ( which is unlikely at this point)