Quick preview of my past TA - ADA/USD Technical Analysis - Bull's Eye! 12 April 2018
Here's what happened
Looking at the chart above, we can see that the price retraced back to $0.166 zone then went back up to $0.221 zone. It clearly followed the yellow ABCDE wave I have outlined yesterday.
The price is now retracing back and I am expecting it to go down up to $0.196 zone to complete the wave D then followed by an upward movement to $0.25 zone (wave E).
Clear breach of the $0.195 zone will invalidate the current count.
Disclaimer
This is my personal view and I don't claim it to be a professional financial guide. Your decisions are controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.
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