Quick ADA/USDT Update - Binance ADAUSDT Pair Announcement Effect - 17 April 2018

This was what I posted earlier today.

2-3 hours after my post, binance suddenly announced that they have added ADAUSDT pair. Here's what happened.

As you can see, the price was on its way down and a sudden upward spiked happened. That's how fast news affects technical analysis.

Anyway, I'll just treat the sudden spike the completed wave E. Below is the adjusted probable corrective path.

However, there is still a possibility of an upward trend up to $0.3 zone (2.618 Fib. extension of wave A and B) if a clear breach of $0.28 zone will happen.

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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