🛑What will happen if $ADA breaks the parallel channel it is moving in now from the support line? 🤯Why is the $0.2880 price level important to us?
🔸Hello everyone. ADA has received a few confirmations for a big bearish movement. So this update is related to Elliott Wave and SMC. I started counting the impulsive wave from the lower low of 0.2503. So here too, the first wave worked like a golden pocket at the fib level. Then I have marked the 3rd wave that I counted, that is, the biggest wave, as you can see. The last wave was not a leading diagonal, but an ending diagonal, and Point (T) was created at the higher high of $0.3014. This is where the bearish movement that is continuing now will happen. After an impulsive wave, a motive wave is inevitably created. So this motive wave is working like a bearish descending pattern at 0.2840$, we can go for a sell entry. Because the last wave of the trend pattern has already been formed. Since the final D-E pattern has been formed, we can now look for a dump.
{future}(ADAUSDT)