$ADA Buy zone and Targets, May 16 2018 #TomJimCrypto
Finished Elliott Wave 1, and as we can see, 0.5 fib is a strong support line for the 2nd wave, can go down more to 2650 where it hits the fib 65%, strong support.
Med risk
Buy zone: 3050-2700, don’t go all in, buy in pieces
Target:
Short time frame: 4270 R:R 1:3.6 47% profit
medium difficulty, Longer time frame: 5100, 73% profit 1:5.26 R:R
Also possible hitting the 6300 point, 114% profit R:R 1:8.1
Set Stop loss: 2520
Med risk
Buy zone: 3050-2700, don’t go all in, buy in pieces
Target:
Short time frame: 4270 R:R 1:3.6 47% profit
medium difficulty, Longer time frame: 5100, 73% profit 1:5.26 R:R
Also possible hitting the 6300 point, 114% profit R:R 1:8.1
Set Stop loss: 2520