Quick preview of my past TA - ADA/USD Technical Analysis - 13 April 2018

Here's what happened.

As expected, the price went down to $0.196 zone and is now currently at $0.252. In my past TA, I said that $0.25 zone will complete the wave E, thus a minor correction may follow. However, if price breached the $0.26 zone resistance, there is a possibility for wave E to continue to 2.618 Fib. extension of wave AB ($0.30 zone).

15-min MACD indicator signals bearish divergence, thus, supports the expected correction. Probable corrective wave path is outlined below.

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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