End-of-year price prediction for $ADA | Phantom Xtreme on Binance Square

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End-of-year price prediction for $ADA 

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$BTC Let's zoom out and gain some perspective + context. The Diagonal scenario is still looking great and remains our primary. Since last week, I would say we are around 50-70% complete with the correction. But, when zoomed out, it's pretty clear that we lack any kind of distribution (structure + time) for the follow up 1-2 correction. I wouldn't be surprised if #Bitcoin also took its time to create this wave 1-2 with even a WXY. For now, wave 2 seems a bit short for an ABC (but not impossible). Overall, the macro implications is still well within bullish territory. Important Considerations: 1️⃣ We have the 38.2% Fib confluence in line with the 200SMA daily. It's acting as a magnet support. Expect market manipulation around those levels. Could wick even into the .618 fib and still give us a relatively good structure if the correction is swift (fast). 2️⃣ Whether a red September is on the horizon or not, it does match with the overall timing aspect for this wave 1-2.$BTC

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$BTC : The price is now approaching the second trendline. We have 3 waves up so far. Minimally an ABC structure as shown in orange should ideally form. If after the first ABC pattern the pullback is a 3-wave move down, then further upside is possible in the white scenario.

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$AERO doesn’t give us much chart history to work with, so calling the long-term picture is speculative at best. But in the short term, the bulls have their eyes locked on $2.36. That’s the next key resistance level. If price can carve out a proper five-wave rally, we can start mapping support for wave ii and look for a higher low to set up the launchpad for a third-wave breakout. Until then, it’s all about watching whether the market delivers that clean five-wave structure.

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$BTC : Bitcoin has produced a bounce but has not yet managed to break above the upper trend line. So far, the move higher has unfolded only as a 3-wave rally, which supports the view that this is a corrective bounce and that the risk of lower lows remains elevated.

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