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#ADA is a very interesting and revealing chart.
Notice that the most recent low was a NEW LOW. This means that we MUST count the large move up as A and NOT 1 (because wave 2 cannot retrace more than 100% x 1)
So the move down appears to be B and will likely go lower before the turnaround. The good news is, we should exceed $ADA 1.3278 in the Bull run expected to begin late this year.
RSI is near the bottom but can go lower in a capitulation scenario