$ADA advance — possibly impulsive, not yet confirmed.
From the June low, the rally shows overlap, which reads more like a leading diagonal or corrective base than a clean five-wave impulse. But the latest leg from August is sharp, broke above the prior swing high near $0.20, and RSI is above 70 — credible impulsive traits.
What I'm watching:
• Strong daily close above ~$0.21–$0.22
• Controlled three-wave pullback holding ~$0.18–$0.19
• Subsequent higher high with clear five-wave subdivision
Invalidation:
• Reversal below ~$0.18 weakens the impulsive read
• Loss of the July/August higher-low region near $0.15 largely invalidates it
Bottom line: encouraging structure, possibly impulsive, but still awaiting confirmation. Stay disciplined and let the structure prove itself.
From the June low, the rally shows overlap, which reads more like a leading diagonal or corrective base than a clean five-wave impulse. But the latest leg from August is sharp, broke above the prior swing high near $0.20, and RSI is above 70 — credible impulsive traits.
What I'm watching:
• Strong daily close above ~$0.21–$0.22
• Controlled three-wave pullback holding ~$0.18–$0.19
• Subsequent higher high with clear five-wave subdivision
Invalidation:
• Reversal below ~$0.18 weakens the impulsive read
• Loss of the July/August higher-low region near $0.15 largely invalidates it
Bottom line: encouraging structure, possibly impulsive, but still awaiting confirmation. Stay disciplined and let the structure prove itself.