Technical analysis by Nabi_Gunduz about Symbol ADA on 1/3/2026

Hello, One of the most important features of the formation formed with Wolfe waves in the weekly time period is that the price passing over the trend line drawn from wave points 1 to 3 returns below this trend line and the formation produces a SELL signal and its first target is the level 4 of wave points. If this level is broken, there is a possibility that the trend line drawn from 1 to 4 will be another target. The SELL signal, which occurred after the third week of December 2024 with the candle closing under this trend line after the rising upper trend line on the chart was broken upwards, made a point shot at level 4 from the wave points of the formation, 42 candles after the formation produced the signal. Now, two things should be noted here. In case of a candle closing below level 4, 0.2750, there is a possibility that the price will target the trend line seen in red. Or; Level 4 may act as support and there may be a possibility that the price may now make a comeback. Although the distance may seem short, it should be noted that if the price targets the red trend line, your money could decrease to approximately 1 in 6. Considering that 1/3 of the price has been reached when the formation reaches its first target after the sell signal is formed, the fact that the second target can bring a much greater decrease should never be overlooked... NOTE: The Wolfe formation seen in this chart is a great example that is a lesson and has worked very well.