Cardano (ADA) started its genesis with an ABC correction. A good number of earlier ICOs have this type of genesis and usually those ICO'd during a correction or soon before. The founder holders usually panic sell into the correction thinking the ETH (or whatever coin) received from pre-ICO could decline in value. Regardless, it doesn't change the destinations of waves. The chart below shows a red and a blue ABC pathways. The red shows a correction that could be complete and the blue shows a one more lower low potential. Would one panic sell should the blue scenario occur? I see it as an opportunity to deploy some cash using a laddered entry.
I've added the relevant subwaves for the red ABC scenario which indicates that current microwaves could nearly be complete. The five white subwaves of (c) could still get a lower low..but if it follows Bitcoin, the higher degree of trend wave (2) could be complete.
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