Jump to content

Cardano(ADAUSD) Elliott Wave Analysis 19 August 2022


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 19 August 2022, Cardano(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave ((C))
Direction Next higher Degrees: Wave II of Motive
Details: corrective Expanded Flat In wave two, wave ((c)) is usual y 1.618 x wave ((A)).

Wave Cancel invalid Level: 0.4050
Cardano(ADAUSD) Trading Strategy: As this is a short correction to the uptrend so we should take the opportunity when the second wave is finished to join the trend again.

Cardano(ADAUSD) Technical Indicators: MACD crosses the signal line above the zero line. It may be a short-term reversal.

TradingLounge Analyst: Kittiampon Somboonsod

645278775_ADAday.thumb.png.bf9f06b58bbb45e5abc56bfa87bcaf53.png

 

 


Elliott Wave Analysis TradingLounge 4H Chart, 19 August 2022, Cardano(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave ((C))
Direction Next higher Degrees: Wave II of Motive
Details: corrective Expanded Flat In wave two, wave ((c)) is usual y 1.618 x wave ((A)).

Wave Cancel invalid Level: 0.4050
Cardano(ADAUSD) Trading Strategy: As this is a short correction to the uptrend so we should take the opportunity when the second wave is finished to join the trend again.

Cardano(ADAUSD) Technical Indicators: RSI enters Oversold Zone, beware of short term reversal

2001438582_ADAh4.thumb.png.60725338b10533db13dbc873e8b48d11.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • In the previous year, #bullrun2024 had been a trending hashtag as most crypto enthusiasts continually drooled over the prospects of witnessing another bull cycle. 2024 is finally here and so far so good has produced only fireworks. BTC has soared to 60k+, the market is green, and there’s a general sense that the bulls are returning. If there’s one thing that pays most in such bullish market, it is the flair to spot early gems and position oneself before a breakout. In that regard, Bitget has been my plug for a few years running. The early listing of $ORDI last year for instance before Binance listing 7 months after, and a surge ultimately is well documented. This year alone, Bitget has continued its wealth creation for users nicely, coins like $PORTAL, $GPT, $GTAI and so on have gone on to print for investors as depicted in the picture below. Web3 rewards not just active participation, but strategic positioning. There’s no gainsaying that the key to securing insane profits in this market is by positioning early and strategically too. Bitget’s eagle-eye for spotting early gem is a flex. Numbers don’t lie.  
    • Portal itself is awesome. Those who haven't got any airdrop, I think it's best time to accumulate for them.. tho, I'm gonna DCA....
    • Nope the hype is worth it. The project is dope itself as well as the team. Already deposited my bag at Bitget... Let's hope for the best 🤞
×
×
  • Create New...
us