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Cardano (ADAUSD) Elliott Wave Technical Analysis 21 October 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 21 October 2022,

Cardano (ADAUSD)

ADAUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: Sub-wave of Wave V

Details: the price building in the sub-wave of wave (5), Price trend trade below 0.319 but must

not reverse above 0.3890

Wave Cancel invalid Level: 0.3890

Cardano (ADAUSD) Trading Strategy: The price continues its downward trend where

wave 5 tends to be equal to .618 x the length of wave 1 and wave 3 combines at 0.319 level.

Longer trading opportunities may be waiting for wave 5 to complete.

Cardano (ADAUSD)Technical Indicators: The price is below the MA200 MASO line, and

EW. Oscillator below zero-line momentum is Bearish.

Tradinglounge analyst : Kittiampon Somboonsod

 

1567373664_ADAday.thumb.png.b62f5610682b9b849a72ecf581a4ee58.png

 

 

 

Cardano (ADAUSD)

ADAUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: Sub-wave of Wave V

Details: the price building in the sub-wave of wave (5), Price trend trade below 0.319 but must

not reverse above 0.3890

Wave Cancel invalid Level: 0.3890

Cardano (ADAUSD) Trading Strategy: The price continues its downward trend where

wave 5 tends to be equal to .618 x the length of wave 1 and wave 3 combines at 0.319 level.

Longer trading opportunities may be waiting for wave 5 to complete.

Cardano (ADAUSD)Technical Indicators: The price is below the MA200 and MAS0 line,

momentum is Bearish. and EW.Oscillator has a bullish divergence short-term price

opportunity reverse.

1315156420_ADAh4.thumb.png.ae5a25060f79be3b99bf8bc809c59236.png

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