Jump to content

Cardano (ADAUSD) Elliott Wave Technical Analysis 21 November 2022


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 21 November 2022,  
 
Cardano (ADAUSD)
ADAUSD Elliott Wave Technical Analysis  
Function: Follow trend
Mode: Motive
Structure: Diagonal
Position: Wave 5
Direction Next higher Degrees: Sub-wave of Wave C
Details: wave 5 in diagonal Usually has a length of .618 x the length of wave3 at level 0.2754.
Wave Cancel invalid level:
 
Cardano (ADAUSD) Trading Strategy: The final drop in the bear market There is overlap indicating a slowdown in the Diagonal Triangle pattern. Overall, the ADAUSD is still in a downtrend as prices are still below the MA50 MA200, although this is the end of the trend. Enter trades should wait for confirmation of a reversal to an uptrend first. because the price is still being pressured by buried sales
 
Cardano (ADAUSD) Technical Indicators: The price is below the MA200 MA50, indicating a downtrend. The Wave oscillator below Zero-Line Momentum is bearish.
 
TradingLounge Analyst: Kittiampon Somboonsod
 
 
1088748699_ADAday.thumb.png.76a0e84b8815dec10a836ec6cb979125.png
 
 
 
 
Elliott Wave Analysis TradingLounge 4H Chart, 21 November 2022,
Cardano (ADAUSD)
ADAUSD Elliott Wave Technical Analysis  
Function: Follow trend
Mode: Motive
Structure: Diagonal
Position: Wave 5
Direction Next higher Degrees: Sub-wave of Wave C
Details: wave 5 in diagonal Usually has a length of .618 x the length of wave3 at level 0.2754.
Wave Cancel invalid level:
 
Cardano (ADAUSD)Trading Strategy: The final drop in the bear market There is overlap indicating a slowdown in the Diagonal Triangle pattern. Overall, the ADAUSD is still in a downtrend as prices are still below the MA50 MA200, although this is the end of the trend. Enter trades should wait for confirmation of a reversal to an uptrend first. because the price is still being pressured by buried sales
 
Dogecoin (DOGEUSD) Technical Indicators: The price is below the MA200 MA50, indicating a clear downtrend. The Wave oscillator below Zero-Line Momentum is bearish.
1448190280_ADAh4.thumb.png.36b8ca9a7dadfbd5d30b0b07b2771b5e.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
×
×
  • Create New...