Jump to content

Cardano/U.S.dollar(ADAUSD) ADAUSD Elliott Wave Technical Analysis 23 January 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 23 January 23,  
Cardano/U.S.dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis 
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave I of Motive
Wave Cancel invalid level: 0.3240
Details:  wave ((3)) length usually 1.618 x wave 1

Cardano/U.S.dollar(ADAUSD) Trading Strategy: Cardano Coin recovered well from the 0.2390 level, and  havs a trend the price a chance to reverse the upward trend. But since the price is still below the MA200, it may cause the price to be pressured by selling pressure. Trading should be done with caution.

Cardano/U.S.dollar(ADAUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod



Elliott Wave Analysis TradingLounge 4H Chart, 23 January 23,  
Cardano/U.S.dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis 
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave I of Motive
Wave Cancel invalid level: 0.3240
Details:  wave ((3)) length usually 1.618 x wave 1

Cardano/U.S.dollar(ADAUSD) Trading Strategy: Cardano Coin on the 4 hour chart The price continues to rise, we expect the current structure to be in the third wave of Impulse, usually lasting equal to 1.618 x Wave ((1)) at the level of 0.4965, but the price must not reverse below 0.3240.

Cardano/U.S.dollar(ADAUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum.

ADAh4.thumb.png.4d1823b85561b034aa04d339fdb7bb2c.png

ADA day.png

  • Like 1
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

    • Still the silence is deafening in here. When will this happen?  it have moved most my Trading Capital to another broker who does support Trading veiw Does the deal with Tastytrade have something to do with this lack of progress?  
    • Well to me I feel that the  crypto market values transparency and reliable services. And Bitget has embraced this approach, attracting a large following,gaining up to 1.4million twitter followers,. Recent data shows significant growth in trading volume, solidifying its position in the market.  The exchanges  focus on user protection and satisfaction has fostered a loyal community. As the platform continues to evolve, its value may continue to grow. What are your thoughts on the importance of value in crypto, and what do you see as Bitget's future potential?
    • As more users embrace Dapp, it gets easier to trade crypto, engage in DeFi lending/borrowing and trade NFTs. With the growing need to trade NFT comes the introduction of Love Power Movement, a transparent and accessible marketplace with the best conditions for successful NFT sales. Although the NFT sector has recorded significant growth, it's still impeded by challenges like low protection of artists' and buyers' data, absence of organised policy protecting sellers and buyers amongst others. Love Power aims to tackle those by offering fixed commissions and royalties to creators, ensuring proper profit for sales. LPM token forming a crucial part of the ecosystem has been launched with no presale and VC investment, with intent to direct proceeds from token sales to NFT artists. As $LPM prepares to list on Bitget, the vast community of Love Power Movement would surely be watching keenly.
×
×
  • Create New...
us