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

[tradinglounge]

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.

[mightydron]

hey. thank you for this analylis!