Jump to content

Cardano Crypto Price News Today Elliott Wave Technical Analysis


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart,

Cardano/ U.S. dollar(ADAUSD)

ADAUSD Elliott Wave Technical Analysis 

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (II) of Impulse

Wave Cancel invalid level:

Details: Wave II Is equal to 61.8% of Wave I at 0.358.

Cardano/ U.S. dollar(ADAUSD)Trading Strategy:

ADA overall is still in the period of correction. In the position of wave (II) with a Flat pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.

Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Crypto24(1).thumb.png.5a0fecb27f4d47a086a3452293852808.png

 

Elliott Wave Analysis TradingLounge H4 Chart,

Cardano/ U.S. dollar(ADAUSD)

ADAUSD Elliott Wave Technical Analysis 

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (II) of Impulse

Wave Cancel invalid level: 

Details: Wave II Is equal to 61.8% of Wave I at 0.358.

Cardano/ U.S. dollar(ADAUSD)Trading Strategy:

ADA overall is still in the period of correction. In the position of wave (II) with a Flat pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.

Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Crypto24.thumb.png.104eb87e7a7b4fba2bbafb83b4b27960.png

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

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

    • Price Increase: Over the last 24 hours, Litecoin (LTC) has increased by 4.5%, bringing its price to $70.26. Weekly Gain: This rise contributes to an overall gain of 8% over the past week, emphasizing the coin's positive momentum. Historical Context: With an all-time high of $410.26, investors are closely monitoring LTC as it approaches a crucial resistance zone. Price Predictions for October Short-Term Forecast: Looking ahead, Litecoin price predictions for the first week of October suggest modest growth, with expected prices ranging from $75.73 to $79.39. Increased Trading Volume: Litecoin's trading volume has surged by 18% in the past week, reflecting increased market activity. Circulating Supply: The circulating supply has decreased slightly to 75.02 million coins, which is about 89.31% of its maximum supply. Navigating Resistance Levels High Liquidity Zone: Litecoin is nearing a critical high liquidity zone above $70. Historically, this zone acts as a strong resistance level due to significant selling pressure. Potential Volatility: As LTC approaches this threshold, increased price volatility may occur. If there is strong bullish momentum backed by buy orders, Litecoin could potentially break through this resistance. Market Sentiment Positive Sentiment: Recent data from Coinglass shows a predominantly positive sentiment around LTC, with funding rates remaining favorable over the past week. This suggests that many traders are optimistic about future price increases. Upcoming Price Predictions: Current forecasts indicate that by September 30, LTC could trade around $73.84, with a maximum potential price of $79.01. As Litecoin navigates this pivotal moment, the focus on its price prediction remains crucial for investors eager to see if it can break through significant resistance levels and maintain its upward trajectory.
    • With Bitcoin rising above $65K, it's an ideal moment to capitalize on market momentum by joining trading competitions and earning additional income. If you're a crypto enthusiast aiming to sharpen your trading skills, grow your community, and increase your presence in the industry, I suggest exploring Bitget's Builder Program.   This Builder Program offers exclusive perks and benefits to help you build a thriving crypto community while providing access to valuable resources as the bull market gains momentum. As a member, you'll gain recognition in the crypto space, unlock VIP trading features, and connect with traders worldwide.   One of the standout benefits is the chance to trade and earn up to $1,000 weekly. This program presents a great opportunity to enhance your earnings while actively engaging with the market. For more details, you can search for " Bitget Builders harvest time trading battle" on Google or ask some questions in the comments..
    • The $CATS airdrop has officially started today, which is great news! Bitget is distributing 30k $CATS to the first 200k users, along with other exciting rewards. To qualify, follow these steps: 1. Open the bot. 2. Select Bitget as the exchange to deposit (it’s listed first). 3. Submit your UID and Cats deposit address. 4. Click send. It's that easy! If you've been farming $CATS, this is a great opportunity to boost your holdings with just a few simple tasks.  
×
×
  • Create New...
us