Cardano Crypto Price News Today Elliott Wave Technical Analysis

[tradinglounge]

Elliott Wave Analysis TradingLounge Daily Chart,

Cardano/ U.S. dollar(ADAUSD)

ADAUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

position: Wave Y

Direction Next higher Degrees: wave (II)

Wave Cancel invalid level: 

Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.

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

Overall the correction in wave (II) position is likely to end and price is now rising again in wave (III). Look for an opportunity to join the uptrend from a short-term pullback.

Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

 

Elliott Wave Analysis TradingLounge H4 Chart,

Cardano/ U.S. dollar(ADAUSD)

ADAUSD Elliott Wave Technical Analysis 

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

position: Wave Y

Direction Next higher Degrees: wave (II)

Wave Cancel invalid level: 

Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.

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

Overall the correction in wave (II) position is likely to end and price is now rising again in wave (III). Look for an opportunity to join the uptrend from a short-term pullback.

Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

 

Technical Analyst : Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

[Alogminer]

I sold all my ADA. I used to really believe in it but the tech just isn't good enough. 

[cryptomaga]

I had high hopes for $ADA that it could be the next $SOL or $ETH but i think they need invest more in marketing and influencers.