Cardano has tied its hiking boots and packed its backpack for the long trek uphill. It has left the valley where wave [ii] in magenta ended and has begun the new ascent. Thus, Cardano is sufficiently warmed up for the continuing climb and should reach a first target at $2.4574. From there, it can already see the next summit cross at $3.1000.
However, there is a not too small 45% chance that Cardano might need to go down again – to get its shoes repaired or to grab some more food supply or because it has forgotten to pack its rain gear, which is much needed in alpine terrain…