Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 ADA /USDT - Daily Time-Frame - Heiken Ashi
📌 Elliott Wave - Channels - Fibonacci - Price Aaction
📍Cardano is looking a little bit confusing in my eyes; it has already lost a very major support zone 2.0$ (which I personally did not think might have happened)
📍By the way, ADA is still bullish in 1.55 - 1.66$ price zone levels and may have a reversal from there!
📍 Cardano has already retraced about 50% of its previous wave which can be the 5th wave of the last cycle; it is so potential that it retrace about the 61.8% which can be the 1.55-1.60$ price range.
✍🏼 The 5th wave target is around the 3.64 price zone minimum
✍🏼 We are still the first wave of the 5th wave elliott
✍🏼 What I see from daily to one hour time frame just indicates bearish signs
✍🏼 I the daily time frame I can see a falling wedge triangle that may not be a good news for the price
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE ENTERING ANY SELL AND OR LONG POSITION
GOOD LUCK
NP TRADER
🕊 Wish y'all have a profitable lifestyle 🍀
📌 ADA /USDT - Daily Time-Frame - Heiken Ashi
📌 Elliott Wave - Channels - Fibonacci - Price Aaction
📍Cardano is looking a little bit confusing in my eyes; it has already lost a very major support zone 2.0$ (which I personally did not think might have happened)
📍By the way, ADA is still bullish in 1.55 - 1.66$ price zone levels and may have a reversal from there!
📍 Cardano has already retraced about 50% of its previous wave which can be the 5th wave of the last cycle; it is so potential that it retrace about the 61.8% which can be the 1.55-1.60$ price range.
✍🏼 The 5th wave target is around the 3.64 price zone minimum
✍🏼 We are still the first wave of the 5th wave elliott
✍🏼 What I see from daily to one hour time frame just indicates bearish signs
✍🏼 I the daily time frame I can see a falling wedge triangle that may not be a good news for the price
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE ENTERING ANY SELL AND OR LONG POSITION
GOOD LUCK
NP TRADER
Note
FALLING WEDGE MAY HAPPEN AT THIS LEVEL Trade closed: target reached
1.5 reachedNote
My fib channel is already broken
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.