Cardano: In Wave [v]From the low of the orange wave on November 4 to the peak of the subsequent orange wave last Sunday, ADA surged by more than 100%. The brief pullback in the orange wave was caught by our now grayed-out Target Zone. Currently, the orange wave should be underway, potentially pushing the price well beyond the $0.65 resistance level. However, there remains a 33% chance for a bearish short-term alternative scenario. In this case, an imminent sell-off into our green Target Zone between $0.44 and $0.35 would occur. This would imply that ADA completed its orange five-wave upward structure at the $0.65 resistance and has already entered the subsequent corrective green wave alt.2.
Cardanoidea
ADA, Cardano - 2 scenarios with a clear goal🔨ADA broke the trendline on 1h timeframe. In the first scenario, the price will do an impulse after the breakout of the 1,65 level. In the second scenario, the price can retest trendline(good entry point) and go up to 1,9. Be careful and trade only on spot.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade