I was expecting the imbalance above 2.52 to fill and price to reject off of 2.52. There was a previous imbalance in the previous structure that wasnt filled ($2.17-$2.33). Price just dumped to that imbalance and quickly rejected it. Now that the chart is balanced I expect to see new highs.
Cardano made it to $3! What a ride its been and SC haven't been released yet and we are so close! Cardano has been consolidating since the new ATH was hit. I expect cardano to go down to 2.52 before continuing to make new highs. Theres still some imbalance left that needs to be filled and under that is the mitigation point,which is where I expect a rejection and a...
Cardano has filled the imbalance I had charted. Cardano sold off and bounced off the .786 fib, I expect it to go a little lower, where the .68 fib ($2.56) is before seeing the continuation.
Smart contracts haven’t been released yet!!! Letsss goo! Now that cardano has finally cooled off a bit I can see cardano hanging around the resistance line where the previous ATH (oval circle) was before retracing down to the .618 fib. I expect some type of bounce to happen off of the .718 fib before. Once we retrace down to the .618 fib I could see a new ATH being hit.
This is just an update from my last idea. Cardano almost played that scenerio perfectly! Now since cardano is an all time high I’m going to see how cardano reacts to the all time high. It’s been hovering over the ATH just waiting to see if it breaks below or above to see what might happen. LETS GO TO THE MOON!
Cardano! Never failing to show her true power. Cardano has been on a great rally. It’s showing resistance at the .786 fib. With any rally, a pullback should be expected at some point. When that pullback does happen, i can see it going into the area where the boxes are, before continuing the move up. Remember this crypto and the markets are very volatile. Happy...
I believe Cardano hit its lowest that we will see from this point on. It rejected the previous structure and I believe it was just retracing (healthy price action). With all the new releases and Elon Musk POSSIBLY having an eye on Cardano, I can see much more growth for Cardano and $10 is just being conservative LONG TERM.
