In this scenario I think we are still on Wave IV of big Wave.
Chances of the pattern are:
- Flat
- ZigZag
- Expanded Flat
The invalidation of Flat & Zig Zag is at 18125
The invalidation of Expanded Flat is at 15575
If these 2 major invalidation line is broken then the scenario is invalid.
Right now we are on the way to wave E of triangle ABCDE wave B
There's still plenty of gaps that unfulfilled yet range from 32k to18k. Usually the gaps are gonna filled sooner or later. But in this case is it gonna be closed soon? From my analysis the global trend from economic to Ukraine war is pretty ugly makes this scenario is possible in the future.
The...
Based on my analysis cardano long term area between 2.0-2.3 or maybe more. The pattern is so clear if you look at 1D timeframe. For short term maybe a month is targeting to wave 3 which is at area 1.5 - 1.8 or maybe more.
Triangle ✓
Any Three ✓
Only one left pattern either triangle , zigzag , or flat
This is just my analysis where y is zigzag corrective wave and the target is 28k
Not financial advice, Just sharing my idea and my analysis hope its benefit you in making your decision
let me know other thoughts in the comment :)
