ADA Cardano crypto price news today Elliott Wave technical analysis [Video]
|Elliott Wave Analysis TradingLounge.
ADA/ U.S. dollar(ADAUSD).
ADA/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave B.
Direction next higher degrees:
Wave cancel invalid level:
Details: Short-term: Price will continue to rise in Wave B with target at 1.320.
ADA/ U.S. dollar(ADAUSD)Trading Strategy:
The price will continue to adjust up in Wave B with the target at 1.320. After Wave B is complete, the price is expected to adjust down to Wave C with the target possibly in the 0.703 zone.
Main outlook:
Short-term: Price will continue to rise to the target of 1.320.
Mid-term: Downward correction in Wave C may test the support level of 0.650.
Long-term: New uptrend will start when the corrective wave structure is complete.
ADA/ U.S. dollar(ADAUSD).
ADA/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave B.
Direction next higher degrees:
Wave cancel invalid level:
Details: Short-term: Price will continue to rise in Wave B with target at 1.320.
ADA/ U.S. dollar(ADAUSD).
The price will continue to adjust up in Wave B with the target at 1.320. After Wave B is complete, the price is expected to adjust down to Wave C with the target possibly in the 0.703 zone.
Main outlook:
Short-term: Price will continue to rise to the target of 1.320.
Mid-term: Downward correction in Wave C may test the support level of 0.650.
Long-term: New uptrend will start when the corrective wave structure is complete.
Technical analyst: Kittiampon Somboonsod.
ADA/USD Elliott Wave technical analysis [Video]
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