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]