Cardano Elliott Wave technical analysis [Video]

ADA/USD Elliott Wave technical analysis

• Function: Counter-Trend.

• Mode: Corrective.

• Structure: Flat.

• Position: Wave ((C)).

• Next higher degree direction: Wave II.

• Invalidation Level: N/A.

ADA/USD trading strategy

After a prolonged adjustment since late 2024 under a large ABC correction in Wave II, ADA is now signaling a potential reversal. The chart shows a “Bottom Confirmed” setup, pointing toward the beginning of Wave III, an upward impulse move.

• Wave I: Ended at $1.33

• Wave II: Consolidated for over 4 months in a Flat pattern

• Wave C: Finalized at $0.514

Trading strategies

• Strategy overview:

  • For short-term traders (Swing Trade):

    • Watch for entries in the $0.59–$0.57 range, targeting a breakout beyond the critical resistance level at $0.769.

• Risk management:

  • Invalidation Point: A move below $0.514 will signal a need for a new wave count.

ADA/USD Elliott Wave technical analysis

• Function: Counter-Trend.

• Mode: Corrective.

• Structure: Flat.

• Position: Wave ((C)).

• Next higher degree direction: Wave II.

• Invalidation level: N/A.

ADA/USD trading strategy

As seen on the H4 chart, ADA continues to show reversal signs after its correction phase since late 2024. The bottom appears confirmed, preparing the asset for the next impulse upward in Wave III.

• Wave I: Ended at $1.33.

• Wave II: Took over 4 months to complete in a Flat pattern.

• Wave C: Closed at $0.514.

Trading strategies

• Strategy overview:

  • For short-term traders (Swing Trade):

    • Entry range sits between $0.59–$0.57, anticipating a bullish break over $0.769.

• Risk management:

  • Invalidation Point: Drop below $0.514 will require reassessment of wave structure.

Cardano Elliott Wave technical analysis [Video]