ADAUSD Elliott Wave Analysis – TradingLounge Daily Chart
Cardano / U.S. Dollar (ADAUSD) Daily Chart Analysis
ADAUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Direction of Next Higher Degree: Wave (II)
Invalidation Level: Not specified
Details: The decline of Wave Y appears to be nearing completion, and the price is likely to resume its upward movement, re-entering the uptrend.
Cardano / U.S. Dollar (ADAUSD) Trading Strategy:
The Wave (II) correction seems to be finishing, indicating a potential upward price movement. Traders should look for opportunities to join the Wave (III) uptrend.
Cardano / U.S. Dollar (ADAUSD) Technical Indicators:
ADAUSD Elliott Wave Analysis – TradingLounge H4 Chart
Cardano / U.S. Dollar (ADAUSD) 4-Hour Chart Analysis
ADAUSD Price Prediction
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction of Next Higher Degree: Wave (2) of Impulse
Invalidation Level: Not specified
Details: Wave (2) appears to be ending, and the price will likely re-enter its upward trajectory.
Cardano / U.S. Dollar (ADAUSD) Trading Strategy:
The Wave 2 correction seems to be completed, suggesting a potential rise in price. Traders should monitor for entry points to join the Wave 3 uptrend.
Cardano / U.S. Dollar (ADAUSD) Technical Indicators:
Technical Analyst: Kittiampon Somboonsod
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