ADAUSD Elliott Wave Analysis TradingLounge Daily Chart

Cardano/ U.S. dollar (ADAUSD)

ADAUSD Elliott Wave Technical Analysis 

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (II) of Impulse

Wave Cancel invalid level: 

Details: Wave II Is equal to  61.8% of  Wave I at 0.358 

Cardano/ U.S. dollar(ADAUSD)Trading Strategy:
The second wave correction is likely to go down to test the 0.356 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend.

Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, and The Wave Oscillator has a Bearish Momentum.

ADAUSD Elliott Wave Analysis TradingLounge H4 Chart,

Cardano/ U.S. dollar(ADAUSD)

LINKUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 5

Direction Next higher Degrees: Wave ((C)) of Zigzag

Wave Cancel invalid Level: 81.238

Details: The Five-Wave Decline of Wave ((C)) trend to test 11.582 Level

Cardano/ U.S. dollar(ADAUSD)Trading Strategy:
The second wave correction is likely to go down to test the 0.356 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend.

Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: XRPUSD Elliott Wave Technical Analysis

TradingLounge Once Off SPECIAL DEAL: Here > 1 month Get 3 months.

TradingLounge's Free Week Extravaganza!

April 14 – 21: Unlock the Doors to Trading Excellence — Absolutely FREE