ADAUSD Elliott Wave Analysis TradingLounge Daily Chart
Cardano/ U.S. dollar (ADAUSD) Chart Analysis
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: Wave II is equal to 61.8% of Wave I at 0.358.
Cardano/ U.S. dollar (ADAUSD) Trading Strategy:
ADA is currently in a corrective phase. Positioned in Wave (II) with a Flat pattern, expect a short-term pullback before an upward move in Wave (III). Wait for the correction to end before rejoining the uptrend.
Cardano/ U.S. dollar (ADAUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The Wave Oscillator shows Bearish Momentum.
ADAUSD Elliott Wave Analysis TradingLounge 4H Chart
Cardano/ U.S. dollar (ADAUSD) 4-Hour Chart Analysis
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: Wave II is equal to 61.8% of Wave I at 0.358.
Cardano/ U.S. dollar (ADAUSD) Trading Strategy:
ADA is in a corrective phase. Positioned in Wave (II) with a Flat pattern, anticipate a short-term pullback before an upward move in Wave (III). Wait for the correction to complete before rejoining the uptrend.
Cardano/ U.S. dollar (ADAUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The Wave Oscillator shows Bearish Momentum.
Technical Analyst: Kittiampon Somboonsod
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See Previous: DogeCoin/ U.S. dollar(DOGEUSD) Elliott Wave Technical Analysis
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