Cardano Can Retest December 2023 Highs

ew-forecast Updated   
Cardano with ticker ADAUSD can be trading in a higher degree wave (5) that can retest the December 2023 highs.
Looking at the short-term hourly chart, we see it slowing down for subwave iv correction before a continuation higher for wave v of (5) towards 0.70 - 1.00 target area. Ideal support comes here around base channel resistance line and 0.58 - 0.56 area.
Cardano is back to December 2023 highs as expected!

Elliott Wave Service
👉 www.wavetraders.com
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