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asodaforbabyyoda
Apr 29, 2021 11:16 PM

ADA: Cardano ready for bullish wave 5 Long

Cardano / US DollarBinance

Description

Cardano has been moving sideways for a number of weeks now. However, it looks like it is ready for the next leg up. The Africa Special seems almost perfectly timed. Elliott waves 2 and 4 corrections are often alternating in form so the flat correction of the past few weeks fits in perfectly with the sharp correction it had last fall. Although it's not going to happen exactly the same as wave 1, I took the first wave and pasted it near the recent dip as a rough approximation of what could happen for wave 5. The pattern completes some time in Autumn with a $5-$9 price target.

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Comment

This recent correction wicked into support and bounced right back. Cardano is already making new highs.
Comments
asodaforbabyyoda
We've solidly flipped resistance and have a new all time high! Excellent start for wave 5!
techiebrad89
Thanks for sharing. Let’s hope you’re right. I’m all in on ADA.
z_hq
thanks for the chart--let's hope this plays out--good for the coin holders/stakers and the cardano ecosystem!
aquaduct1991
Nice TA. Much appreciated . Keep the good work up 👍
asodaforbabyyoda
@aquaduct1991, Thank you.
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