Description
⋅ This is the same pattern all the Altcoins are showing and we already know that the market is interrelated.
What one does, the rest follows.
I will keep it simple. | Cardano (ADAUSDT)
#1 | A low was hit in December 2022, the reversal starts this date.
#2 | The bullish breakout happens in January 2023 and peaks February.
#3 | A correction starts and ends mid-March.
#4 | Resumption of the bullish move. Higher low leads to higher high.
#5 | Fib. extension target calls for $0.59.
The next target would be the end of Wave 3 based on EW, meaning that we still have Wave 5 of this bullish impulse.
Wave 4 is another correction and Wave 5 the final high before the correction for the entire impulse.
The last wave is the speculative wave and when the fireworks should happen.
Namaste.