Bottom Line: Watching for evidence the wave ii of (i) correction ended.
Outlook: Expecting $ADA to recapture its 0.1542 high and beyond.
Analysis: Cardano has been in recovery mode. A break of 0.1542 is the next upside objective for the bulls. Higher in a subdividing wave iii patterns. The bulls are in control while 0.0756 stays intact as support. This is Key support for our outlook.
Key Levels:
Above 0.1140; 0.1279; 0.1542
Below 0.0882; 0756
Outlook: Expecting $ADA to recapture its 0.1542 high and beyond.
Analysis: Cardano has been in recovery mode. A break of 0.1542 is the next upside objective for the bulls. Higher in a subdividing wave iii patterns. The bulls are in control while 0.0756 stays intact as support. This is Key support for our outlook.
Key Levels:
Above 0.1140; 0.1279; 0.1542
Below 0.0882; 0756
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Cardano - Weekly
Bottom Line: Subdividing higher within wave 3.
Analysis
CARDANO $ADA is currently trading at its best highs since July 2019. Allowing for temporary setbacks, the trend should be pointing higher, ultimately towards a challenge of the January 2018 bull market peak of $1.38.
Bottom Line: Subdividing higher within wave 3.
Analysis
CARDANO $ADA is currently trading at its best highs since July 2019. Allowing for temporary setbacks, the trend should be pointing higher, ultimately towards a challenge of the January 2018 bull market peak of $1.38.
Comment:
Note: Prices can vary between CARDANO exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
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