Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count we had, waves 1, 2 and 3 were formed and now we are inside wave 4.
Wave 4 is zigzagged and from this zigzag the a and b waves are terminated.
Wave a is formed in an almost normal structure and wave b is temporally unbalanced.
Anyway, now we are likely to be inside wave c, and this wave c will be in the form of a leading triangle according to the pattern it has formed. If the range of 1.357 is not broken, the probability of this decline will be.
Then we will climb for wave 4 to the upper side of the channel and descend again for wave 5.
We know the final target of the correction is around the price of 0.800 and we will consider the beginning of the climb as the breaking of the purple channel ceiling.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
According to the count we had, waves 1, 2 and 3 were formed and now we are inside wave 4.
Wave 4 is zigzagged and from this zigzag the a and b waves are terminated.
Wave a is formed in an almost normal structure and wave b is temporally unbalanced.
Anyway, now we are likely to be inside wave c, and this wave c will be in the form of a leading triangle according to the pattern it has formed. If the range of 1.357 is not broken, the probability of this decline will be.
Then we will climb for wave 4 to the upper side of the channel and descend again for wave 5.
We know the final target of the correction is around the price of 0.800 and we will consider the beginning of the climb as the breaking of the purple channel ceiling.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️