In our last Cardano analysis we had 2 areas we were looking for a reversal. One of them was the structure level we are at now.
We're on the 5th wave, which is often a descending correction. Currently in wave E and waiting for the breakout, indicating a bullish reversal.
Trade Idea:
- Watch for bullish price action within the wedge (possibly double bottom)
- Enter with stops below the lows
- Targets: 2.4, 3, manually manage the rest
See below for our previous Cardano analysis:
Goodluck!
We're on the 5th wave, which is often a descending correction. Currently in wave E and waiting for the breakout, indicating a bullish reversal.
Trade Idea:
- Watch for bullish price action within the wedge (possibly double bottom)
- Enter with stops below the lows
- Targets: 2.4, 3, manually manage the rest
See below for our previous Cardano analysis:
Goodluck!
