Hi every one
Cardano / US Dollar
If we try to put the Elliot waves principle on ADA/USDT we can understand that the price has completed all the waves (first 5 impulse waves and the ABC correction) but the correction is a little bit different. It's form is called flat(As you can see the B Wave has reached the point where 5th wave was.)the Elliot waves principle has been completed and after the completion we expect the trend (which is bullish) to take control of the price. Also the price has been In a ascending rectangle for quite some time that is a bullish sign too! An other thing is that there are hidden bullish divergences on both MACD and RSI indicators which is another bullish signal as well! With all these signals we can expect the price to increase from this point!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
Cardano / US Dollar
If we try to put the Elliot waves principle on ADA/USDT we can understand that the price has completed all the waves (first 5 impulse waves and the ABC correction) but the correction is a little bit different. It's form is called flat(As you can see the B Wave has reached the point where 5th wave was.)the Elliot waves principle has been completed and after the completion we expect the trend (which is bullish) to take control of the price. Also the price has been In a ascending rectangle for quite some time that is a bullish sign too! An other thing is that there are hidden bullish divergences on both MACD and RSI indicators which is another bullish signal as well! With all these signals we can expect the price to increase from this point!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
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t.me/CobraVanguard
✨Get access to the private club with VIP signals:
t.me/Sinakobraei
🌎Social Media links :
linktr.ee/CobraVanguard
🤍Trade where I Trade:
CoinEX👉 rb.gy/yd2r9v
