Cardano Crypto Price News Today Elliott Wave Technical Analysis - Sunday, September 8
Elliott Wave Analysis TradingLounge Daily Chart,
Cardano / U.S. dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
position: Wave Y
Direction Next higher Degrees: wave (II)
Wave Cancel invalid level:
Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.
Cardano / U.S. dollar(ADAUSD)Trading Strategy:
It looks like the wave (II) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (III) uptrend.
Cardano / U.S. dollar(ADAUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
(Click on image to enlarge)
Elliott Wave Analysis TradingLounge H4 Chart,
Cardano / U.S. dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
position: Wave C
Direction Next higher Degrees: Wave (2) of Impulse
Wave Cancel invalid level:
Details: Wave (2) is likely to end and the price is re-entering the uptrend.
Cardano / U.S. dollar(ADAUSD)Trading Strategy:
It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend.
Cardano / U.S. dollar(ADAUSD)Technical Indicators: The price is below the MA200indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
(Click on image to enlarge)
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