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Elliott Wave Analysis TradingLounge Daily Chart
Cardano/ U.S. dollar (ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave C
Direction Next higher Degrees: wave (II) of Impulse
Wave Cancel invalid level:
Details: Wave II Is equal to  61.8% of  Wave I at 0.358 

Cardano/ U.S. dollar(ADAUSD)Trading Strategy:
The second wave correction is likely to go down to test the 0.356 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend.

Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, and The Wave Oscillator has a Bearish Momentum.


 

Elliott Wave Analysis TradingLounge H4 Chart,
Cardano/ U.S. dollar(ADAUSD)
LINKUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 5
Direction Next higher Degrees: Wave ((C)) of Zigzag
Wave Cancel invalid Level: 81.238
Details: The Five-Wave Decline of Wave ((C)) trend to test 11.582 Level

Cardano/ U.S. dollar(ADAUSD)Trading Strategy:
The second wave correction is likely to go down to test the 0.356 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend.

Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, and The Wave Oscillator has a Bearish Momentum.

Technical Analyst: Kittiampon Somboonsod 

Source: Tradinglounge.com

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