Elliott Wave Analysis TradingLounge Daily Chart, Jan. 23

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Cardano/U.S.dollar(ADA-X)

ADAUSD Elliott Wave Technical Analysis 

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: wave I of Motive

Wave Cancel invalid level: 0.3240

Details: wave ((3)) length usually 1.618 x wave 1 

Cardano/U.S.dollar (ADAUSD) Trading Strategy: Cardano Coin recovered well from the 0.2390 level, but since the price is still below the MA200, it may cause the price to be pressured by selling pressure. Trading should be done with caution.

Cardano/U.S.dollar (ADAUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum

TradingLounge Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, Jan. 23

Cardano/U.S.dollar (ADAUSD)

ADAUSD Elliott Wave Technical Analysis 

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: wave I of Motive

Wave Cancel invalid level: 0.3240

Details: wave ((3)) length usually 1.618 x wave 1 

Cardano/U.S.dollar(ADAUSD) Trading Strategy: Cardano Coin on the 4 hour chart; the price continues to rise, we expect the current structure to be in the third wave of impulse, usually lasting equal to 1.618 x Wave ((1)) at the level of 0.4965, but the price must not reverse below 0.3240.

Cardano/U.S.dollar (ADAUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line indicate Bullish momentum.

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