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Elliott Wave Analysis TradingLounge Daily Chart, 29 March 2023.  

Cardano /U.S. Dollar(ADAUSD)

ADAUSD Elliott Wave Technical Analysis

Function: Follow trend    

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Impulse

Wave Cancel invalid Level: 0.045

Details: Wave II is likely to end at the level of 0.055 and a five-wave rise from this level will confirm it.

Cardano /U.S. Dollar (ADAUSD) Trading Strategy: Cardano has recovered well and we expect wave ((2)) to end at the level of 0.2977. Five waves of rise from this point and the price can break the MA200 line will support this idea. where the price is likely to trade above the level of 0.5787.

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

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 29 March 2023.  

Cardano /U.S.dollar(ADAUSD)

Tuesday 29 March 23

ADAUSD Elliott Wave Technical Analysis

Function: Follow trend    

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: wave III of Impulse

Wave Cancel invalid Level: 0.045

Details: Wave II is likely to end at the level of 0.05688 and a five-wave rise from this level will confirm it.

Cardano /U.S. Dollar (ADAUSD) Trading Strategy: Cardano has recovered well and we expect wave ((2)) to end at the level of 0.2977. Five waves of rise from this point and the price can break the MA200 line will support this idea. where the price is likely to trade above the level of 0.450.

Cardano /U.S. Dollar(ADAUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish.

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