Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartCardano/ U.S. dollar(ADAUSD)ADAUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave YDirection 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:
Overall the correction in wave (II) position is likely to end and price is now rising again in wave (III). Look for an opportunity to join the uptrend from a short-term pullback.Cardano/ U.S. dollar(ADAUSD)Technical Indicators:
The price is above the MA200 indicating an Uptrend. The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge H4 ChartCardano/ U.S. dollar(ADAUSD)ADAUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave YDirection 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:
Overall the correction in wave (II) position is likely to end and price is now rising again in wave (III). Look for an opportunity to join the uptrend from a short-term pullback.Cardano/ U.S. dollar(ADAUSD)Technical Indicators:
The price is above the MA200 indicating an Uptrend. The Wave Oscillator is a Bullish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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