Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartCardano/ U.S. dollar(ADAUSD)ADAUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level:Details: Wave II Is equal to 61.8% of Wave I at 0.358.Cardano/ U.S. dollar(ADAUSD)Trading Strategy:
ADA overall is still in the period of correction. In the position of wave (II) with a Flat pattern, the view is for a short-term pullback before rising again in wave (III). Wait for the correction to complete to rejoin the uptrend.Cardano/ U.S. dollar(ADAUSD)Technical Indicators:
The price is below the MA200 indicating a downtrend. The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge H4 ChartCardano/ U.S. dollar(ADAUSD)ADAUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level: Details: Wave II Is equal to 61.8% of Wave I at 0.358.Cardano/ U.S. dollar(ADAUSD)Trading Strategy:
ADA overall is still in the period of correction. In the position of wave (II) with a Flat pattern, the view is for a short-term pullback before rising again in wave (III). Wait for the correction to complete to rejoin the uptrend.Cardano/ U.S. dollar(ADAUSD)Technical Indicators:
The price is below the MA200 indicating a downtrend. The Wave Oscillator is a Bearish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
More By This Author:Wheat Commodity Elliott Wave Technical Analysis – Thursday, June 20
DAX Index Elliott Wave Technical Analysis 1
NZDUSD Forex Elliott Wave Technical Analysis
