ADA has put in a very nice low at the 0.5 fib, completing the wave 4.
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Trade Duration: Medium
Cardano is a decentralized public blockchain and cryptocurrency project and is a fully open source project. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform...
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Cardano is repeating the same pattern that led to the last retracement at the start of April. The Timings of the waves are almost exactly the same in the lead up (3 days up, 9 days down, 5 days up, followed by a week of contracting highs and lows before a break out).
We're currently just after the 9 days down and I expect that we'll see the price climb over the...
- Structure: Sideway
- Double top and bottom
- The pirce closed above support
--> Given double bullish candle
- Minor trend: Downtrend is broken.
- Higher high forming
- The price is pullback
--> Given signal Buy