Looks like an Elliot Wave - C leg.
A good place to retrace- Fibonacci Level 50.
100 EMA also walking on that Fib level.
A Potential Head&Shoulder waiting if can break the Support line.
Compare to the race from 7th March- momentum is now slower and had a rejection on 15th March.
Another reason is too much marketing of Coinbase listing ADA, means Big Boys' game....
Technical analysis:
. CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00032800 to 0.00030900). if so, traders can set orders based on Price...
Technical analysis:
. CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of...
Technical analysis:
. CARDANO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of...
Doing this as reference to look back at by the end of next month - Follow at your own discretion
I see a "Balancing" in stages between each dips high and each rising high - They almost perfectly match up symetrically candle for candle - Which for me, shows that next month will see some returns on this, if the corresponding pattern continues.
On the Truss - I...
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