ADA is still trading within a complex corrective pattern (4H)
Cardano is still trading within a complex corrective pattern. The recent decline appears to have formed Wave A, followed by the completion of Wave B. The price now seems to be developing the lower-degree Wave C, which is expected to be bearish.
It is worth noting that the higher time frame trend remains bearish.
We are looking for sell/short opportunities within the highlighted supply zone.
The targets are marked on the chart. At the first target, secure partial profits and then move your stop loss to break-even.
Let's see how it plays out.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think CARDANO is bullish?
It is worth noting that the higher time frame trend remains bearish.
We are looking for sell/short opportunities within the highlighted supply zone.
The targets are marked on the chart. At the first target, secure partial profits and then move your stop loss to break-even.
Let's see how it plays out.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think CARDANO is bullish?
Trade active
It pumped more than 12% and reacted to the highlighted red supply zoneThe setup is still valid
Trade closed: target reached
It dropped more than 12% from the marked zone and reached the first target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.