ADA is still trading within a complex corrective pattern (4H)

1 239
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?
Zlecenie aktywne
It pumped more than 12% and reacted to the highlighted red supply zone

The setup is still valid

snapshot
Transakcja zamknięta: osiągnięto wyznaczony cel
It dropped more than 12% from the marked zone and reached the first target.
snapshot

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.