28/08/2022
The Cardano currency is trading against the US dollar now in a corrective framework that represents the triangle wave ((x)), in which it ended four waves (A), (B), (C) and (D), and currently the currency is preparing to form the last wave (E) of the triangle, which targets prices at 61% retracement of wave (C) at 0.5165, and it can extend to more than. provided that the critical limit is not breached at the bottom of wave (D) at 0.4257.
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wave ((B)) is underway, currently ADA is developing wave A of it, we expect a sharp move higher in wave 3 of (A)
03/09/2022
It is still trading within the framework of a triangle wave (X) to form a bearish corrective pattern – Double zigzag WXY. And the critical limit that supports the formation of this wave (X) is 0.5948.
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As we mentioned in the monthly range, ADA is correcting in wave IV, The first side of wave IV ended at 0.4023, We expect the price to rally in 3 waves in wave ((B)).
Relative to bitcoin, we expect Cardano to correct in wave IV near the prior fourth wave.
