Where does ADA stand currently?
From the point where we placed the red arrow on the chart, Cardano's correction began, and from the point where we placed the green arrow, Cardano's bullish pattern started.
The correction appears to be a symmetrical one, while the new bullish pattern seems to form an expanding triangle.
From the green zone, Cardano may potentially move upward again to complete wave E.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
The correction appears to be a symmetrical one, while the new bullish pattern seems to form an expanding triangle.
From the green zone, Cardano may potentially move upward again to complete wave E.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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