Cardano has been very strong since breakout.
But we really need a retrace to confirm supports.
Thus far we saw one leg pullbacks only, not 3 waves.
Currently at an important line: the Blue 2.618.
The 2.618 is often a strong support but was broken.
But even a once-broken 2.618 can form a "higher low".
Thus we can NOT be confident of Wave C happening.
.
This is an update to my ongoing anaylysis which started with aniticipated Breakout:
After the breakout, I had some near term targets which were hit and surpassed:
My last plot was expecting 1600 sats to be serious reistance, which proved correct:
Now watching closely for ABC to complete as normal, or to bounce off 2.618 and keep going:
But we really need a retrace to confirm supports.
Thus far we saw one leg pullbacks only, not 3 waves.
Currently at an important line: the Blue 2.618.
The 2.618 is often a strong support but was broken.
But even a once-broken 2.618 can form a "higher low".
Thus we can NOT be confident of Wave C happening.
.
This is an update to my ongoing anaylysis which started with aniticipated Breakout:

After the breakout, I had some near term targets which were hit and surpassed:

My last plot was expecting 1600 sats to be serious reistance, which proved correct:

Now watching closely for ABC to complete as normal, or to bounce off 2.618 and keep going:

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.