Cardano - Short Medium Term Trading Idea - 21 April 2022

ADAUSD ranging in 6% channel in past 10 days, but we have a capitulation and now forming good price indication for a strong uptrend. In next 2-3 days probably will continue the range in levels below $1.00 per ADA.


What is the supported thesis technically for the expected scenario on Cardano:

- price finishing harmonic 5-th impulse wave model with extended 5-th wave
- many good news coming soon some mention in tweet
- The MACD indicator is at the low and probably will perform well in the next couple of days
- good price action and engulfing and potential for forming head&shoulders on 4H time frame
- we can expect at least a 15% uptrend to the first resistance zone in the 1.10 area per ADA

If you have any questions related to this trading idea I will be happy to provide you with answers.