Cardano Elliott wave cycles are nearing the highest – FXStreet

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Cryptocurrencies are still in the zone of strong resistance, but we are not sure if the intraday resistance is already there. Therefore, at this stage we are pursuing two interpretations of some of the most important coins.

According to Elliott Wave analysis, Cardano (ADA / USD) is in the final phase of the wave (5) and has now finally reached the level of 3.0 with space even up to 3.5. Remember, however, that we are in the target zone, so a reversal to a higher correction level can occur at any time.

ADA / USD 4h Elliott Wave analysis chart

Take a look at our analyzes for currencies and cryptos in the members area. Visit EW-Forecast for details!


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