“… that leads to your door will never disappear…”
Quite similar to the road in the famous Beatles-song, Cardano’s development has also been a long and winding road in the last few months. Now that it has finished its extended wave [iii] as well as its shorter wave [iv] in magenta, we see Cardano heading through the support at $0.92258 and to the green door between $0.93552 and $0.27674. In this door frame, the price should turn around and rise up again.
Still, there remains a 25% chance that Cardano does not make it into the green door frame, but instead rises above the resistance at $1.63781. If it has managed to get this far, the price could also reach further destinations at $2.4574 and $3.1000.
Quite similar to the road in the famous Beatles-song, Cardano’s development has also been a long and winding road in the last few months. Now that it has finished its extended wave [iii] as well as its shorter wave [iv] in magenta, we see Cardano heading through the support at $0.92258 and to the green door between $0.93552 and $0.27674. In this door frame, the price should turn around and rise up again.
Still, there remains a 25% chance that Cardano does not make it into the green door frame, but instead rises above the resistance at $1.63781. If it has managed to get this far, the price could also reach further destinations at $2.4574 and $3.1000.
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🚀 Spot trends early with momentum, sentiment & price structure
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.