ADA: Cardano ready for bullish wave 5
Updated
Cardano has been moving sideways for a number of weeks now. However, it looks like it is ready for the next leg up. The Africa Special seems almost perfectly timed. Elliott waves 2 and 4 corrections are often alternating in form so the flat correction of the past few weeks fits in perfectly with the sharp correction it had last fall. Although it's not going to happen exactly the same as wave 1, I took the first wave and pasted it near the recent dip as a rough approximation of what could happen for wave 5. The pattern completes some time in Autumn with a $5-$9 price target.
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If you found value in this post or you've been receiving receiving good value from my posts, I'd appreciate a Thumbs Up and a Follow if you haven't already done so. Thank you.
DISCLAIMER: All investments involve risk or loss. None of my posts should be construed as financial advice. You are responsible for your own financial well being so always do your own diligence.
Note
This recent correction wicked into support and bounced right back. Cardano is already making new highs.
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