Potential Long Trade Setup – Elliott Wave Analysis (4H)
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We are currently witnessing the development of a third wave on the 4H timeframe. Based on the familiar structure of previous movements, this wave could extend towards the 4.25 and 6.85 Fibonacci levels, making them potential take-profit zones.
Following this, we expect a wave 4 retracement before a final wave 5 push, which could bring the price into the $3–$5 range — marking a new all-time high for Cardano!
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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.