According to our primary scenario, Cardano's ADA coin should imminently pull back toward the support at $0.31 to finally complete the blue wave (ii). With this low in place, we see the altcoin breaking out above the resistance at $1.32. If the price manages to rise above this mark without forming a new low first (33% likely), we will have to assume that wave alt.(ii) in blue is already complete.
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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.