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Ellliottwave

Waiting Game ADAUSD: Bullish long term scenarioHello traders and investors, Today we are looking at Cardano (ADA/USD) for a possible long term projection. We have recently broken the ATH and look at the price skyrocketing on the daily basis, but where we are in the cycle? Looking at the structure from the inception, I believe we are in primary wave 3 (purple) and we are targeting the 1.618 (minimum guideline projection)( which should be around $18. Looking at the breakdown on primary wave 3 (purple), I consider the current movement an intermediate wave 5 (blue) which could complete with a nice relationship intermediate wave 1 = intermediate wave 5, at the middle line of the pitchfork (!!!!) If the analysis plays out, I would expect the completion around mid-Jan 22. By that time I should have accumulated enough. Let's see what happens next
KRAKEN:ADAUSDLong
by Dry-Storm
Elliott Wave View: EURUSD Further Downside LikelyShort-term Elliott wave view in EURUSD suggests that the cycle from 24 May 2021 high is unfolding in a zigzag correction. The structure remains incomplete favoring more downside extension. Up from that high, the pair has ended the first leg in wave (A) at 1.1752 low. Then wave (B) pullback ended at 1.1908 high and the pair continued lower. Down from wave (B), wave (C) remains in progress in lesser degree 5 waves structure. Wave 1 of (C) is taking the form of a leading diagonal structure. The wave ((i)) of 1 ended at 1.1706 low. Wave ((ii)) pullback ended at 18.05 high. Wave ((iii)) drop finished at 1.1694 and wave ((iv)) rally ended at 1.1743. Near-term, as far as bounces remain below wave ((iv)) high at 1.1743, expect EURUSD to extend lower within wave ((v)) and complete wave 1 in red. Afterwards, we should look for a corrective bounce in at least 3 swings to complete wave 2 before see further downside in an impulse structure within wave (C). Potential target lower in wave (C) is 100% – 123.6% fibonacci extension from January 6, 2021 high towards 1.147 – 1.162 area.
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by Elliottwave-Forecast
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