Cardano ADA LONG 8H TF Elliot WAVE, Big Opportunity
Hello Viewers.
Cardano & Stellar have shown a great impulsive waves at the start of the Bull Market phase which was followed by other major coins, however ADA seems to complete one Impulsive wave and as correction of the fifth wave one of the common structure of trend continuation is Symmetrical Triangle or typically known as pennant.
If we look at the MACD we see bouncing off 3 times the neutral zone which has been circled through the Brush, indicating we continue upward trend.
Entry is upon the confirmation of the Continuation structure.
Moving averages i.e 20EMA & 50MA should be held as support, losing this support is where SL has to be placed.
]If you agree to the idea, support us by hitting 👍and follow, so we can expand our community.
Enjoy!
Cardano & Stellar have shown a great impulsive waves at the start of the Bull Market phase which was followed by other major coins, however ADA seems to complete one Impulsive wave and as correction of the fifth wave one of the common structure of trend continuation is Symmetrical Triangle or typically known as pennant.
If we look at the MACD we see bouncing off 3 times the neutral zone which has been circled through the Brush, indicating we continue upward trend.
Entry is upon the confirmation of the Continuation structure.
Moving averages i.e 20EMA & 50MA should be held as support, losing this support is where SL has to be placed.
]If you agree to the idea, support us by hitting 👍and follow, so we can expand our community.
Enjoy!