I've got some intriguing insights on Cardano's current chart dynamics. ๐โจ The price is about to complete an bullish contracting triangle. According to my primary analysis, I believe we might be in for a deeper C-wave, especially if the intraday low is breached and the price dips below $0.355. ๐
Why am I leaning towards the primary scenario? The same distance B extended above the starting point of the correction suggests that if C surpasses A, we could be looking at a 50% Fibonacci extension.
Alternatively, if (e) is already in play, breaking the $0.41 level could be a game-changer. ๐ฏ
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.
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.