ADAUSD ranging in 6% channel in past 10 days, but we have a capitulation and now forming good price indication for a strong uptrend. In next 2-3 days probably will continue the range in levels below $1.00 per ADA. What is the supported thesis technically for the expected scenario on Cardano:
- price finishing harmonic 5-th impulse wave model with extended 5-th wave
- many good news coming soon some mention in tweet
- The MACD indicator is at the low and probably will perform well in the next couple of days
- good price action and engulfing and potential for forming head&shoulders on 4H time frame
- we can expect at least a 15% uptrend to the first resistance zone in the 1.10 area per ADA
If you have any questions related to this trading idea I will be happy to provide you with answers.
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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.