And in the lower time frames , We will review the chart
Cardano can have a good profit
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It can still have a bullish microwave
Support : 2350 Resistance : 2470
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40% profit after our first analysis... but in our eyes it might enter a temporary correction phase after completing wave 5. If #ADA loses 2850 support it might go down to 2750 or lower ...
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We analyze cryptocurrencies on the TA basis more often, but #ADA has a great fundamental situation apart from its technical analysis. Thus, #ADA at current prices is below its fundamental values and can experience a great growth in mid-term.
In this TA we talk about 5 impulse waves which is not the end for #ADA big movement and it is just a small growth in its overall growth cycle.
We always prefer mid-term point of view but this chart is for the ones who are interested in a little bit of swing trades and some more profit along the way...!
Therefore you may want to exit at current prices temporarily and wait for lower prices to appear in the next few days...