Hello 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
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
