Just as anticipated, the price of Cardano ADABTC has hit the 261% Fibo extension at the level of 0.00009234. This level might be the top for the wave (3) and if this level is the top for this wave, then the corrective cycle in wave (4) should retrace min. 38%, so the next target would be at the level of 0.00006641.
Please notice the wave labeled as (3) might keep going up to the next target projection without any significant corrective cycle, but for now, the move up looks extended and need some pause
Please notice the wave labeled as (3) might keep going up to the next target projection without any significant corrective cycle, but for now, the move up looks extended and need some pause
Trade active
The price behaves just as anticipated and after hitting 2615 Fibo entered a corrective ABC cycle down to the level of 0.000058 or 0.000050. Bounce or trend resumption ahead!Trade active
Buyback range: 0.000058 - 0.000050. :)
Related publications
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.
Related publications
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.