19Feb
ADAUSD Elliott Wave Technical Analysis February 19 2023
ADAUSD Elliott Wave Technical Analysis February 19 2023
4Hour
Cardano /U.S.dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (2)
Direction Next higher Degrees: wave ((3)) of Motive
Wave Cancel invalid level: 0.3456.
Details: Retracement of wave (2) usually .50 or .618 x Length wave (1)
Cardano /U.S. dollar (ADAUSD) Trading Strategy: Retracement of wave (2) usually .50 or .618 x Length wave (1) before rising again in wave (3) there is support around 0.3748 but must not go below 0.3456.
Cardano /U.S.dollar(ADAUSD) Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish
Daily
Cardano /U.S.dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave I of Motive
Details: Wave ((3)) is usually 1.618 x Wave ((1)) in length.
Wave Cancel invalid level: 0.2390
Cardano /U.S. dollar (ADAUSD) Trading Strategy: It is possible that Cardano is rising in wave ((3)). If the price is able to break the MA200 line, it will support this idea and Wave 3 is equal to 1.618 multiplied Length of wave 1 at 0.6298.
Cardano /U.S.dollar(ADAUSD) Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators above Zero-Line momentum are Bullish
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