ADAUSD Elliott Wave Technical Analysis March 09 2023
4Hour
Cadarno/U.S.dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Motive
Details: in an expanded flat, wave C equals 1.618 multiplied by the length of wave A
Wave Cancel invalid level: 0.2390
Cadarno/U.S.dollar(ADAUSD)Trading Strategy: Cardano tested resistance at the MA200 but was unable to hold it. causing the price to shrink But even so, we predict Declining in the second wave upon completion, prices rise again in the third wave in an uptrend. Wait for the second wave to complete to rejoin the trend where the level of 0.2390 must not be broken.
Cadarno/U.S.dollar(ADAUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish
Daily
Cadarno/U.S.dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Motive
Details: Retracement of wave (2) equal to .618 x Length wave (1) at 0.3064
Wave Cancel invalid level: 0.2390
Cadarno/U.S.dollar(ADAUSD)Trading Strategy: Cardano tested resistance at the MA200 but was unable to hold it. causing the price to shrink But even so, we predict Declining in the second wave upon completion, prices rise again in the third wave in an uptrend. Wait for the second wave to complete to rejoin the trend where the level of 0.2390 must not be broken.
Cadarno/U.S.dollar(ADAUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish
