Cardano ADA (ADA-USD) Price Chart Analysis

Archive by author: Kittiampon SamboonsodReturn

11Aug

ADAUSD Elliott Wave Technical Analysis August 11 2023

Kittiampon Samboonsod | 11 Aug, 2023 | 0 Comments |

Kittiampon Somboonsod's Elliott Wave charts for Cardano (ADA) reveal a prevailing downtrend, with a potential slight uptick in the near future. The observed rise from 0.220 showcases a Zigzag correction within a triangle pattern, implying ongoing correction stability. Notably, the ascending E wave within the triangle points to a significant resistance level at approximately 0.349. Once the E wave concludes, ADA prices are anticipated to dip below 0.220. Stay informed with the latest ADAUSD p...

04Jul

ADAUSD Elliott Wave Technical Analysis July 05 2023

Kittiampon Samboonsod | 04 Jul, 2023 | 0 Comments |

In the latest technical analysis of Cardano (ADA), Kittiampon Somboonsod presents Elliott Wave charts for the 4-hour and daily timeframes. Following a recovery from the 0.220 level, Cardano has formed a robust five-wave structure, indicating the possibility of a new uptrend. However, it is worth noting that the price is currently below the MA200 line, which could attract selling pressure. Traders and investors are advised to monitor the resistance at the MA200 line closely. This analysis provide...

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