02May
ADAUSD Elliott Wave Technical Analysis May 03 2023
ADAUSD Elliott Wave Technical Analysis May 03 2023
4Hour
Cardano /U.S.dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave B
Direction Next higher Degrees: wave (2) of Motive
Details: Wave reversal ((2)) has a probability of .786 x length Wave ((1)).
Wave Cancel invalid level: 0.3892
Cardano /U.S.dollar(ADAUSD)Trading Strategy: There is an additional downside risk of a wave C correction and corresponds with prices below the MA200 line, which provides a general picture of a short-term downtrend. Wait for the fix to finish to join the trend again.
Cardano /U.S.dollar(ADAUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend MACD and RSI are Bearish Momentum
Daily
Cardano /U.S.dollar(ADAUSD)
ADAUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave B
Direction Next higher Degrees: wave (2) of Motive
Details: Wave reversal ((2)) has a probability of .786 x length Wave ((1)).
Wave Cancel invalid level: 0.3892
Cardano /U.S.dollar(ADAUSD)Trading Strategy: There is an additional downside risk of a wave C correction and corresponds with prices below the MA200 line, which provides a general picture of a short-term downtrend. Wait for the fix to finish to join the trend again.
Cardano /U.S.dollar(ADAUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend MACD and RSI are Bearish Momentum
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