Cardano (ADA) is expected to experience a retracement in its price trend, according to Elliott Wave analysis. Kittiampon Somboonsod, using 4 Hour and Daily charts, predicts that ADAUSD will retrace in Wave II after failing to remain above the key support level of the MA200. The retracement is estimated to be at .50 or .618 x the wavelength of Wave ((1)) at 0.3058, after which the price is expected to resume its main trend in Wave III. This Cardano prediction is based on a thorough technical anal...
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