Halbu

Cardano possible retracement targets and going for the 5th wave

BINANCE:ADABTC   Cardano / Bitcoin

We've hit 2.62 fib extention for the 5th wave so this is little bigger than I expected. Now since (3) is completed we need to retrace to a region above (1) and often between smaller III and IV wave (from the bigger (3) ). Since (2) was deep - we can assume (4) will hit 0.382-0.414 -> and it is also in the range of those smaller III and IV waves.
After that we can target where the 5th wave can end.


I missed the top here and noticed we already wend down a little bit. R:R is not great to enter short position here so it will be better to wait for 4th wave to finish (also btc might stop dropping simultaneously)
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.