Hello Traders Investors And Community,
Welcome to this analysis about Cardano, we are looking at the daily timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Cardano recent times was one of the currencies that managed to hold its structure and do not show up with such a increases bearish protraction and exaggeration like it was in other cases, in this case, it is also necessary to distinguish Cardano from other important cryptocurrencies as not each is building similar structures, therefore I detected all the important levels and likely destinies we should consider within the established structure and the upcoming movements ahead the next times.
As when looking at my chart now we can watch there how Cardano has developed this main ascending-channel-formation marked with the boundaries in blue, within this channel Cardano has already completed the sub-wave-count of the major C wave in the main wave-count to the upside and now lastly Cardano is moving with the wave D into the lower-boundary where an origin of the wave E to the upside is likely, this will be highly crucial because when Cardano does not hold the given supports and moves below the boundary such a price-action can also invalidate the whole formation and upcoming dynamic again. Taking all these factors into the consideration now Cardano has established a structure from where it has the ability to back-up and stabilize further therefore it rightly needs to hold the structure and do not show up with bearish invalidation signs again that can invalidate the whole formation nevertheless when Cardano manages to build up in the structure a final continuation will establish above the boundary, it will be an interesting journey ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about Cardano, we are looking at the daily timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Cardano recent times was one of the currencies that managed to hold its structure and do not show up with such a increases bearish protraction and exaggeration like it was in other cases, in this case, it is also necessary to distinguish Cardano from other important cryptocurrencies as not each is building similar structures, therefore I detected all the important levels and likely destinies we should consider within the established structure and the upcoming movements ahead the next times.
As when looking at my chart now we can watch there how Cardano has developed this main ascending-channel-formation marked with the boundaries in blue, within this channel Cardano has already completed the sub-wave-count of the major C wave in the main wave-count to the upside and now lastly Cardano is moving with the wave D into the lower-boundary where an origin of the wave E to the upside is likely, this will be highly crucial because when Cardano does not hold the given supports and moves below the boundary such a price-action can also invalidate the whole formation and upcoming dynamic again. Taking all these factors into the consideration now Cardano has established a structure from where it has the ability to back-up and stabilize further therefore it rightly needs to hold the structure and do not show up with bearish invalidation signs again that can invalidate the whole formation nevertheless when Cardano manages to build up in the structure a final continuation will establish above the boundary, it will be an interesting journey ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.