Cardano – ADA/ETH – Bullish 5th Wave

Cardano was released recently and it’s looking like “the next big thing”.

Since it’s lift-off it enjoyed a Bullish run and now in a Consolidation which in this case would translate as a possibility to get reinforcements before a Rally would commence.
Wave Count presented below suggests that Cardano could triple in value over a short amount of time.

BUY Position:

Entry – 0.00056300
SL – 0.00037000
Targets – 0.00095000 / 0.00119000 / 0.00157500

Commento:

Wave Count Update:

* if a move down occurs in 5 swings sequence it should be treated as Minuette (c) (red) and I will be looking for a BUY set-up

Trade attivo:

Retracement finalized, Cardano could start a Rally which could make it triple in value.

Commento:

Bullish Extension in progress:

Commento:

Minuette (iv) complete, Bullish Extension in Minuette (v) in progress.

Commento:

1st and 2nd Targets reached! 3rd Target in play and in the green.

Cardano is showing a Bearish Divergence which is awaiting its turn and another final swing on the upside so that Minor 1 would complete its cycle.

Sharp Correction in focus as per Minor 2.

Commento:

Correction in Minor 2 unfolded.

ADA/ETH retraced 50% of the entire Minor 1's cycle.

Possible Bullish turn.

Commento:

ADA/ETH providing a Bullish set-up which could reach 0.0040 in a Rally!

Time to buy ADA/ETH .. again :)

Entry @ 0.00036
SL @ 0.00015
Targets - 0.00075 / 0.00115 / 0.00155 / 0.00215 / 0.00275 / 0.0035 / 0.0040