Cardano

CARDANO - +80% Banked! ✅ Time For A Drop?

First of all, let us start by saying we are going via technical analysis only.

Our last analysis played out nicely, banking us 80% raw gain!

Technically, we are seeing a 535 zigzag pattern. We've seen 5 waves for wave A. We are now seeing 3 waves for Wave B. Expecting 5 waves lower for wave C.

Trade Idea:
- Watch for rejection within the fib levels
- Confirmation that we've started a move lower will be a break of the red trendline
- You can go on to lower timeframe to find a slicker entry using various methods such as trendline break, BOS etc
- Targets: 0.23, 0.125, taper thereafter

Goodluck and as always, trade safe!

See our previous analysis below:
CARDANO - Higher Timeframe Overview ✨

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