NOT FINANCIAL ADVICE.
We have yet to witness the full Coinbase Effect on
ADA, which was boosted by upwards of 20% as soon as news revealed its Coinbase Pro listing on 18th March.
Give it a few more days before Cardano's utility feeds further into the appetite of would-be investors and grow more attractive as an asset.
The Coinbase effect usually plays out over a week of trading, before selloff ensues, which in this case, a target price range of $1.63 ~ $1.72 is desirable for swing traders.
Elliot Wave Analysis
Huge impulse Wave III with impressive trading volume is followed by a corrective Wave IV.
Wave IV seems to have touched the 0.382 fib retracement and we now see a reversal move to the upside, aka a Wave V underway.
Wave V usually extends 100% ~ 161.8% of Wave I + Wave III.
We have yet to witness the full Coinbase Effect on
ADA, which was boosted by upwards of 20% as soon as news revealed its Coinbase Pro listing on 18th March.Give it a few more days before Cardano's utility feeds further into the appetite of would-be investors and grow more attractive as an asset.
The Coinbase effect usually plays out over a week of trading, before selloff ensues, which in this case, a target price range of $1.63 ~ $1.72 is desirable for swing traders.
Elliot Wave Analysis
Huge impulse Wave III with impressive trading volume is followed by a corrective Wave IV.
Wave IV seems to have touched the 0.382 fib retracement and we now see a reversal move to the upside, aka a Wave V underway.
Wave V usually extends 100% ~ 161.8% of Wave I + Wave III.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.