Cardano, Completes Main Extension, Next Continuations Possible!

14 apr 2021

Hi,

Welcome to this update-analysis about Cardano, we are looking at the 4-hour timeframe perspective. Since the origin analysis, Cardano has shown up with the bounce in the local structure and after that with the whole wave-E-extension as expected moving rightly into the upper target zones from where initial pullbacks firstly developed. Now as shown in my chart Cardano already bounced once at the upper boundary of the channel and when it manages to stabilize further with the wave-count above as seen in my chart this can lead to a breakout when Cardano finally increases with bullish price-action and closes above the upper blue resistance-zone, it will be the right set-up for the further continuations.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, 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.

14 apr 2021

Nota

Origin-Analysis: