ELLIOTT WAVE PRINCIPLE TECHNICAL ANALYSIS:
The price of Cardano cryptocurrency quoted for Bitcoinia ADABTC 26.54% was at an important target level, which is at 161% Fibo at 0.000066. This is the typical range of the third internal wave, so the fourth wave is now expected to be adjusted to local support at 0.000059. Nevertheless, the third wave can be further extended to 0.000076 before the fourth wave will start. There is still one more wave to the upside left anyway, wave five, with a target at 0.000092 minimum.
If support is broken at 0.000059, the next support is at 0.000045.
TREND AND IMPORTANT LEVELS:
Main trend: UP
Intermediate trend: UP
Daily trend: UP (price at a key level)
Key levels:
for further increases - 0.000066 and later 0.000076
for continuation of correction - level 0.000066 and later 0.000059
for the continuation of decreases - the level 0.000045
Credit : https://www.tradingview.com/chart/ADABTC/QDKrtfTV-Cardano-ADA-at-important-level/
