Looking at the Daily Chart, you can see that CARDANO finished 4 waves up and currently forming its 5th wave. You know that we cannot determine the exact length of wave 5 as it can be equal to wave 1, 161.8% of wave 1, 200% of wave 1, or 261.8% of wave 1.
In our case here, using the Fibonacci Retracement tool, I expect to see wave 5=200% wave 1 and reach the 1.59333 critical area before starting its deep ABC correction to retest the previous wave 4 at the 1.00000 level, and then possibly go back up with a new impulsive wave. Keep in mind that trading is all about probabilities and that nothing is 100%.
In our case here, using the Fibonacci Retracement tool, I expect to see wave 5=200% wave 1 and reach the 1.59333 critical area before starting its deep ABC correction to retest the previous wave 4 at the 1.00000 level, and then possibly go back up with a new impulsive wave. Keep in mind that trading is all about probabilities and that nothing is 100%.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.