Cardano ADA - Elliott Wave + parallel channel
I did Elliott wave count and 5 waves to the downside is already completed. However, it can be only the first A wave completed and we are currently in B wave to the upside following with C wave to the downside again.
We need to break this descending channel first, if we want to turn bullish. Bulls still need to prove, that they are able to break 2019 swing high again and establish this level as support!
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We need to break this descending channel first, if we want to turn bullish. Bulls still need to prove, that they are able to break 2019 swing high again and establish this level as support!
If you like this technical analysis , please hit the like button and follow me for more of these ideas!
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