Cardano ( #ADA ) is showcasing a textbook Elliott Wave pattern with clear wave counts at two levels, hinting at a potential major rally. Here's the breakdown:
đ Key Analysis:
1ïžâŁ At the Minor level, ADA completed wave 1 near $0.80 and corrected down to $0.2752 during wave 2.
2ïžâŁ Currently, ADA is in Intermediate wave 3, a powerful impulse wave often associated with significant upward momentum.
3ïžâŁ Using Fibonacci extensions, potential targets for wave 3 have been identified at:
1.618x wave 1: $1.23
2.61x wave 1: $1.81
4.27x wave 1: $2.80
đŻ In the mid term, Cardano could potentially reach $2.80, especially considering its previous all-time high of $3.30.
â ïž Disclaimer: This analysis is for informational purposes only. Always DYOR and consider market conditions before making any financial decisions.
What are your thoughts on ADAâs next big move? Letâs discuss below.