Cardano, ADAUSD is in the strong rise, but as we can see, the strong support zone below 1.0 level is still open.
Considering that the Crypto market is generally trading at a strong resistance zone, we believe that ADAUSD is still trading in wave B correction, either as part of a bearish triangle or maybe even flat that can retest 2.0 resistance level before a sell-off back to lows for wave C.
ADA/USD 4h Elliott Wave analysis
Finally, another ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. Join us at Elliot Wave Forecast!
