Cardano (ADA): Patience & Discipline for Profits
SUMMARY
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Here is Cardano (ADA/USD) which had raced up the initial impulse (white) in a near vertical trajectory. The correction since then is labeled as a WXYXZ (red) sequence. This is a pattern combination of a downward wedge and a rounded price formation. Both are bullish in pattern. How does the Elliott Waves fit in?
Since the red Z wave bottom, ADA impulsed five waves up (white) and meanwhile patterned out the rounded bottom (blue). Since five waves are complete, there is a requisite correction and the smaller degree of trend wxyxz is like in progress. This sequence is also the handle formation and so we now have a Cup & Handle pattern. Patience and discipline attract profits and not greed or fear. The MACD is also nearing its completion as the apex is becoming more and more proximal to support the blue arrow scenario.
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time to buy
Its crashing!
What abuse?
I don't understand what's going on in the current market. There is a fair amount of positive news coming out and projects are evolving to production applications. There seems to be this big lull just waiting for the institutional money to come in.
Whales are operating...
Posted using Partiko Android
At least steem is somehow stable as I looked on google trends.It mirror bitcoin high but not lost populatiry so fast,somehow stable.
Looks good in 2018.
My view is that the MT Gox trustee is being forced to liquidate more of the BTC they have....it's a massive amount...plus all coins are making the slow sideways bottoms that lasts for months
So many good projects in the horizon
and shit coins.Some shit coins for short term? or even good you have on mind?
I'm new to the crypto trading, but I've looked into Cardano and it may be a good profit. What's your thoughts on Dignity... Ticker DIG? I took out a position on it.
interesting post.
Excellent post!
very sensitive to the ADA, I've never had any luck here, probably because of less science like you. Thanks @haejin
It is a currency that still owes us, but I am sure it will not be long in exploding. Thanks for the post.
is it a kind of cup and handle...?