Cardano has 3 fib projections that have confluence in the 0.9-0.97 range
1) retrace of the larger impulse: topping in 3 at the 1.618 normally gets a retrace for 4 to the 1.0-1.236 fibs (largest green box)
2) retrace of for 4 is typically 0.236-0.382 of the move from 2-3 (medium size box)
3) The fib projections of the v of (v) of c of 4 (smallest green box) projects to 0.9-0.97. This also aligns with the previous degree wave 4 that very often the retrace of the larger degree gets to.
The correction won't be confirmed to be over until it gets all the way back over (iv) at 1.59.
Longterm it projects out to the $4-$6 range, so I will be a buyer if it can get less than $1, show a micro 5 wave move up, then 3 wave decline.
1) retrace of the larger impulse: topping in 3 at the 1.618 normally gets a retrace for 4 to the 1.0-1.236 fibs (largest green box)
2) retrace of for 4 is typically 0.236-0.382 of the move from 2-3 (medium size box)
3) The fib projections of the v of (v) of c of 4 (smallest green box) projects to 0.9-0.97. This also aligns with the previous degree wave 4 that very often the retrace of the larger degree gets to.
The correction won't be confirmed to be over until it gets all the way back over (iv) at 1.59.
Longterm it projects out to the $4-$6 range, so I will be a buyer if it can get less than $1, show a micro 5 wave move up, then 3 wave decline.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.