Elliott Wave Analysis TradingLoungeADA/ U.S. dollar(ADAUSD) Daily ChartADAUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Flatposition: Wave CDirection Next higher Degrees: Wave Cancel invalid level:ADA/ U.S. dollar(ADAUSD)Trading Strategy:The current structure of ADAUSD shows a correction in Corrective Wave II with a chance of falling to the important support level around 0.53 USD – 0.32 USD. Investors should follow the reversal signals from both the wave structure and indicators before deciding to enter a position.Trading strategies* Buy Strategy (Long Position): * • You should wait for the price to drop to the Wave C target near the 0.53 USD support or until the price structure is complete and the RSI starts showing reversal signals.* Risk Management: * • If the price moves below the W.C. Invalid support (0.32 USD), you should exit the position immediately to reduce your risk.
ADA/ U.S. dollar(ADAUSD) 4hr chartADAUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Flatposition: Wave CDirection Next higher Degrees: Wave Cancel invalid level:ADA/ U.S. dollar(ADAUSD)Trading Strategy:The current structure of ADAUSD shows a correction in Corrective Wave II with a chance of falling to the important support level of around 0.53 USD – 0.32 USD. Investors should follow the reversal signals from both the wave structure and indicators before deciding to enter a position.Trading strategies* Buy Strategy (Long Position): * • You should wait for the price to drop to the Wave C target near the 0.53 USD support or until the price structure is complete and the RSI starts showing reversal signals.* Risk Management: * • If the price moves below the W.C. Invalid support (0.32 USD), you should exit the position immediately to reduce your risk.
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