Cardano Steps Into A Higher Degree Corrective Setback

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 Cardano with ticker ADAUSD is one of those coins, where correction within wave B can take more time before we will see further rally within higher degree wave C. It’s ideally trading within a deeper three-wave (A)-(B)-(C) zig-zag correction due to recent five-wave drop from the highs into wave (A). However, we may now see some corrective recovery within that wave (B), which can retest 0.50 – 0.60 resistance zone before we will see another decline for wave (C) of B.For more analysis like this from different markets, you may want to watch our latest recording of a live webinar streamed on July 01, 2024.Video Length: 00:35:24
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