Last time I told you that Cardano flashed the insane long signal and I bought it at $0.37 and 0.35 for 10% of deposit in total. Yesterday I found that I made a mistake on Bitcoin analysis. The final target for the BTC bear market is next to $12k. In this case ADA will reach $0.24 in next couple of weeks. I will show you next time the global scenario for the Cardano. Today I wanna show you that $0.4 is the reliable target and there I will close my long trade.
On the picture we can see the wave 3 in the global wave 5 in details. The most rapid part of this wave have been already ended. 1.61 Fibonacci extension have been perfectly reached, it means that now it’s time of the upside correction in the local subwave 4. I expect zigzag ABC. Fibonacci 0.5 retracement is the reachable target which is located approximately at $0.4. I plan to exit long here and open short position.
Best regards, Ivan