Since it’s lift-off it enjoyed a run and now in a Consolidation which in this case would translate as a possibility to get reinforcements before a Rally would commence.
Wave Count presented below suggests that Cardano could triple in value over a short amount of time.
Entry – 0.00056300
SL – 0.00037000
Targets – 0.00095000 / 0.00119000 / 0.00157500
* if a move down occurs in 5 swings sequence it should be treated as Minuette (c) (red) and I will be looking for a BUY set-up
Cardano is showing a Bearish Divergence which is awaiting its turn and another final swing on the upside so that Minor 1 would complete its cycle.
Sharp Correction in focus as per Minor 2.
ADA/ETH retraced 50% of the entire Minor 1's cycle.
Possible Bullish turn.
Time to buy ADA/ETH .. again :)
Entry @ 0.00036
SL @ 0.00015
Targets - 0.00075 / 0.00115 / 0.00155 / 0.00215 / 0.00275 / 0.0035 / 0.0040