Cardono projects to just under $1 to finish off the correction
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.