Cardano's Elliott Wave Analysis: Predicting ADA's Path to $2.80
2024-11-23

You can see Elliott wave counts at two levels in #Cardano.
At the first level (Minor), this cryptocurrency reached a price of approximately $0.80. Then, as part of an Intermediate wave, it corrected itself down to $0.2752 and is now constructing wave 3 in the Intermediate level. According to wave theory rules and Fibonacci tools, how far can the length of wave 3 extend? I have plotted potential levels at three significant points: 1.618, 2.61, and 4.27 times the length of wave 1 (Intermediate). Therefore, in the medium term (approximately 4-6 months), it can be expected that Cardano will reach a price of about $2.80. Note that this cryptocurrency has previously experienced a price of $3.30, so reaching these prices is not out of reach.
This analysis is approximate and should not be the basis for your decision-making, but it is certain that #ADA is in its Intermediate third wave.