Cardano (ADA) Short Term Outlook 4th November 2022

cardano elliott waves

In daily chart, a clear 5 wave rise up is visible followed by clean zigzag correction. Cardano is just 1 point away from breaking the minor wave b high of 0.416 (touched 0.415 as on writing this). Once broken, we can fairly assume that next 5 wave rise up has started which should take us above 0.5 (0.506 to be specific at least) as per wave equality principle.

View gets invalidated if we break 0.38 before breaking 0.440.

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