Based in this analysis in 3 Daily chart, there're an intersting wave analysis that you will need to know for long term. We're in the bullish elliot wave cycle. And well, we can to be in this possible impulse number 5 toward the $2 dollar as we're in the channel formation if you see in H8, H4 and included Daly timeframe.
Well, I zoom out to watch completely the chart from March 2020 when Cardano was around of $0.01 cents and it's continue up more in he actually that the price it's around of $1.06 USD.
You can to watch better this timeframe in 3 Daily chart as we're in the 0.618% of Fibonacci forming this important support above of $1.02 USD. Well, in medium term we would need to move toward the $2 dollar and maybe, if my theory and prediction it's correct, before to continue toward the $3 dollar, we can to have any correction below of $2 dollar to continue with more gas.
Well, I zoom out to watch completely the chart from March 2020 when Cardano was around of $0.01 cents and it's continue up more in he actually that the price it's around of $1.06 USD.
You can to watch better this timeframe in 3 Daily chart as we're in the 0.618% of Fibonacci forming this important support above of $1.02 USD. Well, in medium term we would need to move toward the $2 dollar and maybe, if my theory and prediction it's correct, before to continue toward the $3 dollar, we can to have any correction below of $2 dollar to continue with more gas.
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