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Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this symbol, due to the lack of sufficient data in the past, it is very difficult to identify this wave.
We assume that this wave will be one of the microwaves of the larger waves.
According to Elliott , waves 1, 2 and 3 are complete and now we are inside wave 4, wave 4 will probably be formed in a zigzag pattern, and from this zigzag we think that wave a is over and wave b is likely to ascend to the range of 2.5, and then The re-drop to Fibonacci 0.23 will occur and then the move for wave 4 will be formed.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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