Cardano, ADAUSD is in the strong rise, but as we can see, the strong support zone below 1.0 level is still open.
Considering that the Crypto market is generally trading at a strong resistance zone, we believe that ADAUSD is still trading in wave B correction, either as part of a bearish triangle or maybe even flat that can retest 2.0 resistance level before a sell-off back to lows for wave C.
ADA/USD 4h Elliott Wave analysis
Finally, another ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. Join us at Elliot Wave Forecast!
By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.
Recommended Content
Editors’ Picks
Trump calls for US Dollar dominance, vows to make America a crypto superpower in historic crypto summit speech
US President Donald Trump says America will dominate crypto and become the crypto capital of the world. Trump highlights key initiatives, including the White House Crypto Summit, the end of Operation Chokepoint 2.0 and an executive order on Strategic Bitcoin Reserve.
Crypto Today: After $300M liquidations, BTC, ETH, XRP prices on edge as Trump speaks at Crypto Summit
Cryptocurrency sector’s valuation consolidated at $2.9 trillion on Thursday after the Fed interest rate pause boosted market activity. Liquidations hit $335 million in the last 24 hours, with $207 million in short contracts closed accounting for nearly 60% of the losses.
These crypto categories rallied over 50% in a day: Watch for gains
Crypto traders rejoiced as Bitcoin’s (BTC) price climbed above support at $85,000 following the Federal Reserve’s (Fed) decision to keep interest rates steady and stick to their guidance of two interest rate cuts this year on Wednesday.
Bitcoin hovers above $85,500 as Trump calls the Fed to lower interest rates
Bitcoin price edges lower around $85,500 on Thursday after gaining nearly 5% the previous day. US President Trump called on the Fed to lower interest rates as tariffs start to hurt the economy.
Bitcoin: BTC at risk of $75,000 reversal as Trump’s trade war overshadows US easing inflation
Bitcoin price remained constrained within a tight 8% channel between $76,000 and $84,472 this week. With conflicting market catalysts preventing prolonged directional swings, here are key factors that moved BTC prices this week, as well as key indicators to watch in the weeks ahead.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.