This video provides a professional Elliott Wave and technical analysis of Cardano (ADA), focusing on market structure, major support and resistance zones, and potential bullish and bearish scenarios. The goal is to help viewers understand ADA’s market position through an educational and data-driven
1 extracted signal · 1 resolved · 0 still active
More Crypto Online22 Nov 2025, 01:14 UTC
AI-generated source summary
The analysis focuses on Cardano (ADAUSD) using a daily chart. The price recently broke below the October 10th low on Kraken and Coinbase, but Binance shows a higher low is maintained. This divergence makes pattern analysis unreliable. The analysis suggests interpreting the current decline as part of a B-wave, needing a 1-2 setup or evidence for a low confirmation. Key support levels are highlighted, with a 78.6% retracement level around $0.32 and a point of control from volume profile around $0.38. There is a cluster of support in the $0.36-$0.38 range. Short term trend remains down. Caution is advised as B-waves can break standard support, potentially forming a double bottom near June 2023 lows. A micro five-wave move up could indicate the start of a C-wave rally. This is viewed as complex correction or pullback.
AI-generated summary based on the source content.
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