Technical analysis by M_Gheysvandi about Symbol ADA: Sell recommendation (5/31/2024)

Hello friendsIn digital currency Cardano(ADA) we are witnessing the formation of a 5-wave Elliott pattern.Waves 1, 2 and 3 have been formed and completed.Wave 4 is forming.According to the formed pattern, we are probably facing a triangle, which is very common in wave 4.Therefore, to complete this pattern, we expect to have a growth up to the range of 05000 in the dominant wave... and then wave 5 will start.At the moment, you can enter a buy trade and reach 0.4140 with a stop loss, and consider the profit limit at 0.4980.Then, when the price reaches the range of 0.5000, we can enter the sell trade with a loss limit of 0.5250 and a profit limit of 0.3500.To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.Be successful and profitable.