In fact, it tripled in value, as mentioned in the previously posted "Cardano – ADA/ETH – 5th Wave" .
Cardano was released recently and it’s looking like “the next big thing”.
Wave Count presented below suggests that Cardano could triple in value over a short amount of time.
Since the time the targets were reached, ADA/ETH dropped like a rock, as expected and signaled to my private followers.
The Retracement unfolded as a Double Three (WXY) pattern, with a Triangle visible in Minute Wave X (blue).
This sell-off would represent Minor 2 (purple) and would finalize at or around the 0.00036 Levels, which I will be watching like a hawk.
Cardano could benefit from the temporary weakness which I am seeing in ETH and BTC and could start a much bigger Rally, one which would lead it towards 0.0040 .
ADA/ETH - BUY Position:
Entry - 0.00036
SL - 0.00015
Targets - 0.00075 / 0.00115 / 0.00155 / 0.00215 / 0.00275 / 0.0035 / 0.0040
Many pips ahead!
However, if another low would occur, it would be final.
Talk about a perfect entry!
What now? ETH & BTC are crashing and this means that ADA is worthless right? Wrong!
ADA’s value will increase along with ETH as it is built on ETH block-chain.
It is independent of course which is a good thing and also has more advanced technology behind it, could be a valuable token for the future Crypto Market.
For those who are holding ADA, keep it! Once these pump-and-dump phases would finalize, ETH & BTC would go up.
Levels in Focus for ETH & BTC to bounce: ETH/EUR – 300 , BTC/USD – 4500-3500 range.