In our last Cardano analysis, we identified that we were in the 5th wave and we were anticipating a breakout. Wave E of the descending correction fell short (as it does sometimes) and we had a nice breakout.
The plan of action is as follows:
- Watch for the retracement
- Draw a trendline on the retracement (corrective price action)
- Enter on breakout of correction
- Target the highs and HODL the rest
Goodluck and as always, trade safe!
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