In a bullish argument this is an end of the correction on Cardano: A leading diagonal and an ABC correction right into HTF demand zone, erasing the entire Nov '24 pump that created a huge inefficiency. We probably accumulate here a bit before we're ready.
Bearish case would see us tag the area below, but I'm not giving that much weight atm as we're on a solid support. It would essentially be a complete wave 1 and 2 and would tie beautifully with my view on Bitcoin and the general macroeconomic cycle. Price and time not scaled.
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In a bullish argument this is an end of the correction on Cardano: A leading diagonal and an ABC correction right into HTF demand zone, erasing the entire Nov '24 pump that created a huge inefficiency. We probably accumulate here a bit before we're ready.
Bearish case would see us tag the area below, but I'm not giving that much weight atm as we're on a solid support.
It would essentially be a complete wave 1 and 2 and would tie beautifully with my view on Bitcoin and the general macroeconomic cycle. Price and time not scaled.