
cardano:native went up 103% from our bottom zone which is great, but the current move up did not meet our conditions for Wave 1. As you know, we need to see a 5-wave move up in Wave 1 for the bottom to be in. From this messy structure, this would be possible in the case of an expanding diagonal, where wave 5 would have to reach minimally $0.32. We have to do some gymnastics to find a 5-wave move up here, so if this move up stays corrective, then it might need another lower low, and go deeper into our bottom area. The same goes for crypto with a similar structure. This is the time to sit back and let crypto prove itself, and give us more data in the chart. Will Cardano give us a lower or a higher low?
