Hello traders, Cardano in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count we had, waves 1, 2 and 3 were formed and now we are inside wave 4.
Wave 4 is formed in a zigzag pattern and this zigzag a and b waves are terminated.
Wave a is formed in an almost normal structure and wave b is temporally unbalanced.
Anyway, now we assume that we are inside wave c. This wave c will be in the form of a leading triangle according to the pattern it has formed. This progress triangle completes waves 1 and 2, and another drop is probably underway to complete wave 3.
Then we will climb for wave 4 to the upper side of the channel and descend again for wave 5.
The final target of correction is around the price of 0.500 and we will consider the beginning of the climb as the breaking of the purple channel ceiling.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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