Potential Long Trade Setup – Elliott Wave Analysis (4H)

We are currently witnessing the development of a third wave on the 4H timeframe. Based on the familiar structure of previous movements, this wave could extend towards the 4.25 and 6.85 Fibonacci levels, making them potential take-profit zones.

Following this, we expect a wave 4 retracement before a final wave 5 push, which could bring the price into the $3–$5 range — marking a new all-time high for Cardano!