Cardano (ADA): Is the C Wave Complete?

Cardano (ADA) started its genesis with an ABC correction. A good number of earlier ICOs have this type of genesis and usually those ICO'd during a correction or soon before. The founder holders usually panic sell into the correction thinking the ETH (or whatever coin) received from pre-ICO could decline in value. Regardless, it doesn't change the destinations of waves. The chart below shows a red and a blue ABC pathways. The red shows a correction that could be complete and the blue shows a one more lower low potential. Would one panic sell should the blue scenario occur? I see it as an opportunity to deploy some cash using a laddered entry.

I've added the relevant subwaves for the red ABC scenario which indicates that current microwaves could nearly be complete. The five white subwaves of (c) could still get a lower low..but if it follows Bitcoin, the higher degree of trend wave (2) could be complete.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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