New technical analysis for Cardano (ADA)
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Now, when we have more information to analyze the market, here is my prediction. As you probably have noticed there isn't much selling going on, and I believe people are getting ready to stake (75% complete). It doesn't mean we won't see a correction after tremendous growth like few days ago. Everyone is trying to accumulate as much Cardano as possible. I believe the potential for growth is more obvious than the market keep correcting, but I drew the support lines for both scenarios.
Nota
Bitcoin is doing terrible, and it's affecting altcoins.Nota
Three consecutive red days is called "three black crows". If it closes on red today, we will likely see another red day.
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