Cardano / Bitcoin
Long
Aggiornato

ADA Quick Analysis

526
Cardano seems to be breaking out of a downtrend. Volume starting to pickup also. Wave 2 retraced to the 0.5 fib level of wave 1. I have a more conservative outlook and am expecting between a 1.0 - 1.61 fib extension for wave 3.
Nota
Started to make wave 3 but seems to have failed. Another bad sign is it broke the 0.5 fib level of wave 1. We are at an RSI support zone and oversold, I am expecting a small bounce. If we don't bounce soon, I am expecting a definite bounce off the 0.618 fib level, which is around 2007 sats.
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