During the correction movement, Cardano (ADA / BTC) steered the higher and large upward trend line, at which the price stabilized and a small long bounce was initiated.
Unfortunately, this counter-movement was not sustainable, so that the trend line was started next time. However, this time the support broke and a new correction low was formed.
The pullback movement was exemplary from below to the trend line before the price plummeted again.
The picture has now deteriorated considerably and it is to be expected that at least the 78.6 Fibonacci retracement in the range 0.00002206 ADA/BTC will still be targeted. I do not expect any sustained upward trends before that.
This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy
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