Quick plot to observe possible support zones for Cardano. This is part of ongoing analysis of ADA vs BTC as linked below. In general I am quite bullish on this coin versus most Alts.
1600 retest seem very likely soon. 1590 could be a stop hunt below 1600. 1575/55 must hold to continue uptrend.
My ADA journey this year:
Spotted the likely breakout:
Measuring the continuation:
Spotting an intermediate TOP:
Plotting the correction from that top:
Nota
Just hit first possible end of wave 5 and got a decent bounce good sign but we might go a little lower. Am filling limit buys laddered through this area.
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Nota
So it looks like first support held now if it crosses the next fib line, then we can be confident correction is done
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