ADA/USD - Ranging, expect further correction

ADA is ranging between the $0.28 and $0.34 price levels. You can play this nice 15% range or wait for a breakout/breakdown.

Indicators are looking rather bearish at the moment for ADA, so there is a likelihood of a deeper correction. Therefore, best to wait for this range to break to get sense of the next direction of price.

RSI and MACD are looking bearish as well with lower highs and lower lows.

Overall bias is bearish for the next week or so or until we break the local resistance at $0.34.

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