💲 Cardano Correction Before Increases 💲

💲 Cardano Correction Before Increases

💲 Nearest strong support zone: around the fibo 0.5 level of the upward wave.

💲 Nearest strong resistance zone: around recent peaks.

💲 Technical environment:

- Moving averages: 50/50

- MACD: Uptrend

- RSI: Uptrend

💲 Price Action: Cardano, after a very sharp breakout like the rest of the cryptocurrencies, began to perform a downward correction. Looking at the most likely place for the end of the correction will be the level of 0.5 of the upward wave from the vicinity of this place I expect an accumulation that may turn into the next upward wave.

💲 The scenario that I play is the execution of a correction to the support zone after which the continuation of growth. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀