ADA is still trading within a complex corrective pattern (4H)

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Cardano is still trading within a complex corrective pattern. The recent decline appears to have formed Wave A, followed by the completion of Wave B. The price now seems to be developing the lower-degree Wave C, which is expected to be bearish.

It is worth noting that the higher time frame trend remains bearish.

We are looking for sell/short opportunities within the highlighted supply zone.

The targets are marked on the chart. At the first target, secure partial profits and then move your stop loss to break-even.

Let's see how it plays out.

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Do you also think CARDANO is bullish?
Trade aktif
It pumped more than 12% and reacted to the highlighted red supply zone

The setup is still valid

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Trading ditutup: target tercapai
It dropped more than 12% from the marked zone and reached the first target.
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