描述
⋅ Cardano (ADA) trade on small timeframe.
Possible falling wedge in play, in that order we have to bounce from the orange trendline once more.
It's also possible that we break out from here.
On the daily it's fighting the downtrend line on RSI too --> in that order I'm expecting the last drop before breakout.
Target box: white box.
Possible 20-25% achievable here.
Small update about this one.
Couldn't break the resistance line at A & C, retracing downwards.
On a small support now, expecting to bounce soon (given RSI getting low then too).
After going to E I'm expecting it to run down to the support levels.