The chart above is a 12h Cardano chart.
Few reasons why a rebound is about to happen soon:
- Price 0.00003122 acted as strong resistance back in December, now it should act as support.
- Price completed a 5-wave move down, so it's time for at least 3-wave move up
- Fib time zone seem to be respected (see vertical lines always around major price movements) and it indicates a new major move to happen soon
- RSI in undervalued zone
We are only missing some volume :)
To see the charts in more details, you can visit this idea on my TradingView: https://www.tradingview.com/chart/ADABTC/c49y8wlx-ADA-finally-finished-correcting/
