Looks like an Elliot Wave - C leg.
A good place to retrace- Fibonacci Level 50.
100 EMA also walking on that Fib level.
A Potential Head&Shoulder waiting if can break the Support line.
Compare to the race from 7th March- momentum is now slower and had a rejection on 15th March.
Another reason is too much marketing of Coinbase listing ADA, means Big Boys' game. They need to allure the small fish.
Simply an opinion.
Feel free to comment on my analysis
A good place to retrace- Fibonacci Level 50.
100 EMA also walking on that Fib level.
A Potential Head&Shoulder waiting if can break the Support line.
Compare to the race from 7th March- momentum is now slower and had a rejection on 15th March.
Another reason is too much marketing of Coinbase listing ADA, means Big Boys' game. They need to allure the small fish.
Simply an opinion.
Feel free to comment on my analysis