CARDANO - What's Going On With Ada?

After the recent structural shift in the crypto market, ADAUSD (Cardano) gave us an ascending correction which lead up to the 61.8 fibonacci level and is on it's way down. The main target is the -0.27 fibonacci where we'll complete the ABC correction.

In the meantime, will be looking for any shorting opportunities via a bear flag or break and retest.

Goodluck and trade safe!

Trade closed: target reached:

Double bottom region was hit!