MarketIntel

Cardano: Limbo Dance

Short
BITTREX:ADAUSD   Cardano
Limbo cool, limbo fine,
Ev'rybody gets a chance.
Clap your hands, it's party time,
Do the limbo dance!

Cardano seems to have taken David Hasselhoff at his word and is currently doing the limbo dance below the support line at $0.92258. As long as Cardano manages to stay below this limbo bar, we expect it to go deeper still into the green zone between $0.93552 and $0.2767 to finish wave v in magenta – ideally at about $0.52409. Then, the limbo dance should be over, and Cardano should stretch its limbs above $0.92258 again.
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