Cardano Grows Surprisingly. End of Downtrend???

The currency pair added more than eight percent in the past 24 hours, which is surprising as the other coins declined mostly. However, ADA/USD is still unable to make a complete reverse. This upside rush is nothing more than a bullish correction, which seems to come to an end in the nearest future. Midterm targets for bears lie at $0.1544.
Cardano has reached $0.1719 support area before starting a luminous bullish correction to $0.2002 resistance area. ADA/USD is currently close to this resistance. This correction is sharp, but we still think that bears will take control in midterm. The possible scenarios for ADA/USD are the following:
1. Red scenario (bearish). Cardano will break through 0.236 and 0.382 retracement levels targeting 0.5. Once done, the currency pair is able to develop its downside progress.
2. Orange scenario (neutral). ADA/USD will move towards $0.2002 and reverse downwards targeting 0.236 FIBO retracement level.
3. Green scenario (bullish). The currency pair will leave the FIBO retracement and move higher towards $0.2081.

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