Time to analyze my favorite coin, ADA. Cardano (ADA) has been going through some corrections as we all expected. right now it's consolidating in the confirmation area, which is the yellow thick line. If it manages to get enough buyer then this confirmation can start a whole new bullish market for this coin. And I think this might be the time for it because we're in a demand zone and we just need more Buy Volumes in the market. However if things don't workout and we see a drop from that point, then our Green Zone, which is our strongest support area can push the price back up in no time. I'm buying more ADA myself, and if it drops I'll buy even more... I always look at ADA as a long time investment and never do future trades on it. If you are trading on it, be careful, because any unadjusted long or short position might cause liquidations since we are not sure if it's going to drop or bounce back up.
I'll keep this chart updated. Use this chart as your trade setup for now.