Cardano (ADA) Analysis 5/18 ADA-BTC

Cardano (ADA / BTC) is in a correction phase after a five-wave upmove, which I expected as well. The potential for the correction I had stated with roundabout 15 percent. This price was (BTC 0.00003363). There the price is also up to date (gray box).

Here, the downward movement should be stopped first. However, it is still possible that ADA will pick up the 61.8 Fibonacci retracement in the BTC 0.00002630 area and then continue the bullish trend.

This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!

Cheers Jessy