Cardano: Low Ahead!According to our primary scenario, Cardano's ADA coin should imminently pull back toward the support at $0.31 to finally complete the blue wave (ii). With this low in place, we see the altcoin breaking out above the resistance at $1.32. If the price manages to rise above this mark without forming a new low first (33% likely), we will have to assume that wave alt.(ii) in blue is already complete.
Cardanocoin
ADA - Retesting ATH (As you asked)The BUY volume on Cardano is high right now. it actually has the 3rd place in the buying volume.
It's been rejected by the resistance 2-3 times in the past few hours but still hasn't been through correction.
We might see a price dump but if you're into opening long positions you must way until the breakout confirmation.
That happens right after the first closure of a 4H candle above the resistance area as I've shown on chart.
Then you can start long positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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