#Cardano $ADA Short-Term Bounce
$ADA is forming a 3-wave bounce from the low to correct the decline from the June peak.
Price has already reached the 38.2% Fibonacci retracement area at $0.157, from which it is already reacting lower.
However, price could still see another short-term push higher toward the 50% area at $0.163 before another move lower is seen.
The bounce is expected to create a lower high within the daily cycle before turning lower again.
#Crypto #Trading #ElliottWave
$ADA is forming a 3-wave bounce from the low to correct the decline from the June peak.
Price has already reached the 38.2% Fibonacci retracement area at $0.157, from which it is already reacting lower.
However, price could still see another short-term push higher toward the 50% area at $0.163 before another move lower is seen.
The bounce is expected to create a lower high within the daily cycle before turning lower again.
#Crypto #Trading #ElliottWave