📉 #Cardano $ADA – Pullback in Progress
The rally from the June low managed to hit the 1.618 Fibonacci extension area at $0.25 and started a pullback down from there.
Price could remain within a sideways range in the coming week before starting the next upside leg.
A deeper pullback would take it to retest the uptrend channel around $0.18 before bouncing higher again.
Will bulls maintain the uptrend and continue creating higher lows followed by higher highs?
#Crypto #Trading #ElliottWave
The rally from the June low managed to hit the 1.618 Fibonacci extension area at $0.25 and started a pullback down from there.
Price could remain within a sideways range in the coming week before starting the next upside leg.
A deeper pullback would take it to retest the uptrend channel around $0.18 before bouncing higher again.
Will bulls maintain the uptrend and continue creating higher lows followed by higher highs?
#Crypto #Trading #ElliottWave
