CARDANO Is It Time To Rise ? Watch for continuation price action

٢٦ مارس ٢٠٢٢

Hello traders:

ADA has been in a decline since the initial strong bullish impulse up after reaching the $3 price.
It has been in a bearish price action and continue to correct within a downward correction since.

We can see price temporary broke below the $1 mark, but quickly reverse up and formed bullish impulse phase on the lower time frame.
This is a good sign that price has formed a low, double bottoms, and reversal price action has formed.

Its within our interest to wait and see if price can develop a bullish continuation correction as it has broken above the descending channel structure.

Look for previous highs as potential targets if price does give is the confirmation ion to enter.

thank you