✴️ Cardano Correction? It Is Still Early...

11 ธ.ค. 2023

Cardano (ADAUSDT) hit a low 10-June, followed by growth.
From 10-June through 9-December it grew by a nice 194%.

👉 After strong growth comes a correction or in the least, a retrace.

Looking at the weekly timeframe, Cardano closed 8 consecutive weeks green, it now starts on a Monday red.

There is potential for a correction to develop... 'Potential'.

➖ 9-December closed on a long upper-wick.
➖ 10-December ended as a lower high.
➖ 11-December starts full red.

Be careful with the longs.

Here is the catch... It goes up and down, up and down, up and down...
After going up it is bound to go down but, the bigger picture is up!

This correction is likely to end in a higher low and once support is found, we will see additional growth.

Namaste.