Short ADA massive correction incoming!

Dec 18, 2021

Cardano just fell out of a rising channel (in log scale) it's been in since the march 2020 crash. We are currently battling with the .618 retracement but given that we just broke down from the channel I feel the probably is much less likely that this will be our bottom. I'm expecting this correction to last a minimum of one more month but more likely to last at least 3-6 months. There will be bounces on the way down and I expect price to reach the .786-886 fib retracements at around $0.37-0.68. I know this will upset a lot of people but just remember the most money is made in a bear market, Don't forget to buy in at these levels if you still have the stomach for it.