If ADA is bullish, then we get atleast 30% short/medium term

If we are indeed seeing the end of the correction of cardano at the 61.8 level, then this surely means we're set up for a wave 3 upwards. That means we can now start a 5 wave count up - we've already seen 2 waves, one up and then the 2nd retracing to the 61.8 of the first. This is not a bad time to buy, and see a 30-60% profit over atleast a week (note that ADA could trade sideways for a while, so look for confirmation to buy so you don't tie up your capital)

This is, ofcourse, assuming we *are* done with the correction. The chart looks good due to the very strong bounce up from the 61.8 level. The alternative bearish scenario is that we're not done with the correction yet and are probably still on impulse wave C down of wave 2.

Feedback welcome and needed! I'm still a beginner.