ADA RUNNING OUT OF STEAM OR STILL CONSOLIDATING?

4 thg 5, 2021

A lot of good and exciting news out of ADA BUT looks like it's running out of steam. The dead cat bounce on the 4hr has got my attention, the weekly bearish divergence puts ADA at least at $0.48 (fib 0.32), how deep will this correction of Wave 3 go? It could retrace to fib 0.50 or even 0.618, or will Wave 3 extend further? I'm bearish on ADA for now.