Thoughts on #cardano $ADA 👀
Ada reached the retest zone of the internal structure and as could be expected reacted downwards without going to break it.
What I was hoping was that the price wouldn't break the last HL around 0.47$.
Atm the price is retesting the long term structure so it could be a good area to accumulate especially if the price starts to go sideways as indicated by the green arrows I drew in the chart below👇
If the price were to take liquidity up and then fall towards the FVG (blue line at 0.33$) it could take longer than expected to return to a bullish situation.
