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Cardano ADA Price Prediction: The Next Move to the Downside

Crypto Crash: Can Cardano ADA PUMP after this
Crypto Crash: Can Cardano ADA PUMP after this

In this video, Nick from Cheeky Crypto analyzes the recent price action of Cardano ADA and predicts that the next move is to the downside. He explains that ADA is currently in a five wave impulsive structure and that the fifth wave is yet to complete. This means that ADA could fall to the $0.22 level, which is the target of the double bottom.

Nick also discusses the possibility of a bounce in the short term, but he believes that the overall trend is bearish. He advises traders to be cautious and to only trade ADA with a stop-loss in place.

Here are some of the key points from the video:

ADA is in a five wave impulsive structure.
The fifth wave is yet to complete.
ADA could fall to the $0.22 level.
A bounce in the short term is possible.
The overall trend is bearish.

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