#Cardano has found support at the 61.8fib support level: 2640 sats
Wave c is taken at 0.5fib extension of wave a. Macd is showing bullish divergence in 4H.
However there is resistance confluence region : 2800- 3100 sats,
comprising of 20,50,100 DMA's & 50fib level.
If we get today's closing above the 61.8fib level i.e 2640 sats, then #cardano will be looking to target 2800-3100 sats region.
Testnet release titled "K-Evm" on 28 may may also provide bullish momentum to cardano.
You can find the fully updated analysis on my Tradingview site as well here:
https://www.tradingview.com/chart/ADABTC/bKkrwGDn-Cardano-bounce-off-the-61-8fib/
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