Cardano / ADAUSD may be on what seems like a perfect bullish market reversal on the 0.22100 Support but based on the 2022 Bear Cycle, the bottom isn’t yet priced.
An almost identical decline of -82.50% to May 2022 -87.50% indicates that after this sideways movement ends, the last bearish leg to the 1.236 Fibonacci extension will begin and form the Cycle bottom.
Strong similarities on the 1week RSI fractals too.
Target 0.14500.
