Crypto Downtrend Starts Now And Cardano Highly Effected This Situation

We have got a couple wicks and candle bodies closed there that is my first downwards target if we do break that 28.4 cent mark within the next few hours i see us you know we don't have any support you see we just went straight up from about 22 cents all the way up to 28 cents we could if bitcoin continues to drop we could see cardano come all the way back down to 22.1 cents and get a nice bounce and then continue the bull trend if bitcoin continues to drop majorly we've seen during this run up bitcoin has a slight 10 drops gets a nice bounce and you know within a day or two it breaks its old all-time high

We can't rush into conclusions but if bitcoin finally does have that 30 40 dump expect cardano to have you know 34 dump as well just expect the altcoins to follow it all coins could outpace bitcoin because of the bitcoin dominance we're going to take a look at that later as well if bitcoin does drop you know 30 percent maybe we only see all coins dropped 20 because it is at a critical point on the bitcoin dominance but this is the short term you know what i see for short term for cardano if we actually end up getting a bounce somewhere in this area

We come back into the triangle we could go up further if we see bitcoin get a bounce upwards target if i can get this tool out from the top of the triangle to the bottom of the triangle approximately my upwards target if we end up breaking out back into the triangle would be somewhere around that 40 cent mark if we do end up breaking out of that triangle but i do not think we're gonna break upwards this second and this is exactly we're gonna switch on over the daily chart and we've been talking about this upwards rising wedge for ever

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