ADA might have another leg lower before ROCKET!

• Cardano has been in a brutal downtrend with the rest of the altcoin market
  
• We continue to find resistance at S/R flip zones on every bounce and are currently forming a bearflag with decreasing volume on this move up
  
• We could see a small bounce here up to the EMA before a break below the channel and test the long-term support OB
  
• That would be the ideal area to play a long position
  
• If we do get a break above the channel, the supply zone above will most likely stop ADA in its tracks
  

Thanks guys!