My opinion is that we are currently in a continuation pattern, more specifically, a falling wedge.
Cardano's continued correction, offers great value. I would like to see an intraday move, to at least 50%, hovering between my Stop and my Entry point.
The likelihood of a reversal into a profitable scenario is small for today, but with supposed positive announcements to be released, we might see a slight pump.
I am of the opinion that the market (crypto) as a whole is very much in flux at present; never a good thing for alt coins, but lets see what happens.
Disclaimer - I'm a n00b. I'm here to learn and appreciate feedback and opinions. Trusting my advise is at your own peril.