ADA potential reversal playing out, (bottom in)

ADA is set to launch SundaeSwap on 20th of Jan, this signals the start of Cardano's movement into defi/NFTs. Although this is exciting there is also speculation on whether Cardano is capable of running with the increase in transactions this will cause. However with scaling being a clear goal within 2022, I think its clear ADA is heading in the correct direction. And if it manages to set higher lows by surpassing the most recent fakeout circled in yellow, then expect an upwards trend on ADA's market price.