Cardano Intraday Analysis 08/25/2021

Cardano has been extremely strong in previous weeks and months; however short term points to a correction to occur. There is potential that the recent high is a macro top with a valid 5 wave sub count top from the lows $1.02 to the high of $2.97; two valid counts can occur both expecting short term downside. If we are to remain bullish this may be an extended Macro 5th wave in which we are completing a wave 2 of wave 5 to the upside. Intriguingly, sell off volume outweighs buying volume suggesting that sellers are regaling control and will push the price down.

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