(1-Day chart): we immediately see Cardano confined into a rectangle pattern, in which it completely broke down into this pattern by August. We can identify it was struggling to hold and pass the resistance it fell beneath, which caused it to fall in September (the 21st). Ever since, we fell beneath the 0.4 cent support in, September we have been in this pattern.
We have identified key points on this chart where price action respects our horizontal trend-lines. Our best deduction of the current sentiment is a further correction down to 0.289 cents, or a test to close above 0.4 cents. The first scenario seems likely as it goes with the trend. For those looking into intra-day to time a trade i will provide more screenshots in more detail..
In this screenshot i have identified a corrective wave shown on the 2hr chart. It is quite simple to figure out these waves with this scenario. I have drawn two horizontal trend-lines that will act as short term resistance/support levels. For our price predictions please look at the text provided in the first screenshot. We will provide updates for when this coin starts to show more signs of life.