Thoughts on ADA (Daily $ chart)

https://www.tradingview.com/x/XqH5tih5/

Cardano is looking pretty bottomy here at this moment. I've included the daily / dollar chart.

Clearly we can see a large bullish divergence on the rsi as well as a sufficient 70% correction from the top.

After such a large initial five wave impulse and now a lengthy (for crypto) corrective phase we should be able to start our next drive up granted we see a bullish continuation in the crypto market.

I would keep a tight stop around the mid 2400s incase we see further capitulation.