ADA is currently pulling back to the 38, 50 or 61.8 on the Fibonacci. ADA will have to hold and bounce off key structural support in order to continue a bullish trend and set new highs. If market fails to hold and breaks key support, expect ADA to continue to drop until new higher highs and higher lows are formed. Happy Trading everyone.
Trade active:
Market continues to hold the 61.8 on the Fib. We still looking for that breakout.
Trade closed: target reached:
ADA is currently under a big range. Ranging between 48.12 - 30.32. Considering the highest it's gotten is 48.373 our target of 48.12 has already been reached. I closed trade, however, those that continue to hold, it must break 48.37 and close above it. If ADA goes below 35.59 and closes, expect another test of the 30.32 zone. Hope that helps. Happy Trading !!!