EuroMotif

ADA.btc at Key Support: must hold 1200 sats to avoid serious dip

BINANCE:ADABTC   Cardano / Bitcoin
Update to my Cardano Long Trade call (click).

ADA has arisen from the ashes and has been soaring high.
It hit all of our targets and is now in a corrective phase.
Currently in a Key range with only Fragile floor below.

1200 sats is key support both structurally and psychologically.
Below that we have solo fibs that could catch it but hit or miss.
822 sats is the first Strong support below, followed by 706 sats .

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Previous Analysis that caught the EXACT bottom: .

Then NAILED the retrace level for re-entry or adds:
Comment: Just hit what should be "Strong Support"
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Zoom IN (5 min) with other local fibs added We have pretty tall zone down to 806 sats.
But the strong part is near the top, and that was pierced.
So not the "best" bounce I would like to see, but a start.

Lets see how it goes from here, a near-double-bottom possible.

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the Golden Ratio is my Religion
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Comments

Love this chart...for that matter love all your charts..real clear and easy to follow...thanks again Euro...;)
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