As you can see on the chart ADA has made its bull/golden cross already and trading above 200 Daily MA. This has not happened for over an year. The coin is also finding support currently above 100 MA (pink).
Moreover, FIB level 61.8 from the whole move was touched yesterday which is confluent with 78.6 level from latest move (23.6 on chart as retracement is inverted).
Potential profit target is on the chart.
Moreover, FIB level 61.8 from the whole move was touched yesterday which is confluent with 78.6 level from latest move (23.6 on chart as retracement is inverted).
Potential profit target is on the chart.
Comment:
4H chart shows divergences on RSI and MACD. Potential entry could be just above 61.8 retracement
