Can you feel the doom and gloom for ADA - well thats about to change as ADA will be heading north with impulse soon enough.
Looking at the @BoneFunkenstein moving fibs tool, price has trended under the lowest fibs for the first time since March '20 crash. It did once dip below this time last year but it was very brief.
This shows that price is very beaten down here and - much more than other alts and BTC.
Guppy 4H trend tool has twice turned bullish blue now and it has popped back above the lowest fibs.
As I said in previous threads; any BTC bounce and ADA will most likely pump.
Not advice.
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Up 10% today - breaking above the upper (white) short range fib.
Guppy turning bullish (blue) for a second time which is much more significant. This is now most likely not a fakeout from the lows. This is confirmation.
@SergioAcostaQuitana, Its very hard to tell with these wild alts. I'll probably just look for signs of downside reversal rather than try to guess if its a retracement.