LOKESOVH

ADA - Healthy pull back expected.

Short
BINANCE:ADABTC   Cardano / Bitcoin
ADA has had a super run. However, the 4H RSI and Daily RSI are in the over bought zone. Expecting a healthy ABC correction as indicated on the chart.

Accumulation zone could be anything between, however, this would really depend on how BTC , it's big bro is performing.
0.5Fib - .00002426 BTC
.618 fib - .00002266 BTC

Any bullish move from BTC above 8500 will likely lead to a lesser retracement for ADA and most alts.

Happy Trading!

Always, DYOR!

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