As per my previous idea the ADA turned from the potential reversal zone of and recovered more than 14000% and became the most strong coin among top cryptocurrencies. Now the price action has found firm support above 0.786 of A to D leg of this and re-testing this level as predicted.
Priceline is retesting the 0.786 Fib projection after execution of idea:
On the price action is at the support of up-channel. The is showing less interest of the traders below the resistance and high interest of traders even below the support which is bit critical but the priceline of ADA has also strong support of 200 below the support as well.
On the long-term weekly chart the price action of Cardano is trying to breakout the $0.105 . If this resistance will be broken out then it has next resistance at $0.14. But in case of rejection by this resistance of $0.105 the priceline of ADA has next support at $0.085 then $0.065 and $0.027 respectively. In the meanwhile the priceline is likely to form an and at recently it has bounced from the support. The also has given bull cross.
As the priceline of ADA coin is at the resistance of $0.105 and having previous support at $0.085. Therefore if it will be rejected then there are strong chances that it will be moved up from there because the pric action also has strong support of 200 on almost at the same of $0.085. However we can expect that the priceline won’t break down the support of expected channel on weekly chart.