The Fibonacci tool is very useful even for beginners, because it measures the entire move and gives you levels where price is and where it could go to. In a bullish market you always want to buy below the 50% level because it's considered discount and it falls within all the previous imbalances and demand zones. Looking at ADA we are still at a discounted zone , and this might be the last time ADA will be this cheap .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.