Alternative text: ADA/USD Hourly Fibo
The currency pair has recently jumped off 2. level targeting the red descending on the Hourly chart. We had a correction on Wednesday as expected, but buyers were unable to develop it above the red descending . What can we expect from the currency pair in the nearest future?
1. correction scenario. It is in place already as the price is above 2. level. The closest target for the correction lies at the red midterm descending . If buyers manage to cross it, they will target 1. level, which coincides with $0.2166 .
2. scenario. The currency pair will reach the red descending and reverse downwards from there or start off declining from the current levels targeting new lows below 2. level.
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