ADA has shown a lot of relative strength against almost all the top 20 coins and continues to do so against the dollar. The main chart shows quite a bit
A macro zone that acted as resistance prior to all time high then set up resistance for the capitualion in the middle of May.
A micro zone that acted as resistance around 1.9. THis local high was follwed by a quick and sharp dip of about 10 percent. I personalyl was suprized to see that the correction did not go deeper into the formation and I was looking to buy closer to 1.75 and that opportunity did not come to me.
The resistance that set up the most recent negative price actin has been flipped to support. It best viewed on lower time frames
This may be retested again, as may the the other zones identified.
But with the hidden bullishness on the 4h I think the downside is rather limited.
Nicely explained, keep it up 🐮