ADA recently continued to pull back and, in doing so, reached our green Target Zone ($0.19–$0.12). In theory, we may even have already seen the expected low. At any rate, our primary view, is that ADA should form an interim low within our green Target Zone. After that, a rebound to the upside should provide some relief before the final pullback of the ongoing downward move unfolds, still below the resistance at $0.44.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
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.