We might be witnessing a bull flag/pennant forming on the daily. We have long term resistance at .103 that should now act as support. lots of confluence around .156 Both the 2.36 fib extension and 1.618 fib retracement. We also see some confluence at about .24 with a the 4.23 fib retracement, and 1.68 fib extension. Does ADA take another leg up to new targets, or retrace to the .103 area before heading back up? New releases coming up. Staking goes live on Main net, and Goguen in the pipeline. BTC has been so quiet. Historic volatility is coiled to blast off, but in what direction?
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Looks like we could get a resolution of this formation around the 23rd or 24th of July.
Don't you think the retracement is started?
If yes, what is the first target? 0.103 or 0.1127
Rainmaker21
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@Saes190197, I don't have time to get into all specifics. I am not a financial advisor. My published charts and comments are my own opinions that I share. Please do your own research, as this is not financial advice.
Don't you think the retracement is started?
If yes, what is the first target? 0.103 or 0.1127