ADA close above $1.12417 bullish engulfing candle

If ADA closes today above $1.12417 on binance, that will be the first bullish engulfing candle since the ATH from this down trend. ADA bounced off nicely off the 200 ema on the 4 hr closed above the 200 sma, daily BB, and mid descending channel, and will most likely not close below the bullish channel. The fib retracement shows your next resistances which line up perfectly with "break down, not out" candles.

Comment:

Closed under. No bullish engulfing daily candle. :( When theres an automatic rally off a low support, there is no follow through, and bulls exit....