ADA is in a downtrend. In weekly chart it's on its lows, however looks like bouncing and hitting resistance. At Daily it reached lows of July 2022 and bounce back down, and there are lots of resistance areas around 0,38 and 0,42, as well as EMA 200. However, EMAs are too close one another.
So, in 4h I'm seeing a downtrend. After. rejection of 0,42 highs to 0,297 lows, it bounce to Fib 61,8 (a little bit above) and it's retesting that area. If can't pass through it I'll open a short position.
So, in 4h I'm seeing a downtrend. After. rejection of 0,42 highs to 0,297 lows, it bounce to Fib 61,8 (a little bit above) and it's retesting that area. If can't pass through it I'll open a short position.