ADA held the 100sma 🟡 on the daily chart and came up to the top of the pattern for a test of the highs. I think a slight retest of the 100sma for extra support and continuation of higher lows would be great for a next move. Unfortunately If it fails to hold these levels, the next stop is the 1.618 at 0.38-0.39 which happens to fall on top of the 200 and 233sma
A...
The blue static line belongs to the highest price in ADA history. it could be a pullback to the highest high but if the price break down the channel (careful of fake breakout) it can be a short term correction wave.
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