ADA/BTC hit Target and then came the BTC spike, now what ?
Updated
Cardano had hit target at purple 4.236 and was ready for retrace.
Then came the BTC short squeeze which brought all ALT/BTC down.
ADA had one of the best recoveries, and is holding initial support well.
Purple 2.618 was the expected retrace even without BTC pump (4.236 to 2.618 is common).
Green 5.618 is now acting as support from higher timeframe, but its influence might not last.
Purple 3.236 should offer secondary support, but if broken then lower zones come into play.
Bigger picture, I am still optimistic about hitting the second and third targets on this plot
Then came the BTC short squeeze which brought all ALT/BTC down.
ADA had one of the best recoveries, and is holding initial support well.
Purple 2.618 was the expected retrace even without BTC pump (4.236 to 2.618 is common).
Green 5.618 is now acting as support from higher timeframe, but its influence might not last.
Purple 3.236 should offer secondary support, but if broken then lower zones come into play.
Bigger picture, I am still optimistic about hitting the second and third targets on this plot
Note
Nice bounce ! Reached above the 4.618, but looks like a temporary top. Watching for clues about any retrace to come, but still looking strong .
Note
Nice Retest of once "Hard Reistance" .
Note
Now that BTC has settled down, back to the Alts. ADA with a decent bounce from expected support .
Note
Since last update, the support zone was pierced. .
Note
Just hit the 1440 support and froze with a tiny bounce thus far .
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