As you can see on the chart ADA has made its bull/golden cross already and trading above 200 Daily MA. This has not happened for over an year. The coin is also finding support currently above 100 MA (pink).
Moreover, FIB level 61.8 from the whole move was touched yesterday which is confluent with 78.6 level from latest move (23.6 on chart as retracement is inverted).
Potential profit target is on the chart.
Moreover, FIB level 61.8 from the whole move was touched yesterday which is confluent with 78.6 level from latest move (23.6 on chart as retracement is inverted).
Potential profit target is on the chart.
Note
4H chart shows divergences on RSI and MACD. Potential entry could be just above 61.8 retracement
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.