After piercing below the 200 daily SMA, ADA retraced to the 61.8% Fib retracement level, before eventually falling below the 61.8-65% (golden pocket) interval -- turning the ~61.8% Fib retracement interval (previously as a potential support) into resistance.
The measured target is the green interval, which might be a good range to re-accumulate back into ADA.
If ADA falls below the green interval (where stop-loss should be set), next accumulation level would be the yellow box below.
The measured target is the green interval, which might be a good range to re-accumulate back into ADA.
If ADA falls below the green interval (where stop-loss should be set), next accumulation level would be the yellow box below.
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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.