Cardano has been pounding against the ceiling.
Above there are wide open spaces to next fibs.
It could be a good HODL buy or high profit trade.
The Fib series is from last drop starting in May 2018.
The 2.618 was good support and is a common bounce point.
The 2.236 often works in tandem acting as the 'other' wall.
Break above 2.236 opens it up to the 1.618 as final target.
2.0 is not a valid Fib, but 'Double' and 'Half' do get attention.
1.764 (2.0 - .236) is not often strong but proved during drop.
Break above the 2.236 and then retest would be great entry.
Support wise, the 2.382 must hold or odds of breakout diminish.
Of course, if the 2.618 breaks then the downtrend will resume.
Ideal: sudden spike down to 2.382 and then a 'super-ball' bounce.
Above there are wide open spaces to next fibs.
It could be a good HODL buy or high profit trade.
The Fib series is from last drop starting in May 2018.
The 2.618 was good support and is a common bounce point.
The 2.236 often works in tandem acting as the 'other' wall.
Break above 2.236 opens it up to the 1.618 as final target.
2.0 is not a valid Fib, but 'Double' and 'Half' do get attention.
1.764 (2.0 - .236) is not often strong but proved during drop.
Break above the 2.236 and then retest would be great entry.
Support wise, the 2.382 must hold or odds of breakout diminish.
Of course, if the 2.618 breaks then the downtrend will resume.
Ideal: sudden spike down to 2.382 and then a 'super-ball' bounce.
Note
We definitely have a break out, question is will retest of 134x hold? Closeup I am watching this fib for clues
.
Note
Still looks good, and fib is on task .
Note
Nice, perfect Tap of the Target. Sold 50% of my ADA bag at this 4.236 .
Note
Here we are, at the first Moment of Truth Zoomed in. You cant get any more precise than that
.
Note
Fibs on the 15min shows reason for reflection from 1733 stats .
Note
1694 brought some buyers, nice wick on 15 min candle exactly at the zone Note
Sorry for lack of updates. ADA hit Target 2 EXACTLY, gotta love Fibs, WOW Zooming in, we see just how Precise the Fib line forecased the resistance
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