ADA retraced to 0.618 fib level which is also the previous breakout level. Considering this to be the bottom, the reversal will likely take it to .00002144 and then .0002690 which are 1 and 1.618 fib level considering the previous move. This would also complete the N-wave. RSI and MACD are approaching oversold levels which may give an indication that an upside is likely.
Alternatively if ADA breaks below 0.00001260 this move will be invalidated.
Alternatively if ADA breaks below 0.00001260 this move will be invalidated.
Commentaire:
Couple of more closes below 1260 would invalidate the setup.
Commentaire:
Invalidated.