$ADA is just at the 200 Day MA on the daily chart now, just slightly below the 0.618 Fib but above the 0.65 Fib, so ideally, this is the perfect spot to bounce now. So far, the structure has been absolutely immaculate here, I cannot fault it, so I would like to see this move now....failure to hold this support line and I feel the set up will lose structure.
Either way, I am holding my position here and I will likely slowly add in either direction it goes.
Kristof Van Nevel
2023-05-11 14:39:30 +0000 UTC