Noticed we have broke the range and pulled back about 68% fib since the break. I see a turn around coming :)
If you remember I said earlier I have entered around .052 again with around 4k ADA. I will probably hold it for the long haul but should I decide to pull this bag early I will do so and put it into another asset that might be a viable option at the time.
Traders should be aware of the 200 MA and 100 MA and wait for price to be ABOVE the moving averages. If we are above the green 800 MA again buyer strength will be solid. Until then we will ride the curve here and I see the consolidation continuing a bit longer before we impulse up again or "wave" up. If you haven't already added to your bag This is where I would probably do so if you didn't below .055 already. Lets see how it goes! Are you a long term holder of ADA? If so why? Do you like the philosophical approach the IOHK team has?
Would love to know everyones thoughts! please comment below if you enjoy this idea and like it if you agree! Thanks all!
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.