the least we could go from here is near the 2300 zone where i have my 0.236 fib, i really think the price would not go below that level.with some good number of hits at this level we might most possibly bounce here, giving us a hope of a double bottom bounce.
CARDANO/BITCOIN is in an up Trend and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 60.
The price is in an up trend, but we forecast the uptrend would probably resume.
There is still possibility of temporary retracement to suggested support zone...
This a Technical Analysis for ADABTC chart on 4 Hour timeframe. It has completed impulse wave 1 and 2. Wave 3 which is usually the longest and strongest wave is just started. Based on the Fib level expected target is somewhere around 5700 to 5800 Satoshis (Taking this a bit on lower side) See the corresponding Fib level as well. Wave 4 retracement may be around...
ADABTC Bittrex Price Analysis For Day Trading
Cross Over found in over bought zone,
there is a small chances that prices goes up. If the market breaks 3084 level , then the next resistance should be 3287 satoshi.
Support level - 2721 Satoshi.
The price may be touch the 3084 resistance level.
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