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andrewmurray86

Macro View (related to previous idea)

Cardano / Bitcoin (BITTREX:ADABTC)  
andrewmurray86 Updated   
BITTREX:ADABTC   Cardano / Bitcoin
Trend Analysis Technical Indicators ADA cardano ADABTC Fibonacci Retracement
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trendanalysis indicator ada cardano adabtc fibonacciretracement
A macro view showing the entire Fibonacci overlay.

You can see clearly previous supports and resistance, see my previous idea for more detail.

As always, please leave your thoughts.

ADA Break outs ahead
Comment:
The trend line has breached the lower side of the pennant, this is good news for those wanting to buy in low. Support may drop to to the 2800-3000 range. Bad news for bulls wanting the price to climb.

As always, any sudden changes to BTC can and will affect the price of ADA. Crypto is extremely volatile at this point and will likely remain so for the next few years.
Stop losses recommended to ensure you don't take a hit. I have confidence the price will climb again even if support drops to lower level so ensure your buy in points are ready too.
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