ADA/BTC
Looking at ADA on the daily helps to get the bigger picture of things. On my previous analysis, I had this drop to the 0.5 fib level as the correction target. Although we have tested the level followed by a small bounce, I still can't see any reversal signs on the daily and sell pressure isn't declining either, but I have personally started adding position and if we do happen to go a little lower, then I will keep adding small amounts.
A bearish outlook: On the chart, you'll also see a yellow box region at the 0.5 and .0618 fib level. The fib levels are from the pivot low of 831 sats to the pivot high of 1944 sats and that region would be my last area of support if we are bullish on ADA and I am. We could expect the dates 28th April - 3rd May IF the 0.5 level (current price) does not hold.
Probable Entries: 1500 - 1257 sats reg.
Potential Targets: 1602 - 1797 sats.
Potential Target Mid-Term: 2291 sats.
Potential Profit: 6.80% - 82.91%
For day to day updates and new chart analysis, join Altchica on Telegram at t.me/altchica
Looking at ADA on the daily helps to get the bigger picture of things. On my previous analysis, I had this drop to the 0.5 fib level as the correction target. Although we have tested the level followed by a small bounce, I still can't see any reversal signs on the daily and sell pressure isn't declining either, but I have personally started adding position and if we do happen to go a little lower, then I will keep adding small amounts.
A bearish outlook: On the chart, you'll also see a yellow box region at the 0.5 and .0618 fib level. The fib levels are from the pivot low of 831 sats to the pivot high of 1944 sats and that region would be my last area of support if we are bullish on ADA and I am. We could expect the dates 28th April - 3rd May IF the 0.5 level (current price) does not hold.
Probable Entries: 1500 - 1257 sats reg.
Potential Targets: 1602 - 1797 sats.
Potential Target Mid-Term: 2291 sats.
Potential Profit: 6.80% - 82.91%
For day to day updates and new chart analysis, join Altchica on Telegram at t.me/altchica