ADA seems short term overbought (RSI), but still with strong long term support by upward sloping MAs (200 EMA has not bottomed and is tilting upward). Retracement may present good long term buying opportunity. Not financial advice. Do your own research. Never risk money you cannot afford to loose.
ADA could breakout within the next 2-3 days and extent retracement to 0.072 or 0.058 levels
If level breaks next support is at 4.25 and 3.75 Fibonacci levels. Limited volume to support until 4.25 USD. Could be a leading indicator for BTC as was the case in the uptrend
3 Fibonacci grids drawned : 1 : Fibonacci retracement from November high to 15 February swing low 2 : Fibonacci extension from 15 February low to 9 March swing high 3 : Fibonacci extension from 15 February low to 3 April swing high Confluences provides 4 very interesting resistance / support levels (if confirmed) to watch for ((x) indicates above...
Check the daily chart, if immidiate resistance between ~4.1-4.3 is breached then rise to 6 USD is possible. Limited volume has occurred between ~4-6 USD which will be like driving a warm knife through butter for ELA.
Nebulas will implement their revolutionary NOVA technology to their mainnet in the coming days and have publish their on-chain governance mechanism to be implemented during 2019. Strong rise could be ahead.
EOS was one of the first large altcoins to break out of the sideway movement since the November drop. Will EOS show us the way (incl. Bitcoin) to the next level?