Updated

ADA/BTC hit Target and then came the BTC spike, now what ?

Cardano had hit target at purple 4.236 and was ready for retrace.
Then came the BTC short squeeze which brought all ALT/BTC down.
ADA had one of the best recoveries, and is holding initial support well.

Purple 2.618 was the expected retrace even without BTC pump (4.236 to 2.618 is common).
Green 5.618 is now acting as support from higher timeframe, but its influence might not last.
Purple 3.236 should offer secondary support, but if broken then lower zones come into play.

Bigger picture, I am still optimistic about hitting the second and third targets on this plot

ADA/BTC breakout could be BIG: Cardano 22-58 % minimum expected

Note

Nice bounce ! Reached above the 4.618, but looks like a temporary top. Watching for clues about any retrace to come, but still looking strong

Note

Nice Retest of once "Hard Reistance"

Looking good stil ....

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Note

Now that BTC has settled down, back to the Alts. ADA with a decent bounce from expected support

Note

Since last update, the support zone was pierced.

and it looks like the Purple Fib is defining the bands. So 1500 looks likely to be test again, and perhaps the zone lower around 1440

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Note

Just hit the 1440 support and froze with a tiny bounce thus far

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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ADA/BTC breakout could be BIG: Cardano 22-58 % minimum expected

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag