Macro View (related to previous idea)
Updated
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.
You can see clearly previous supports and resistance, see my previous idea for more detail.
As always, please leave your thoughts.
Note
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.