ADA is on need for recovery, it's very long bearish trend has not a single spike for a while. My 1.618 Fib circle, one of the strongest, got hit and it's usually respected in the first hit, so a minor spike can happen here. There is other outer 1.618 Fib circle very close, so the probability is not all that good. As always, use risk management to get out quickly and have good risk return ratios.
Note
The probability was really low with a larger support very close, so ADA didn't produce not a single spike on the inner support, it just signaled more bear action to the very wide one
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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.