ADA finally finished correcting
Few reasons why a rebound is about to happen soon:
- Price 0.00003122 acted as strong resistance back in December, now it should act as support.
- Price completed a 5-wave move down, so it's time for at least 3-wave move up
- Fib time zone seem to be respected (see vertical lines always around major price movements) and it indicates a new major move to happen soon
- RSI in undervalued zone
- Price 0.00003122 acted as strong resistance back in December, now it should act as support.
- Price completed a 5-wave move down, so it's time for at least 3-wave move up
- Fib time zone seem to be respected (see vertical lines always around major price movements) and it indicates a new major move to happen soon
- RSI in undervalued zone
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.