SHORT ADA
As can be seen in the ADA chart, the price is moving in one channel. The price has dropped to 88.1% Fibonacci levels from its previous move. It has returned and is now adjacent to the upper line of the channel. In contrast to this move, the resistance path is at the level of 0.713, which is both the level of 78.6% of the previous Fibonacci and the resistance level. We expect to fall again from the vicinity of the upper line of channel and we can put our stop loss on the opposite side of the channel
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