luuudoo

luuudoo

I see a lot of fundamentals reasons for the ADAUSD to bounce back on a few support/resistance level. in fact we are dancing in the 50% to 61,8% area of retracement from the last powerful extension and I expect the price to keep following the historical range before breaking the past ATH. The scenario will be unvalidated if we enter un bear market.

luuudoo

I'm having fun with this shape. I do not believe in this very subjective analysis but I'll be happy to hear from more experienced trader if we need to consider it as a signal (one between millions others necessary!) or not! please share your opinion