ADA 4H chart. ADA is still testing the support around 5.2k on Bitfinex. I have been trying to use XABCD Gartley & Cypher to predict the reversal trend (I still new to this method). It seems that the cypher indicates a possible reversal after testing the support. If fail, it will test the next support al the way down to the green lines. I wish i had the volume...
I am new to TA. Please comment and critise for me to improve. ADA broken through the descending triangle and has shown signs of an slight uptrend movement. If it can retrace to the 0.38 fib and breakthrough, ADA can try to test the 0.618 fib level (around 7.1k satoshi). The projection still await more confirmation after ADA test the resistance at 5.8k satoshi (0.38fib)
