(ADA/BTC chart analysis) ADA accumulation range almost reached.
After piercing below the 200 daily SMA, ADA retraced to the 61.8% Fib retracement level, before eventually falling below the 61.8-65% (golden pocket) interval -- turning the ~61.8% Fib retracement interval (previously as a potential support) into resistance.
The measured target is the green interval, which might be a good range to re-accumulate back into ADA.
If ADA falls below the green interval (where stop-loss should be set), next accumulation level would be the yellow box below.
The measured target is the green interval, which might be a good range to re-accumulate back into ADA.
If ADA falls below the green interval (where stop-loss should be set), next accumulation level would be the yellow box below.