#ADAUSD
$ADA is trading inside a support zone between 0.5 and 0.618 fib of last swing high, and yesterday touched 0.618 fib level but price is still above it.
bullish scenario: if price break out from descending resistance line it can head up to touch resistance zone between $2.47 and $2.63. break out from this zone can help price to complete AB=CD pattern at $3.9
bearish way: price can drop more to touch weekly ascending support line, then head up. but close below this line will invalid the up trend scenario.
$ADA is trading inside a support zone between 0.5 and 0.618 fib of last swing high, and yesterday touched 0.618 fib level but price is still above it.
bullish scenario: if price break out from descending resistance line it can head up to touch resistance zone between $2.47 and $2.63. break out from this zone can help price to complete AB=CD pattern at $3.9
bearish way: price can drop more to touch weekly ascending support line, then head up. but close below this line will invalid the up trend scenario.
