Cardano has been pounding against the ceiling. Above there are wide open spaces to next fibs. It could be a good HODL buy or high profit trade.
The Fib series is from last drop starting in May 2018. The 2.618 was good support and is a common bounce point. The 2.236 often works in tandem acting as the 'other' wall.
Break above 2.236 opens it up to the 1.618 as final target. 2.0 is not a valid Fib, but 'Double' and 'Half' do get attention. 1.764 (2.0 - .236) is not often strong but proved during drop.
Break above the 2.236 and then retest would be great entry. Support wise, the 2.382 must hold or odds of breakout diminish. Of course, if the 2.618 breaks then the downtrend will resume.
Ideal: sudden spike down to 2.382 and then a 'super-ball' bounce.
코멘트
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We definitely have a break out, question is will retest of 134x hold?
Closeup I am watching this fib for clues
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코멘트
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Still looks good, and fib is on task that 4.236 might be a spot to take some profits for me, let the rest ride .
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코멘트
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Nice, perfect Tap of the Target. Sold 50% of my ADA bag at this 4.236 will look to buy back lower
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코멘트
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Here we are, at the first Moment of Truth
Zoomed in. You cant get any more precise than that
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코멘트
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Fibs on the 15min shows reason for reflection from 1733 stats now to see if bulls can hold the green 6.236 around 1694
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코멘트
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1694 brought some buyers, nice wick on 15 min candle exactly at the zone
코멘트
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Sorry for lack of updates. ADA hit Target 2 EXACTLY, gotta love Fibs, WOW
Zooming in, we see just how Precise the Fib line forecased the resistance
this drops about to be fun! ada in the long run for sure
EuroMotif
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@xitrades, hi, yeah, hoping it comes back to 1400 or so where I plan to start loading again....
eagle313
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So, whats your buy back levels?
EuroMotif
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@eagle313, Hi, currently watching 1400 sats but it might come that low. Watching the other fibs as well
UnknownUnicorn1444042
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BRUH! You are an assassin!
EuroMotif
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@transamspirit, TY friend!
I give all credit to the Golden Ratio, as you know....
UnknownUnicorn1444042
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@EuroMotif, I keep doubting. I sold before the final spike knowing itd hit 1460
EuroMotif
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@transamspirit, Profit is Profit ! maybe it turns out I sold too early too .... so I usally step and out in 50%/25% imcrements...
UnknownUnicorn1444042
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@EuroMotif, Either way... your fibs always seem to reaffirm what im seeing. You should take tips! Honestly, this big a pump so close to pattern conclusion? The dump may be severe.
UnknownUnicorn1444042
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Holding this in my back pocket until we determine which way we are going. Thanks Motif!