📊 ADA REACHED THE SUPPORT THRESHOLD DECIDING THE NEXT TREND, SHOULD WE BUY OR SELL !
$ADA has just touched the 78.6% Fib zone of wave (ii) — a significant technical milestone in the Elliott wave correction structure.
From the market perspective:
This is usually the deepest area that wave (ii) can retreat if the uptrend remains valid.
Maintaining support here will sustain the growth trajectory, paving the way for wave (iii) to explode afterwards.
Conversely, breaking below 78.6% is a signal that the upward momentum has weakened, while forcing us to reassess the entire wave structure.
Currently, the price reaction around this area has confirmed, $ADA will continue to explode. Buy now at this price range 0.354 - 0.36.
ADAUSDT
Perp
0.36
+0.05%
ADA
0.36
-0.02%
