ADA found a bottom (spike down to 1.77) in the Fib retracement zone between approximately 1.90-2.00 after a massive run up to 2.50.
We saw a 1H hammer candle which is a reversal pattern. It seems to be confirmed - this reversal - with the next candle. Now it's trading above the 2.00 (psychological support/resistance).
It makes sense that ADA, along with other altcoins, will soon skyrocket (again) as BTC is still losing dominance.
Nice to see the bottom has been formed so soon.
We saw a 1H hammer candle which is a reversal pattern. It seems to be confirmed - this reversal - with the next candle. Now it's trading above the 2.00 (psychological support/resistance).
It makes sense that ADA, along with other altcoins, will soon skyrocket (again) as BTC is still losing dominance.
Nice to see the bottom has been formed so soon.