ADAUSDT MACRO Analysis OCT 12 2022
Based on EW & Fibs, the next Macro support for ADA is at 0.5-0.618fb or 0.23-0.13.
Price tends to move sideway on average 90days before retesting the next fib.
Therefore, after the retest of the 0.5fib (0.23) price could move sideways for for 90days. During the 90days sideways correction, resistance will be 65% above the support. So, if 0.23 holds, resistance could be or could start at 0.37
On the Monthly Basis, bulls will look to retest the M21ema in the next few Months.
Based on EW & Fibs, the next Macro support for ADA is at 0.5-0.618fb or 0.23-0.13.
Price tends to move sideway on average 90days before retesting the next fib.
Therefore, after the retest of the 0.5fib (0.23) price could move sideways for for 90days. During the 90days sideways correction, resistance will be 65% above the support. So, if 0.23 holds, resistance could be or could start at 0.37
On the Monthly Basis, bulls will look to retest the M21ema in the next few Months.
