ADA - Will the Golden Zone hold?
Cardano hasn't been fighting the bearish pressure much. However, the Golden Zone (a demand zone which has formed on the 61.8 fib) broke the downwards countertrend channel... and hopefully the bearish pessimism. We should be back on track soon.
I wouldn't be surprised if price retested this level once or twice more before shooting off - however if the level is tested more than 3 times - then expect it to break, and do one more push down.
If price does drop again I'm not too stressed - I just see this as another opportunity to buy the coin at a discounted price - because the long term prospects are very optimistic for ADA.
I wouldn't be surprised if price retested this level once or twice more before shooting off - however if the level is tested more than 3 times - then expect it to break, and do one more push down.
If price does drop again I'm not too stressed - I just see this as another opportunity to buy the coin at a discounted price - because the long term prospects are very optimistic for ADA.
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