ADAUSDT bounce off the 50% fib level

5 Mar 2021

After a wild ride below our ascending channel on the 4h chart, we found the support we have been waiting for on the 50% fib level. We printed a beautiful hammer indicating the possible end of the downwards move on the short term for the Colorado crypto giant. We have now see how price is struggling to break above the 61.8 fib level even though MACD seems to be flashing a bullish crossing. If we can get some volume, we will see ADA/USDT back on track continuing its ascension.