ADA
Just as an update to this. We ended up completing the HnS, I didn't get all the gains as I exited a little early. However the TA worked out.
We've retraced pretty much the entire move up and bounced off that large weekly support at roughly 3460.
Where we go from here is tough to say. We have held very well and there's heavy support here and I wouldn't be surprised with a recovery bounce. It'll depend greatly on BTC/ETH, but if we're looking at just strictly ADA the indicators suggest more downside.
We've retraced pretty much the entire move up and bounced off that large weekly support at roughly 3460.
Where we go from here is tough to say. We have held very well and there's heavy support here and I wouldn't be surprised with a recovery bounce. It'll depend greatly on BTC/ETH, but if we're looking at just strictly ADA the indicators suggest more downside.
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