brownian

brownian

In the previous post, I indicated that the boundaries of the blue channel which is based on a previous trend act as supports. As it can be seen, the price bounced of the upper boundary of the channel. I believe that there will be an accumulation around this upper boundary before the next move up towards $2.45 which is at the 1.618 Fibonacci extension. Again,...

brownian Updated 

BITFINEX:ADAUSD COINBASE:ADAUSD $2.45 seems to be the next target (Fibonacci level) if the movement breaks out of the coil. Also bear in mind that there was a rejection at 2.25 multiple times.