$ADA A whale falls and all things come to life, but the big cake hasn't fallen yet. Is the strong alternative about to shoot up? The big cake is breaking a new high, is this ada not going to the moon? Look at the chart, the daily RSI has already reached a seriously overbought zone, expecting a pullback, but the indicators have a lagging effect.
The specific pullback time is still unknown, short-term players should be cautious of risks. Always remember there is an expectation of a pullback. Continuing to look at the chart on the 4-hour level, the position marked by the red box is a super resistance zone, which is also the previous support-resistance swap position on the 4-hour level. If it can break through directly, it will go to around 0.49-0.51, but if it can't break through or has a false breakout and falls back, it will face a pullback on the 4-hour level.
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If you all are quite optimistic about this ada, you can buy spot in batches in the range marked by the red arrows in the chart. Don't be afraid it won't reach, alternatives can fall quickly, you might wake up and it's already there.
On the daily Fibonacci level, if it makes a 1 to 1 pullback, it will come to around 0.33, which is the bottom range for laying out spot. The daily level has to follow wave theory and is now facing the 4th wave pullback. For those of you holding ada spot, pay attention to the 4-hour level around 0.45, is it a real breakout or a false breakout!
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If it's a real breakout and doesn't break back, you might still hold on and expect the position around 0.49-0.51. If it's a false breakout, you should sell part of your position, and buy back when it drops, or add back if it breaks through. I think not many people are buying this ada! The above are all short-term views, long-term players please ignore.
