Biffy

ADA BTC Support and Resistance levels

BITTREX:ADABTC   Cardano / Bitcoin
ADABTC made a small inverted H&S pattern, with the head around 11th Dec, then broke the neckline of a larger inverted H&S on 21st Dec, worth noting that the right shoulder of the larger H&S is a bit dodgy. I beleive it may be a little early to call for a full reversal as we need to see follow-through on the higher timeframes. The fibonacci fan and trendlines should give a good indication of support and resistance on a local level.

Not intended to be financial advise, not an expert.
Biffy
Aviso legal

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