ADA.USDT (Y21.P1.E5).Looking for next level breakthrough

Hi Traders,

Based on the recent events, I wasn't quick enough to get some posts out.
Based on this strong candle on the 8 hr and a bullish divergence, I entered and then was going to post this and my thoughts.

I believe the bottom for ADA is in but it doesn't mean its going to break this strong resistance time any soon.
It would be great but it might just stay a little longer above this 0.382 fib and below this red zone as BTC could possibly pull back (but I doubt it very much) to retest the weekly resistance at 59k mark.

Moving foreword, I would look at the 4 hr candle sticks to stay above this current level 1.10 and we already have the 1 hrly 13/50 ema x over.
And breaking the red line on the RSI on the 8 HRLY.

All the best,

S.SAri

Giao dịch đang hoạt động:

As expected, strong resistance by this red band.
8 HRLY chart.
Has not fulfilled going long criteria yet.
I believe ADA will be here for some time doing the bottom re-accumulation thing and hence go with other coins who are yet to make big advances.