ADA seems to be trickling on down to road. I'm thinking the 618 weekkly retrace is in play before we go back up or if 618 don't hold we visiting 786.
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We testing it.
4hr shows a nice spike towards the 618 / M/W support at 3686.
Looks like some we are bearish at the moment and will need to wait and see what's next. On the 4hr we are well below the 200 and 36 day moving averages. See the next day chart below to see what that did to ADA.
Day Chart with MAs.
Here you can yesterday's downside broke below / closed below trend as well as the 36 day MA. Right now we are testing 618 as support and will have to wait to see were we end up. Right now we are seeing indecision. We could be nearing the bottom for ADA and ready to start back up soon. We'll need to see a few ladders climbed to be convenced. (e.g. 36 day, 4157 resistanc, trend, 4500 resistance)
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So support couldn't prevent the trend back from cotinuing on down. We broke support at 3686 and falling. We start to find some more support at 3200 based on prior structure.. Waiting to see. start loading up on rebuys