ADABTC Retraced back to 0.786 Fib. from its last bullish wave. After reaching this support level, a strong big candle started to develop.
With a blue line I've marked the downtrend that is being challenged right now.
We can see a push above EMA10 and EMA50.
If ADABTC can close the daily above EMA50 (magenta line), it would signal massive strength and additional bullish action can be expected from this altcoin.
It would move up to challenge its last peak @ 0.00001355. If this level breaks, we can look at higher targets. If this level holds, then a retrace is in place and a new analysis is needed.
Conditions for change: If ADABTC is to fall back and close below 0.00001074, it would be sending a bearish signal and additional bearish action can ensue.
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