ADA broke 1.29 Fib. Can it sustain?

It looks like ADA broke the 1.29 Fib level, and big question is can it sustain. In order to do that it needs to establish 1.52 (The next Fib support area). Given it is still below the EMA ribbon line and also a lot depends on the action of BTC as well (BTC just got rejected at 37K Fib area).
In my other chart I have a detailed explanation about BTC rejected at 37K (BTC candle will close in 2hours today).

I personally won't rush into any investment into ADA right now ( I might DCA and accumulate some ADA after the BTC price settles).

Please Note: The analysis is based on my own views and it should not be treated as financial advice.
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Best,

Adit Doza
Part-time Faculty
Mike Ilitch School of Business