ADA Update Dec. 02, 2024

Based on the past two posts a few more indications of important supports/resistances to look out for.

grey lines: upper one is VAH (value area high) which functions as an important support. it seems that the trendline was kinda touched (sometimes it's more of an area, not an exact point) and goes for another attempt.

now, I've charted the fib extension levels (long lines) from this years previous high before the parabolic move up past month. from that we get a 161.8 and 261.8 fib extension level as possible resistances to have in mind.

doing the same for the recent higher high to the recent higher low, the current 161.8 sits at around 1.32 above the high volume area in which ada has it's current resistance to break. if it attempts it and successfully (possibly) retests the resistance as support, the next line would be 1.32 (161.8 short) and then 261.8 above (longer one) which sits at around 1.67$ , but I expect it retouching the 4h trendline again inbetween or at least in the next weeks going further.


we already saw an attempt higher, next level would be the outer line of the high volume zone (1.25 $) and above as stated.

I just wanted to post this as a separate one in order to show the levels directly in the charts

hope that helps.