🔥 ADA Double Fibonacci Reversal In Anticipation Of Huge Week

Of all the major alts, I'd argue that ADA has seen one of the biggest drops. However, ADA has regained around half the value it lost over the weekend.

As seen on the chart, ADA is currently experiencing heavy resistance around the 0.283 level, which coincides with both the 0.382 (June high) and 0.618 (last Friday) Fibonacci retracement levels.

With a very heavy macro week incoming (CPI & interest rates), I wouldn't be surprised if ADA will see another drop soon.

Target at the recent lows, SL over the local high. One could take partial profits around 0.26