ADA Retraces to Range Bottom

ADA rose to $2.38 on 09 November 2021 making a long wick candle and dropping back down to the lower ranging area near $1.935  support level. 

The interesting thing is the drop was also a wick so ADA retraced back to the upper-value area – showing a strong tug of war between the Bulls and Bears that ended in a draw (so far). ADA, technically is still Bullish and can resume the price right from here back to the upper resistance area. If not, today’s support of $1.935 is still there to back the price. The major support is at fib 1.272 at $1.80.