ADA Update Dec. 02, 2024
2024-12-02

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 261.8 sits at the high volume area in which  BINANCE:ADAUSDT  has it's current resistance to break. again as stated before,  if anything, ada will move up and down further up the trendline until it has no more room between trendline and high volume resistance zone and breaks through. we already saw an attempt higher, next level would be the outer line of the high volume zone (1.25 $) and above.  rest of the info in the past post - I just wanted to post a separate one in order to show the levels directly in the charts. 

hope that helps.