ADA recently continued to pull back and, in doing so, reached our green Target Zone ($0.19–$0.12). In theory, we may even have already seen the expected low. At any rate, our primary view, is that ADA should form an interim low within our green Target Zone. After that, a rebound to the upside should provide some relief before the final pullback of the ongoing downward move unfolds, still below the resistance at $0.44.
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