This dip could be setting up a wyckoff accumulation schematic. If this confirms, there will be opportunities for trades in both directions. The same accumulation schematic that I was previously following fell apart between phase D and E, but that was on the 1hr chart. Zooming out to the daily chart, ADA is also running into extremely heavy support between 1.02 and .92
If this support fails and the schematic falls apart, things could get ugly fast.
Wyckoff Accumulation Schematic for reference: https://forexop.com/assets/uploads/2020/09/wyckoff_accumulation_chart.png
Wyckoff Accumulation Schematic for reference: https://forexop.com/assets/uploads/2020/09/wyckoff_accumulation_chart.png