In daily timeframe , ADA is forming an inverted head and shoulder pattern, which is a very important pattern at the END of a long descending channel . The 0.618 Fibonacci support(0.93) could be ADA’s last DIP. We consider the breaking of the 4-hour timeframe resistance as an important signal for BUY. Here we have the conditions for a good trade with a high risk-to-reward ratio. After a 4-hour resistance break, there is a good opportunity to buy. Then a $1 resistance breakout could be the second important buy signal for a mid-term trade.
One Week target: 1.248 (1 fib)
6-week target: 1.594 (1.618 fib) cause VASIL hard fork.
* May decline to 1.86 (0.786 Fibonacci)!