ADA / Bulish or Bearish
Hello everyone,
Here’s my analysis of ADA/USDT.
Cardano dropped back below the key level of 0.7446 after a failed breakout. Based on the current market conditions, we can consider three potential scenarios:
1️⃣ Range Scenario:
Price may consolidate between 0.7446 – 0.7041 for up to two weeks.
2️⃣ Bullish Scenario:
A new bullish move depends on a breakout of one of the following levels:
A. Riskier long position: Breakout above 0.7446
B. Safer long position: Breakout above 0.7600
🟡 Note: In scenario B, the stop-loss will naturally be wider.
3️⃣ Bearish Scenario:
A breakdown below 0.6892 could occur — but this does not immediately suggest a short setup.
❗️In that case, we must re-analyze TOTAL, TOTAL2, USDT.D, and BTC.
✅ If the overall market is bearish, a short could be valid.
🟡 Otherwise, it may simply be a deeper correction rather than a trend reversal.
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🙏 Thanks for reading!
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