🔹 Cardano ($ADA ) – Testing Key Resistance 🔹
📍 Current Setup:
ADA rallied from the August 2nd support test into target/pivot zone
Internal wave 4 support at $0.755–$0.785 held perfectly (50% retracement)
Now showing a clean five-wave move up from the Aug 12 low
📊 Key Levels to Watch:
Immediate Resistance:
$0.931 – $0.94 → July 21 swing high
$0.95 → descending trendline from larger triangle pattern
Major Bullish Targets:
$1.70+ (larger degree C-wave target)
$2.00 possible in bullish continuation
Support: Larger zone from early August remains in play unless broken
📈 Scenarios:
Bullish Breakout (Preferred if $0.95 clears):
Direct continuation toward $1.70–$2.00 without major pullback
Pullback Scenario:
Possible broader B-wave retrace if rejection at $0.94–$0.95
Would still keep larger bullish setup intact if support holds
💡 Market Takeaway:
ADA is at a decision zone. Breaking $0.95 could trigger a stronger breakout toward $1.70+, while a rejection may offer another buy zone before the next leg up. Momentum remains bullish from the Aug 12 swing low.