$ADA Bullish or Bearish?

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#Cardano continues to consolidate without a breakout, maintaining support between $0.323 and $0.29. We're monitoring four key Fibonacci levels for a potential corrective pullback. While yesterday's rally showed promise, it failed to sustain momentum, and the 38.2% level reaction didn't trigger a breakout. The correction seems likely to persist until we see a clear move above $0.356. Wave analysis suggests we're still in a healthy Wave 2 correction, with no signs of a third wave rally. The $0.29 level remains crucial. There’s a potential larger B wave scenario with either an ABC structure or a wider flat correction. No major movements are expected over the weekend, and the recent pullback hasn't convinced me that the low is in yet.

✅ ADA Futures Signal:

Setup: Short ( 5X to 30X )

Entry: Below $0.323

Target: $0.29

Stop: Above $0.356

Rationale: ADA remains in a consolidation phase with a likely continuation of the correction.

#Trading #adabear #FuturestradingSignals #TechnicalIndicator