This video provides a professional Elliott Wave and technical analysis of Cardano (ADA), focusing on market structure, major support and resistance zones, and potential bullish and bearish scenarios. The goal is to help viewers understand ADA’s market position through an educational and data-driven
1 extracted signal · 1 resolved · 0 still active
More Crypto Online08 Nov 2025, 18:24 UTC
AI-generated source summary
The analyst discusses the ADA/USD chart, highlighting that the price has broken out of a price channel to the downside but is holding within Fibonacci support between 32.2 cents and 54.2 cents. A key support level to watch is 47.3 cents. The chart remains under pressure short-term, but there is an attempt by bulls to turn it around. If the 47.3 cent level holds, a potential third wave rally could occur. A micro five-wave move up from this week's low is needed as a first signal, and the price should then break above the first trendline around 77 cents and the upper trendline around 91 cents. A $1.80+ target is speculated. The analyst needs to see wave one, wave two, one more high, a higher low, and another higher high to confirm a trend change from a downtrend to an uptrend.
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