The analysis begins by assessing Cardano (ADA), noting it broke above the 200-day moving average, a bullish sign, also 4H RSI moving averages indicating further bullish sentiment, with a potential retracement towards 75 or 76 cents before further upside. The best case would be a retest. In the alternative, the analyst says to pay attention to 0.674 as a downside risk. The analysis looks at the Bitcoin chart, claiming it must break down to make ADA out-perform bitcoin. On the ADABTC pair the 1W chart is on a downtrend and must close above 0.00001565 sats to invalidate the short. Ethereum (ETH) at 2.174 could trigger a new upward momentum, and could reach 4.5K. Finally, a fourth wave down on bitcoin in the following months has a target of 100K, the cycle target for bitcoin remains at 250K although the short term target can be placed at 137K.