ADA just completed 'W' pattern on the weekly and we can expect a correction to at least 0.382 fib.
There is certain resistance between 0.382 and 0.5 however it may still be pumped and dumped up to 0.618 fib.
I expect deeper correction later on, and I don't expect new ATH in 2021 for ADA/USDT, since there is too much work to do to break through all the resistance, and we don't have that much time, to me it doesn't look that in 4 weeks it makes new high.
However the support at $1.20 - $1.40 is also strong enough so expect ADA to bounce back couple of times before breaking below that level.
There is certain resistance between 0.382 and 0.5 however it may still be pumped and dumped up to 0.618 fib.
I expect deeper correction later on, and I don't expect new ATH in 2021 for ADA/USDT, since there is too much work to do to break through all the resistance, and we don't have that much time, to me it doesn't look that in 4 weeks it makes new high.
However the support at $1.20 - $1.40 is also strong enough so expect ADA to bounce back couple of times before breaking below that level.