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ADA CARDANO $1.1 AND WHEN?
I am not trading advisor of any kind, just showing you how i trade. Critical close above $0.942 (Fib 1.0): If achieved, ADA targets the 1.275 Fib ($0.9620, then $1.11+).
No close at/above 88.6 Fib ($0.8243): The recent candle closed beneath, so price is likely to revisit/support-test the 78.6 Fib ($0.7889) and could drop further to $0.73 (61.8 Fib).
However: Since there was a “middle leg” close (the .5–.786 zone), a retest of $0.962 is favored if support holds.
Stringent PureLogic Synthesis:
If price closes above $0.942 (on a 3D chart, not just wick):
Probability sharply increases for a move to $0.962 and then $1.11 (1.114/1.275 fibs).
If price cannot close above 88.6 fib ($0.8243) on the bounce:
Expect a move down to test $0.7889 or even $0.73. This becomes a must-hold zone for bulls.
If $0.73 fails, ADA risks retracing deeper to the $0.62–$0.65 range.
The “middle leg” breach:
Since ADA did break and close above the mid-Fib levels, it has upward bias, but only if short-term support holds (watch the current $0.81–$0.79 band).
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