Scalping & Mid-Term Analysis for Cardano

Market Overview:
Trend: Cardano is in a retracement phase after a strong rally, currently testing key support levels.
Key Levels:
Resistance: ~$0.855 - $0.900
Support: ~$0.765 - $0.778 (weak), ~$0.716 (stronger)
Indicators:
MACD: Bearish momentum fading, suggesting a possible bounce.
EMA: ADA is testing the 50 EMA as support, critical for further upside.
RSI: Neutral (~42), meaning ADA is neither overbought nor oversold.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Short-Term Play)
Why? ADA is bouncing from key support but struggling to break resistance.
How?
Buy near $0.765 - $0.778, aiming for a quick scalp to $0.830 - $0.855.
Sell near $0.855 - $0.900, as resistance remains strong.
Stop-loss below $0.760, as a breakdown could lead to deeper correction.
🩸 2. Breakout Scalping (If Volatility Kicks In)
Trigger: A breakout above $0.900 or breakdown below $0.716.
Execution:
If ADA breaks $0.900, scalp long targeting $0.950 - $1.00.
If ADA drops below $0.716, scalp short to $0.680 - $0.650.
🩸 3. EMA Scalping
Why? ADA is hovering around the 50 EMA, meaning it can act as dynamic support.
Execution:
Buy on EMA bounce (~$0.765 - $0.778) if price holds above it.
Short only if price loses the 50 EMA support with strong selling volume.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Neutral → Bullish
Why?
ADA is holding key support at $0.765 - $0.778, meaning a bounce is likely.
If price stays above $0.778, expect a move toward $0.855 - $0.900.
If price loses $0.765, correction to $0.716 - $0.680 is possible before continuation.
Only a strong breakout above $0.900 will confirm bullish dominance toward $1.00+.
🔥 News & Market Context:
No major bearish catalysts, meaning the uptrend is not fully broken yet.
ADA follows Bitcoin's trend, so BTC's next move will strongly influence Cardano.
Traders should watch for volume confirmation before committing to a breakout trade.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping is viable within the range.
🩸 Mid-term: Bullish unless ADA breaks below $0.765.
🩸 Ideal Play: Look for dips to buy above $0.765 and avoid shorts unless $0.765 breaks.

👑 Final Verdict:
ADA is in a consolidation phase. If it holds $0.765+, expect a move toward $0.855 - $0.900. 🚀