If you're late, it's time to take profit. At this point, although we haven't a complete trend reversal, after a strong rally we have multiple signs, even under a moderate scenario, that ADA is getting close to a deep correction (ADA has already experienced a 30% retracement). Although I believe one should never rule out any possible scenario, including -in this case- a Cup&Handle, which would lead the price to 0.94$, atm it looks like we are going through a worsening situation, against a not so negative backdrop for the crypto market. As far as I am concerned, I have already booked profits on about 75% of the long position in this currency: at this point, trading on ADAUSD would be too risky.
Now, consider that multiple bearish patterns leads to different target prices: that's why we haven't fixed one. Still, as time goes by, proper strategies can be undertaken, according to the risk you are able to bear and which results you want to deliver. At the moment, we don't want to suggest any trade on this. Just wait on the sidelines for a few days, look at the bigger picture and then you will be able to evaluate which scenario is likely. Eventually, updates with more straightforward tips will follow.
Now, consider that multiple bearish patterns leads to different target prices: that's why we haven't fixed one. Still, as time goes by, proper strategies can be undertaken, according to the risk you are able to bear and which results you want to deliver. At the moment, we don't want to suggest any trade on this. Just wait on the sidelines for a few days, look at the bigger picture and then you will be able to evaluate which scenario is likely. Eventually, updates with more straightforward tips will follow.