After the recent fall, Cardano has formed a local trend line and is currently trying to reach the key level of $1.45. In case Ada approaches this level, 2 scenarios are possible: 1) If the price rises to this level and trades near it, it means that it is likely to be broken and this could be a good opportunity to enter on a breakdown and test this level as support with the above target. 2) If we see an increase in volume when we test $1.45, it could be a good opportunity to go short with a target below.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
I think you are mistaken and not looking at the bigger picture, I think the price will retreat off the trendline to about 1.00 USD, before ultimately rising past ath