Technical analysis by Whalesdesk about Symbol ADA: Buy recommendation (2/5/2025)

📉 #ADA/USDTADA Falling Wedge formation with a fakeout below key support, now acting as a demand zone 🧐A bullish scenario could play out if we see confirmation—a breakout through the confluence of EMA 50 + EMA 100 + EMA 200 + 0.236 Fib 📈🎯 Targets:🔹 0.618 Fib - $1.1630🔹 0.786 Fib - $1.6277🔥 A breakout could trigger a strong rally! 🚀Whalesdesk