Technical analysis by CryptoPilot about Symbol ADA: Sell recommendation (8/19/2025)

📊 Pattern Overview Cardano is shaping a classic contracting triangle on the daily timeframe, with all legs unfolding as 3-wave zigzags, fully compliant with NeoWave rules. •Wave A: $1.33 → $0.51 (zigzag decline) •Wave B: $0.51 → $1.18 (zigzag rally, ~82% retrace of A) •Wave C: $1.18 → $0.52 (zigzag decline, ~99% retrace of B) •Wave D: $0.52 → $0.92 (zigzag rally, ~61% retrace of C, currently in progress) •Wave E: Expected $0.92 → $0.51 (projected zigzag, targeting channel support) This setup aligns with a contracting triangle, with converging trendlines projecting an apex around November 2025. ⸻ 📉 Near-Term Expectation •Wave E is anticipated to pull ADA back toward $0.51 (long-term channel support). •This would complete the triangle and set the stage for a powerful bullish thrust. ⸻ 🚀 Post-Triangle Outlook •A bullish breakout from the triangle could target: •$1.5 (TP1) •$1.8 (TP2) •This aligns with NeoWave projections of a 75–125% thrust of the channel width. •Break of $0.92 (BOS) will be the confirmation trigger for the rally. ⸻ 🎯 Trading Plan •Entry: Wait for pullback to ~$0.51 (Wave E completion) and BOS confirmation. •Targets: $1.5 – $1.8 •Stop Loss: Below $0.45 •Risk Management: 1–2% capital per trade, trail stops above $1.0 once thrust begins. ⸻ ⚠️ Key Levels •Support: $0.51 (channel bottom) •Resistance: $1.0, then $1.5–$1.8 •Invalidation: Break below $0.45 ⸻ ✅ Summary: Patience is key. A final pullback toward $0.51 could be the last shakeout before a major bullish breakout.