ADA/USDT: Double bottom recovery configuration towards 1,11

---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------

ADA/USDT: Double bottom recovery configuration towards 1,11

Context
- The Global Crypto market leads by BTC and ETH reversed drawing a new bullish trend - ADA for now is still lagging versus ETH
- We are watching at 0,80 area to bypassed to extend the bullish recovery in progress (in parallel of 2170 ETH)
- Watch 0,40 as key Tactical and Strategic support


Market configuration

- Graphical Elements :
Graphical Resistance = 0, 80 & 1,11 (double bottom potential)
Graphical Support = 0,40/0,20

- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 0,50 = Bullish / Neutral
RSI indicator (below) is now above 50% with room to the upside = Bullish

- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 0,40
Fibonacci resistance of the wave in progress = 0,80
Fibonacci support of the wave B = 0,40
Fibonacci Bullish Target = 1,11 (double bottom potential)


Conclusion

Preferred case => As long as 0,40 remains support we are looking to buy the dip in the buying area in order to test and then surpass 0,80 (corresponding to 2170 ETH), before opening a further rise towards the double bottom potnential at 1,11