Ada is exhibiting the pattern of many other altcoins, and a count can be made for a complete correction. It is also getting pinched out of it's current wedge with declining volume that's increasing as of late, and has been testing the top of that wedge for some time now. I think a breach is imminent, which could allow for some good profits.
However, hanging out at the top of the wedge like that looks bearish to me, and the initial head and shoulders indicates that the bottom of this correction could be near the 1.0 mark. This is a common place for a correction following a 5th wave to land. All other indicators look bearish over the long-term.
I love ADA, and want to see it succeed, but given it's meteoric rise, hard-to-believe market cap for such a young coin, and late "death cross" it may certainly test the bottom again.
I would approach this one with caution, and take profit along the way.
Healthy trading and profitable investments,
The Freedom to Be
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If you profit from this idea and would like to keep the charts coming, wallets are below:
BTC: 13mG7EsCBB3wK2pQnV4zXqXUXmnVtCbmS6
LTC: LTfKUD4g4zytwbLFsFCJyG6N55xu3mtZYJ
ETH: 0x800fe4a5a75af9034f4982c04bdd4b557dca0f3f
BCC/BCH: 1QmchfEizCkLLweNySkAJmBCJ6zEtfkBB