Possible ADA scenarios

ADA just completed 'W' pattern on the weekly and we can expect a correction to at least 0.382 fib.
There is certain resistance between 0.382 and 0.5 however it may still be pumped and dumped up to 0.618 fib.

I expect deeper correction later on, and I don't expect new ATH in 2021 for ADA/USDT, since there is too much work to do to break through all the resistance, and we don't have that much time, to me it doesn't look that in 4 weeks it makes new high.

However the support at $1.20 - $1.40 is also strong enough so expect ADA to bounce back couple of times before breaking below that level.