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ADA/USDT
The price is still moving within a potential diagonal pattern that started in June last year. One more high in wave v is preferred, but it is too early to say if wave v has started. The yellow scenario shows the parameters that need to be reached for a first 5-wave move to the upside. Wave (3) should ideally reach $0.612, but a 5-wave move is technically not required in a diagonal structure, so this makes it tricky to determine if wave iv is complete. In the white scenario another low is still possible, and a break below $0.472 would confirm that wave C of Y to the downside is unfolding, possibly targeting $0.44. While I am still primarily watching for one more high in this diagonal pattern, which could target $0.85+, it is too early to confirm that this wave to the upside has started. Short-term support is $0.472.
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