The analysis focuses on the ADA/USDT pair using the 1-hour timeframe. The presenter is tracking a potential upside reversal, observing what appears to be a five-wave move up. It's noted that the five-wave structure is weak and not impulsive. A key level to watch is the 78.6% Fibonacci retracement at 0.3982. The price action is contained within a price channel. The presenter suggests that for a potential reversal to gain momentum, the market should remain above the 0.3982 level. A break below this level would signal bearish sentiment. If the market holds above 0.3982 and an upside is presented, the presenter is looking to see five waves completed to the 0.5137 level to increase confidence in the bullish sentiment.