ADAUSDT Analysis by @pipsnipers

The analysis identifies a macro leading diagonal structure for ADAUSD, with overlapping waves suggesting long-term growth due to institutional demand. The current A wave is followed by a B wave, projecting a five-wave downside move in the C wave. Target retracement levels are identified at 0.43, 0.38, and 0.32. Bullish divergence is anticipated around these levels. Expansion targets for a C wave include 4.65, 7.39, 10.12 and 11.82. Resistance is noted at the 200-day EMA. April 7's rally was rejected from the 200-day moving average. A break below the 50% level is noted, with a projected downward move to the 61.8% retracement level. Further downside movement is expected before a larger upward trend can begin.