The analysis focuses on ADA/USD, identifying a potential 1-2 setup followed by a third wave. The speaker identifies the wave 2 setup development. The ideal support zone for a fourth wave is between 0.755 and 0.784. There might be another leg down to 0.755 to open the door to a wave 2 pullback and then expect to form a higher low for a third wave rally with a target of 0.871. If the price breaks below 0.755 the analysis fails. After 5 waves the pullback can trigger a jump off zone for a third wave to 0.871. A trend line needs to be broken. Resistance can be found around 0.90