The analyst discusses a noticeable bounce from the larger support area between 0.32 and 0.44. He notes that confirming a meaningful upside reaction is still far off. He suggests the recent move up could simply be the C wave of wave 4. The difference on the ADA chart is the decline formed a lower low. He emphasizes that in a flat correction, a B wave can regularly overshoot to the downside. He considers the white scenario is primary, and similar patterns are being tracked on several other crypto charts. A pivot helps distinguish between bullish and bearish scenarios, another low is still likely. Bull's ability to defend the support area in any pullback is critical. Bulls need to defend the zone between 0.3872 and 0.4199 in the next pullback. If this support holds, the bulls can start a third wave rally to the upside. There's no pullback in sight, though the move to the upside extends a little higher. He highlights there is a next resistance at 0.4790. A break below 0.4266 would confirm a pullback has started.