The Trust Layer for Market Analysts

The analysis focuses on ADAUSD, which is in a strong bearish trend. The price has broken below a significant support level at 0.22, and further downside is expected. The key target for the C wave is identified at 0.10, with a more immediate target at 0.092. The fail bound for this bearish prediction is set at 0.165. If the price breaks above this level, the bearish thesis would be invalidated. The extended downtrend suggests that the market is likely to continue its decline, with potential support levels at 0.16, 0.15, 0.13, and 0.119. The RSI on the 4-hour chart indicates extreme oversold conditions, suggesting a potential short-term bounce, but the overall bearish sentiment remains dominant.