The video provides an update on ADAUSD, starting with a broader look at the larger timeframe due to limited activity on the smaller timeframe. The primary focus is on a potential bullish scenario, identifying it as a five-wave move. The analyst expresses uncertainty whether the upward move is an impulse or a diagonal pattern, leaning towards the latter. It is based on a five wave to the upside. The speaker labels the last leg up as either impulsive, or finds a way to label it as diagonal. If this is the case the upper leg is A and B, the leg C is wave three. Because the moves look corrective, there is nothing impulsive about them. The move looks like it's in a price channel, which is very common for diagonal patterns and corrections. It is not so clear at this point if this is going to succeed. A target of $3.30 is estimated by the speaker. The fail price is estimated around $0.75.