Triangular Pattern and Corrective Wave Analysis

In the 4-hour timeframe, ADA is currently exhibiting a triangular pattern, indicating a corrective wave D. With the recent breach of the upward trend line depicted on the chart, it is likely to progress to complete wave D, followed by wave E. Observing the support levels in the range of $0.2800 and $0.2680, it is possible that these levels may mark the initiation of wave E.