ADAUSDT|Triangle Setup WXYX2Z (1-2) +180% - Revisit $1.82 Target

Primary Pattern: A contracting triangle within a larger corrective structure, likely wave 4.

Wave Count: A diagonal 5-wave impulse (i–v), followed by a WXY (X2) Z complex correction, suggesting wave 4 is still unfolding, possibly nearing completion.

Current Price: $0.83 with volume and SMA ribbon golden crosses showing bullish signal and near completion of accumulation phase.

Fibonacci Extension:
Targeting diagonal wave 5 at 261.8% extension from the base of wave 1 aligns with the projected target of $1.82, which matches the height of the triangle target. This also coincides with a +180% move from the possible upcoming wave Z or wave 2 —technically ambitious, but plausible if wave 5 kicks off with momentum.

Wave 4 Triangle Context:
The WXY(X2)Z structure implies a complex sideways correction which is typical of wave 4 behavior 1.6x - 2x wave 2 time extension

Key Support:
Entry: If X or 1 is nearing completion, and triangle support holds at key support MA20W Fibonacci 61.8%, the breakout into wave 5 could be explosive—especially with diagonal structure suggesting a leading diagonal pattern.
SL: Triangle Support is the last liquidity / smart money entry

Always trade with affordable risk and respect your stoploss!