The analysis focuses on ADA/USD daily chart using Elliot Wave theory and Fibonacci extensions. ADA is holding above support with a healthy B wave pullback between 57.8 cents and 68.8 cents, a standard support zone. The analyst expects a C wave to the upside, targeting the 100% Fibonacci extension at $1.25, this is the key area based on ABC structure analysis. Resistance is observed near the 95-cent trendline, which the price is attacking. A five-wave move to the upside is expected and an ideal scenario would see the price stay above the trendline. A break below 85.2 cents will change the microstructures. An invalidation point is set at 76 cents. Resistance level to $1.18 and $1.24 to $1.25 are noted. Longer term targets include $1.72 and $2.36.