The analyst is providing a Cardano ADAUSD analysis with a target price of $1.00, elaborating on various scenarios involving Elliott Wave patterns. The analyst notes that ADA has reacted to a support level around 0.68 and is currently above the 200-day moving average. The initial upside target is 81 cents, representing the 1.618 Fibonacci extension. Discussion includes the potential for a '1-2, 1-2' setup for a small first wave to the upside. Another scenario suggests the current setup is already the '1-2' of a larger fifth wave. The analyst believes the coin needs to break above $1.14 to initiate the third wave. Further analysis considers long-term targets contingent on breaking above key resistance, setting sights of the $5 to $8 range.