The analysis focuses on ADAUSD using a 30-minute chart, noting a reaction to the first Fibonacci support zone and attempts to reverse the downtrend. However, the analyst expresses caution about trusting the upward move. A complex WXY structure is tracked, with an A-wave down, a B-wave up, and a C-wave ideally making a new low. Resistance levels are key, and breaking above $0.888 would suggest a direct route higher. Currently, the market is below resistance. The analyst points out that if the market break the resistance area, then the downside pressure will ease and the focus is on the area around $0.927. An upside breakout would target $1.09. Potential tests between $0.812 and $0.789 are possible to test another low.