ADA could rise at 0.5 and above

After the high in the middle of April, AdaUsd started to correct and found support at 0.38.
With 3 reversals from this support (including yesterday's flash drop) this zone should be a strong floor and a new leg up is probable.
0.42 is resistance and a break here would expose 0.46 recent high with good chances of continuation to 0.5 and above.
As long as 0.38 is intact, I'm bullish