ADA/USDT – 5th Wave Breakout or Extended 4th Wave?

ADAUSDT might have completed its 4th wave of the larger 5 wave structure, but confirmation depends on breaking out of the current channel.
The daily RSI is nearing overbought, so there’s still a chance for a minor dip before continuation. Current upside target sits between 1.085 -1.20 USDT, aligning with the larger channel and forming a higher high. If this plays out, it likely completes a first wave of a bigger five-wave structure, followed by a cooldown.