This is my first TA on ADA using Elliot waves and Fibonacci.
I received my confirmations at the uptrend after wave 4 and according to my analysis ADA should go up by 16% ending wave 5. My TA is fully open to comments as I am still a student on Elliot waves and would appreciate any feedback or criticism.
Honestly I was thinking the same thing as you but the top of wave 1 was not respected by wave 4 as the following hours showed. It is possible that what you have labelled as 3 is the top of wave 5, (3) and (5) forming a double top. In which case we are in the corrective phase.
Disclaimer: I'm still an elliot noob.