AXS/USDT Grand Cycle Analysis

AXS/USDT went 3 waves up with wave 3 containing 5 waves inside. What's interesting is that if we use Fibonacci Extension from wave (ii) to wave (iii) to wave (iv), we can see that we reached the 100% Fibonacci Extension and managed to close below it on the daily chart with a wick which indicates that we might have finished big wave 3.

Moreover, I expect a correction towards big wave 4 which I expect may retest the previous wave (iv) of wave 3 around the 38.000 zone. Not breaking this zone with wave 4 could push AXS for wave 5 towards new highs and possibly reach 85.000 and 90.000.

Thus, this shows that there is a high probability that the whole crypto market may go down to retest previous lows and start their corrective cycles before continuing their way up for their final wave for this cycle. After this big move to the upside (big wave 5), I expect to see another huge drop for cryptos.