We are still on-target in my Elliot Wave analysis on HEX/USDC the Ethereum token which functions as a store of value with a yield rewards for those who stake their coins. We just finished the 5th wave of the smaller cycle (red) impulse. We have also seen a fast zigzag correction drop back to between 7 and 8 cents for wave 4 of the larger cycle (blue). This may retrace again to make a larger 3 wave correction (WXY) and then the larger cycle will go for its wave 5 and terminate somewhere around $0.50-$0.70 cents. Then we will dip down for a supercycle wave 4 (white) with a WXY correction. Lastly followed by the last bull-run which is supercycle (white) wave 5 which should see a target of between $1.40 and $2.20
Trade attivo:
This scenario is playing out as it was analyzed it is now October 18th.