🟢 Current Wave Structure
The chart shows a complex corrective structure that fits well within the Elliott Wave principle:
We are currently in a larger ABC correction, with the green-labeled wave (C) likely approaching completion.
The most recent move down in green (C) may have marked the end of a broader corrective cycle.
The current movement looks like a short-term ABC correction in red – typical for a corrective bounce after a strong sell-off.
🟥 Short-Term Movement (Red Wave A-B-C)
Within the lower timeframe, we can see a corrective recovery forming a red A-B-C structure:
Wave A (red) has already completed,
Wave B (red) is currently forming (sideways or slightly lower),
Wave C (red) could result in a final push upwards towards the green descending trendline – targeting around 138–142 USDT – unfolding as an internal orange A-B-C.
🟩 Key Trendline (Green)
The green descending trendline has been respected multiple times and acts as strong technical resistance.
⚠️ Scenario: A rejection from this level is highly likely and would mark the end of the current relief rally – completing the larger green wave (B).
🟧 Short Entry Zone
The orange Fibonacci zone around 142 USDT marks an ideal short setup area.
This level is confluence of Fibonacci extensions and previous resistance.
⚪ What’s Next?
After the orange wave C finishes (completing green wave (B)), I expect an impulsive move to the downside – likely unfolding as a classic 1-2-3-4-5 wave within the green wave (C).
Target zones:
First zone: ~108 USDT (highlighted by green/yellow/red Fibonacci extension),
Final bear target: Possible deep wick below due to the high volatility and liquidity in that zone.
✅ Key Support Zone (Green / Yellow / Red)
Around 108 USDT, we find a strong confluence support – labeled as End of Bears.
This zone may act as a potential reversal point, possibly kicking off a new bullish cycle with long-term targets reaching 200+ USDT.
The chart shows a complex corrective structure that fits well within the Elliott Wave principle:
We are currently in a larger ABC correction, with the green-labeled wave (C) likely approaching completion.
The most recent move down in green (C) may have marked the end of a broader corrective cycle.
The current movement looks like a short-term ABC correction in red – typical for a corrective bounce after a strong sell-off.
🟥 Short-Term Movement (Red Wave A-B-C)
Within the lower timeframe, we can see a corrective recovery forming a red A-B-C structure:
Wave A (red) has already completed,
Wave B (red) is currently forming (sideways or slightly lower),
Wave C (red) could result in a final push upwards towards the green descending trendline – targeting around 138–142 USDT – unfolding as an internal orange A-B-C.
🟩 Key Trendline (Green)
The green descending trendline has been respected multiple times and acts as strong technical resistance.
⚠️ Scenario: A rejection from this level is highly likely and would mark the end of the current relief rally – completing the larger green wave (B).
🟧 Short Entry Zone
The orange Fibonacci zone around 142 USDT marks an ideal short setup area.
This level is confluence of Fibonacci extensions and previous resistance.
⚪ What’s Next?
After the orange wave C finishes (completing green wave (B)), I expect an impulsive move to the downside – likely unfolding as a classic 1-2-3-4-5 wave within the green wave (C).
Target zones:
First zone: ~108 USDT (highlighted by green/yellow/red Fibonacci extension),
Final bear target: Possible deep wick below due to the high volatility and liquidity in that zone.
✅ Key Support Zone (Green / Yellow / Red)
Around 108 USDT, we find a strong confluence support – labeled as End of Bears.
This zone may act as a potential reversal point, possibly kicking off a new bullish cycle with long-term targets reaching 200+ USDT.
Ordine annullato
no confirmation
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.