Final shootout. John Wick? No - John Wif!
Updated
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zigzag parade
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planned balance shift in favor of sellers
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I’ve just closed my speculative position. I see a limited support. It is not clear how long it will last. It will be possible to consider long from zone 2.3 and below.
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As previously expected, the token received a good correction and is already in the point of interest (daily order block).
I believe we are dealing with a simple zigzag, where wave A is represented as a leading diagonal, and C is an impulse, that is, a strong price movement that shifts the price to another range.
I have already bought WIF in my spot portfolio, but I am prepared that we will see an even deeper correction. The $1.9-2 zone will be an excellent buying opportunity.
We can capture liquidity at 1.97, test the daily FVG and get support there by testing the 20 week MA.
To be sure of buying, you need to wait for an adequate correction of BTC (zone 65-64 k) and see confirmation on the USDT.D chart.
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What about objective data on supply and demand volumes?
The limit order heatmap confirms that there is a large cluster of buy limit orders in the $2.1-$1.9 per coin zone.
Already, the balance of limit purchases is growing significantly.
Sooner or later, market buyers will join limit buyers and the asset will calmly continue to grow.
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Taking into account the new data, the updated chart layout looks like this
Trade active
good place to find a long, but we can hit 1.97
Trade active
Trade active
oops
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🥷🏼The most objective market analysis: Elliott wave principle, smart money concept, demand and supply volume analysis (VSA+cluster analysis) - t.me/shakatrade1_618
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