Cryptotrader
XRP Breakout Could Be a Trap… Or the Start of Something Big?Yello, Paradisers — are you about to buy into a fake breakout or position yourself right before a major move? Let’s break it down before emotions take over.
💎XRPUSDT has officially broken out of a falling wedge — a classic bullish reversal structure. What makes this breakout even more interesting is that it's supported by bullish divergence on both MACD and RSI, plus a Change In State of Delivery (CISD). All these technical signals combined significantly increase the probability of a bullish continuation.
💎Now, if you’re a disciplined trader looking for a safer entry with a higher risk-to-reward ratio, the smart move is to wait for a potential pullback to the CISD level. That would set up an opportunity offering a risk-to-reward of over 1:2.55 — not something you want to ignore.
💎But don’t get too comfortable…
💎If the price breaks down and closes below our invalidation level, the entire bullish idea is off the table. In that case, it’s wiser to stay patient and wait for clearer price action to develop. No emotional entries — only strategic moves.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. That’s how you’ll get inside the winner circle.
MyCryptoParadise
iFeel the success🌴
Is $PENGU Cooling Off?CSECY:PENGU continues to deliver, respecting structure and printing some clean price action. After breaking out of consolidation beneath the LOI at 0.032, price extended sharply, reaching as high as 0.0469—where we just saw a firm rejection, previously identified in the last update.
That level wasn’t random. It aligned with a Most Likely Target (MLT) for a wave 5 at a lesser degree and a wave 3 at a higher degree. That kind of confluence usually draws in some heat—and it did.
So what now?
The conservative bull outlook is that we may be entering a wave 4. How this pullback unfolds could tell us a lot. The last retrace was shallow, and if this one digs a bit deeper or breaks certain levels with pattern clarity, that might signal a higher degree wave 4 is underway. The key level here is the 0.0325 level we were watching before.
The raging bull scenario is that we’re still in a lesser degree impulse up. A hold and bounce off the key level could be enough to continue the move higher. But I’m watching the conservative outlook here until we get more print.
Here’s what I’m watching:
• Wave 4 Behavior
Is this a pause or a pivot? The next leg depends on how corrective this gets.
• 0.027
A break here would raise eyebrows. That’s a deeper level of interest and could hint at something more than a minor pullback.
• Pattern Depth & Structure
Each retrace tells a story. More complex wave 4s tend to show themselves through drawn-out corrections or deeper fib targets.
I’m still holding partial from the original 0.012 entry, having taken some profit on the way up. If we get a clean W4 print, I’ll be scouting for the next add.
Trade what’s printed. Stay flexible. Let the wave show its hand.
Trade Safe.
Trade Clarity.
ADA About to Explode or Collapse?Yello Paradisers — is ADA gearing up for a breakout, or are we walking straight into a bull trap? After the recent pullback, the market is throwing mixed signals, but this setup is becoming too important to ignore. Here’s what we’re seeing right now on ADAUSDT.
💎ADA is currently showing positive signs of strength after a solid retracement. Current support zone is not only a historical price pivot, but it's also aligned with a supportive trendline, the 200 EMA, and a developing bullish divergence on the chart. All these factors combined are increasing the probability of a short-term bounce — but that doesn't mean we go in blind.
💎For aggressive traders, entering at the current price might make sense, especially if you’re targeting the first resistance level. However, it’s important to note that this entry offers a relatively limited reward compared to the risk — roughly a 1:1 risk-reward ratio — so it’s crucial to size your position accordingly and keep tight control over your stop loss.
💎If you're looking for a cleaner setup with a better risk-to-reward profile, patience is key. A more favorable scenario would be waiting for a proper pullback and a confirmed retest of the support zone. Ideally, you want to see a strong bullish candle at the support level to signal continuation — that’s when the setup shifts from average to high-probability.
💎But be cautious. If the price breaks down and closes a candle below our support zone, the entire bullish idea becomes invalid. In that case, it’s much wiser to step back and allow the market to develop more structure before re-engaging. Forcing trades in uncertain conditions is where most traders lose, and we don’t want to be part of that crowd.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. Be patient, Paradisers — only those who follow structured strategies and risk management will thrive in the long run.
MyCryptoParadise
iFeel the success🌴
Can #GALA Sustain the Current Bullish Momentum or Will it Fall?Yello, Paradisers! Is this #GALA pullback just a healthy retest before another explosive rally, or are we about to see a deeper drop that will wipe out impatient bulls? Let’s break it down:
💎After weeks of trading inside a descending channel, #GALAUSDT finally broke above the descending resistance, sparking renewed bullish momentum. The breakout has pushed the price toward the $0.020 zone, but now #GALA has encountered a resistance zone (previously support). The question remains: will GALA maintain this level or revisit lower supports before proceeding higher?
💎The current structure shows #GALAUSD attempting to convert its previous resistance into new support around $0.018–$0.020. A clean retest of this support zone would significantly increase the probability of a sustained bullish continuation. The 50EMA acting as support and positive macro trend in crypto market reinforces our bullish bias.
💎If buyers remain in control, the first upside target is the moderate resistance at $0.0253. However, the major profit-taking and strong selling pressure are expected near the $0.0312 zone, where the strongest resistance lies. A successful break and hold above this level would confirm a more aggressive bullish trend.
💎On the flip side, the bullish setup becomes invalid if #GALA loses the strong demand zone at $0.0162–$0.0134. A confirmed close below $0.0134 would flip the structure bearish and open the door for another leg down.
Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.
MyCryptoParadise
iFeel the success🌴
$PENGU: Taking Profit and Watching for a TurnIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
PENGU has made a strong move off the 0.007 level, now it just popped cleanly out of consolidation beneath the key LOI at 0.032. That break gave us the signal we needed for continuation, and so far, the price has followed through nicely.
But now, we’re approaching a zone where things could get a bit trickier.
This advance is starting to look like a classic wave 3 impulse, and while there’s no clear confirmation of a top yet, signs are beginning to flash caution. That means it’s time to start watching for potential topping behavior—especially if we move into a broader consolidation phase.
Here’s what’s on my radar:
• Wave 3 Exhaustion?
Still unconfirmed, but this could be the final leg of the wave 3 structure.
• AOI or Key Level Rejection
A stall or strong reaction near resistance could be a red flag. Channel parallel being reached.
• Bearish Divergence on the EWO
Momentum isn’t keeping pace with price. That’s often a precursor to a deeper pullback.
No need to force the next move here. This thing could just keep ripping up, but I am being extra cautious here. Not only to look for a potential top, but if a retrace is given, a potential long add to my current trade. Taking profit at these levels makes sense, especially given the early entry from 0.012 and my trade plan.
As always, trade what’s printed, not what’s hoped for. Stay nimble.
Trade Safe!
Trade Clarity!
ETH roadmap to 5000!Ethereum Wave 3 in Play? Eyes on the $4500 Target
Ethereum may currently be progressing through a wave 3, which is often the strongest leg of an impulse. The structure so far supports that idea, and based on standard projections, the most likely target sits near $4500.
If price can break and hold above the 4k level, we could see a consolidation forming above the previous high. That would be a constructive sign and might set up the next leg higher.
But there’s still a chance ETH struggles to clear that level. If that happens, consolidation could form just underneath, which would still be acceptable within a wave 3 framework. What matters next is the shape and depth of the pullback.
Wave 4 will be the key. A shallow or sideways correction would keep bullish momentum intact. A deeper pullback doesn't ruin the structure, but it does mean we’ll need to watch support zones more closely.
If wave 4 behaves well and broader market conditions stay supportive, then a final wave 5 could bring ETH into the $5000 region. That’s the upper edge of this current roadmap, based on conservative assumptions.
Stay flexible. Let the structure guide the bias.
SUI: Calm Before the Wave 3 Surge?CRYPTOCAP:SUI is shaping up to be one of those charts that makes you lean in a little closer.
Right now, it appears to be sitting inside a potential wave 3, but something feels off. It hasn’t exploded yet. And when you’re looking for wave 3 behavior, that’s what you want: speed, commitment, follow-through. A clean surge, ideally in a straight line, that clears doubts and leaves the doubters behind.
We’re not seeing that yet. Right now the move is decipherable at many nested degrees making this move feel cautious.
And that opens the door to some possibilities:
It is a wave 3, just one that hasn’t lit the match yet.
We’re still nesting, multiple wave 1s and 2s stacking before the actual move hits.
Or it's a wave C of a Zig Zag.
As for levels, $4.20 stands out. Whether this turns into a rocket or a reset likely hinges on how price reacts there.
Stay nimble. If this is a true wave 3, it’ll leave no time for hesitation.
Be early, but not reckless.
$PENGU Taking a Breather? CSECY:PENGU Taking a Breather? Wave 4 May Be Brewing
After a strong move, CSECY:PENGU looks like it might be pausing for breath. The recent action suggests we may have just wrapped up a small-degree Wave 3, with price now struggling to clear a key resistance level from earlier in the structure.
That hesitation could mark the early stages of a Wave 4 correction...Conservatively.
Here’s the zone I’m watching for a potential W4 pullback:
- .236 to 50% retracement of Wave 3, measured from the Wave 2 low
- Most Likely Target (MLT) sits right around the .382 fib
- Keep an eye on time symmetry—Wave 4 may offset the time duration of Wave 2
- Price could react off the base channel as a support guide
If this is a W4, it could give us a clean continuation setup into Wave 5—provided it holds structure and doesn’t overlap the Wave 1 territory. Stalking the pullback as it plays out, and am ready to react if we see support step in at the expected fib levels or the base channel.
Trade Safe!
Trade Clarity!
Will LINKUSDT Explode Soon — or Collapse Into a Trap?Yello Paradisers, are you prepared for the next big LINK move? The breakout you’ve been waiting for just happened — but before you jump in, let’s break down what’s really going on behind the chart.
💎LINKUSDT has officially broken out of its descending channel — a significant structural shift that immediately increases the probability of a bullish continuation. On top of that, we’ve seen a bullish CHoCH (Change of Character), a powerful sign that demand is stepping in. These are early but critical signs that bulls may be regaining control.
💎However, experienced traders know not to act on the first sign of strength alone. We now need to see how price behaves on the pullback. If LINK pulls back and takes out the inducement (removing weak hands), we’ll be looking for a bullish internal CHoCH (I-CHoCH) on the 1H timeframe. If that forms, the probability of a solid bounce from the support zone becomes extremely high — giving us the confirmation we need to position for upside.
💎On the other hand, if price breaks down and closes a candle below the support zone, this entire bullish setup becomes invalid. In that case, it would be wise to remain patient and wait for better, more reliable price action to develop before making any move. This is exactly where most traders lose by forcing trades instead of waiting for clear signals.
🎖A big liquidation event, which will first take both longs and shorts and fully get rid of all inexperienced traders before the real move happens, is very close to happening again. so make sure you are playing it safe Paradisers. It will be a huge money-maker for some and a total disaster again for the majority.
MyCryptoParadise
iFeel the success🌴
TRBUSDT: Massive Bullish Setup or a Fakeout Trap?Yello Paradisers — is TRBUSDT gearing up for a major breakout, or is this just another fakeout before a deeper drop? Our previous calls have been consistently accurate, and now this chart is flashing multiple signals that deserve your full attention.
💎Currently, TRBUSDT has formed a textbook falling wedge pattern, a well-known bullish reversal signal. What's adding strength to this setup is a clear bullish divergence, suggesting that momentum may be shifting in favor of the bulls. Even more compelling, the price is now holding firmly inside a bullish Order Block (OB) zone, which is aligned with the 200 EMA — a powerful confluence that increases the probability of a bullish move significantly.
💎For aggressive traders, this could be a valid spot to enter immediately, capitalizing on the current structure and zone. However, for those looking for a more calculated entry with improved risk-to-reward, waiting for a pullback could provide a much better setup — with the potential to offer over 4.5 RR, making it a high-probability trade idea.
💎That said, it’s important to manage risk carefully. If TRBUSDT breaks down and closes candle below the bullish OB zone, this would invalidate the bullish setup entirely. In that case, the smart move would be to wait patiently for new price action to form before making any decisions. Reacting emotionally here could lead to unnecessary losses, so discipline is key.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
PENGU still has room!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The move off the low looked like a clean, completed impulse—sharp, decisive, and well-structured. After that, we got a double zigzag retracement. It ran a bit deeper than the textbook version, but still landed right in the normal range you’d expect for a healthy correction. From there, we saw another smaller-degree impulse form off the .007 pivot, suggesting bullish momentum was building again.
Since the last update, PENGU has come a long way—more than doubling in price and now hovering around a most likely target for a wave 3. What’s notable is how it got there: not just by breaking above the 0.017 resistance, but by blowing through multiple base channels on solid momentum and healthy volume.
We didn’t get the ideal depth for a retrace for a wave 2 before that breakout, but that doesn’t disqualify the larger count. In fact, from an Elliott Wave perspective, I still believe we haven’t seen a proper wave 4 to balance out the earlier wave (2). So I’m holding off on calling a top to this wave 3 just yet.
Here’s what we’re watching closely now:
The secondary impulse off .007 continues to build structure
Ideally, the next pullback holds above the 0.027 or .022 region, signaling respect for previous support and AOIs
That pullback needs to unfold correctively, not impulsively, to confirm bullish continuation
The next trade setup I’m eyeing is that wave 4 into wave 5 move. I’ll be stalking this ticker closely as structure unfolds.
Trade safe.
Trade clarity.
Is BNB About to Explode—or About to Collapse?Yello Paradisers! Could this be the beginning of the next BNB rally, or just another classic trap to liquidate early longs before the real move begins? Let’s dive into this high-probability setup before it’s too late.
💎BNBUSDT is currently showing good signs of bullish continuation. The price has successfully broken out of a descending channel and performed a precise retest of that structure—an early confirmation of strength. Following this, we’ve seen a strong reaction from a Fair Value Gap (FVG) and the 200 EMA, both of which align perfectly with the inducement taken just before the bounce. This confluence of technical signals significantly increases the probability of a sustained bullish move in the near term.
💎If price pulls back from current levels, it could offer us a more attractive risk-to-reward opportunity for long entries. Traders who are targeting higher RR ratios, such as 1:2 or beyond, may prefer to wait for a deeper pullback into our predefined support zone for a cleaner entry. This zone remains critical for maintaining our bullish bias.
💎However, if the price breaks down and we see a full candle close below that support zone, the entire bullish scenario becomes invalid. In such a case, it would be more prudent to stay on the sidelines and wait for a clearer and more favorable price action setup to emerge before jumping back in.
We are playing it safe right now. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
Is #RENDER Ready for a Reversal or Will it Continue to Fall?Yello, Paradisers! Is this just another range before a full reversal or a sneaky trap waiting to punish early buyers of #RENDER? Let's see the latest analysis of #RENDERUSDT:
💎After several weeks of slowly bleeding within a clean descending channel, #RENDERUSDT is now attempting a breakout from that structure. While the move isn’t confirmed just yet, this is the first real signal that sellers are losing momentum, and a shift could be on the table. Price is currently hovering just above the $3.15–$3.20 zone, and the next few candles will be key.
💎If buyers step up and push #RENDER through this upper trendline with strength, we have a clear runway toward the moderate resistance at $4.20. And if that gets taken out, the next strong resistance area comes in at $5.35, where we expect heavy distribution. But for now, it’s all about reclaiming and holding above this descending structure.
💎So what gives this setup real potential? The demand zone at $2.97 held like a fortress. If it fails, the next line of defense is a strong demand zone at $2.50. Buyers defended it multiple times and sparked a mini-reversal off the bottom of the channel. This demand zone is our launchpad, and as long as the price stays above it, bulls are still in control.
💎But make no mistake: if price loses $2.97, the bullish setup is invalidated. That would open up a deeper drop back toward $2.50 or lower, and we’ll step aside to wait for a better entry again.
Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.
MyCryptoParadise
iFeel the success🌴
CHAINLINK (LINKUSD): Very Bullish Outlook
I see 2 strong bullish confirmations on LinkUSD on a daily time frame.
The price violated 2 significant structures: a vertical falling resistance - a trend line
and a neckline of an inverted head & shoulders pattern.
With a high probability, the market will rise more.
Next resistance - 15.38
❤️Please, support my work with like, thank you!❤️
Is DOGE About to Explode or Collapse?Yello Paradisers! Are you ready for what could be DOGE’s most explosive move in weeks? DOGEUSDT is currently developing a very interesting bullish setup that deserves attention.
💎The pair has formed a falling wedge — a pattern that often precedes a breakout to the upside. This comes right after a confirmed bullish Change of Character (CHoCH), indicating that buyers are quietly stepping back in.
💎Even more important, we’ve seen a classic inducement grab, meaning early liquidity has been taken out, clearing the way for a potential real move. On top of that, there’s hidden bullish divergence on the RSI and clear bullish divergence on the MACD. This combination of signals significantly increases the probability of a bullish reversal from the current support zone.
💎If DOGE prints a convincing bullish candlestick pattern at these levels, it could offer a high-probability long opportunity with a strong risk-to-reward ratio. But be careful — if the price breaksdown and closes candle below this key support, the bullish scenario becomes invalid, and it’s better to wait for a more favorable structure to develop.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey. Be a PRO.
MyCryptoParadise
iFeel the success🌴
From BONK to Boom: Is This a Full Impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
BONK: Watching the Impulse Unfold
Looks like BONK may have bottomed at 887, where it kicked off what appears to be an impulsive move up.
The retrace that followed was suspicious—plenty of ways to count it depending on your lens—but price action eventually started hinting at a 12-12 or zigzag-style crossroad. That indecision resolved quickly once BONK cleared 1511, shifting the structure firmly back into bullish territory.
Now trading around 2242, the behavior is aligning with what you'd expect from a wave 3: strong momentum, vertical lift, and minimal resistance. It’s moving like a third wave should.
That said, there’s some heavy resistance sitting overhead at 2506, and it could stall or even reject price short-term. If it does, the next thing I’ll be watching is how price reacts—specifically looking for a clean wave 4 pullback and a final push into wave 5.
If we see that 4–5 structure play out at multiple degrees, it would go a long way toward confirming this whole move as a completed impulse off the low.
For now, this one stays on watch for the next setup.
Trade Safe!
Trade Clarity!
XRP Breakdown Ahead? Don’t Get Caught LongYello, Paradisers! Are you about to fall into a classic trap on XRP? The signs are stacking up, and if you're not careful, this move could catch a lot of traders on the wrong side of the market.
💎XRPUSDT is showing clear signs of weakness. A bearish CHoCH (Change of Character) has formed, and an inverse Cup & Handle pattern is currently playing out. On top of that, price action has decisively broken below the key support trendline. These signals together significantly increase the probability of a deeper bearish move in the coming days.
💎From the current price level, XRP is offering a 1:1 risk-to-reward setup. While this may attract more aggressive or short-term traders, the safer and more strategic approach is to wait for a proper pullback before entering. That would allow for a more favorable risk-to-reward and confirmation of the trend direction, reducing the likelihood of being caught in short-term noise.
💎It’s also crucial to watch the invalidation level. If XRP manages to break back above that zone and close a candle above it, this would invalidate the current bearish idea entirely. In such a case, it's better to stay patient and wait for clearer price action before making any decisions.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
AAVE Breakdown Could Trigger Major DropYello Paradisers — did you spot the bearish setup forming on AAVEUSDT? If not, you might already be a step behind, but there’s still a high-risk-reward opportunity on the table — if you approach it with discipline.
💎Currently, AAVEUSDT is looking increasingly bearish. The asset has confirmed a bearish Change of Character (CHoCH), broken down from a rising wedge pattern, and is showing clear bearish divergence on the chart. These combined signals suggest that the probability of further downside is increasing.
💎From here, there are two main scenarios we’re monitoring. First, AAVE could attempt a pullback to fill the Fair Value Gap (FVG) above, which would offer a clean short-entry zone with strong risk-reward potential. Alternatively, price could reject directly from the nearby Bearish Order Block (OB), offering another chance for well-structured entries. Both setups depend on confirmation and timing, so patience is key.
💎However, if AAVE breaks and closes decisively above the current resistance zone, the bearish thesis becomes invalid. In that case, the best move is to wait on the sidelines and allow new, higher-quality price action to form before re-engaging.
💎This market demands patience and discipline. You don’t need to catch every move — just the right ones. Stay sharp, stay focused, and let the market come to you.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Bitcoin: 170k–180k?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bitcoin: 170k to 180k?
Let’s talk bias.
We’ve seen a powerful move off the 75k low, and it’s hitting some markers of a potential wave 1 impulse. If that structure holds and price doesn’t come back to wipe out the lows in a wave 2 retracement, then this is what we’d be looking at.
The idea? This is a conservative roadmap built off Elliott Wave Fibonacci projections and it targets the 170k to 180k zone.
Now, let’s be clear. This is a conservative projection. We’re not talking hopium fueled 250k moon targets here. We have no proof of that yet. We're anchoring the wave count and saying: if this is a 1, we’re due a 2, and then a 3 takes us to the upper levels.
But there’s a catch. Always is.
If price starts to fade back through the 91.8k area in a deep aggressive retrace, this roadmap gets less likely. Breaking the 75k pivot means the impulse structure failed or was misread, and we shift the count.
Until then, the 170k–180k level is a possible destination based on this roadmap.
Trade Safe!
Trade Clarity!
Sol searching, for an entry. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The Elliottician’s Paradox: 12-12 or Zigzag? Bias Is the Key
Ever stare at a chart and ask, “Is that a 12-12 or a classic zigzag?” Yeah… welcome to the paradox we Elliotticians live in. Pattern recognition’s a blessing and a curse because context is everything, but confidence can get you wrecked.
This one’s got me on the edge.
What’s Happening Here
We’re currently watching a move that could be either:
- A corrective zigzag (5-3-5), or
- A 1-2, 1-2 setup, gearing up for a blastoff
That’s the core dilemma — two valid options, both technically legal. So what tips the scales? Bias.
The Line in the Sand: 152
Here’s what I’m watching for:
Key Level: 152
- That’s the bull/bear line for me.
- A strong impulsive reclaim above 152 flips the script. I’d reconsider the bearish view if price surges with intent.
- But if we return to 152 in a sluggish, corrective way? I’ll be eyeing continuation lower, aligned with a more traditional zigzag structure.
Elliott View
This is where the paradox plays out:
If we’re looking at a 1-2, 1-2 setup, expect:
- A powerful Wave 3 soon (should not be shy)
If it’s a Zigzag ABC:
- Then we should expect a corrective internal retracement and continuation to the down side, at minimum past the origin of the initial move.
The chart will speak loudest. But structure and strength of this next leg will confirm the story.
Final Thoughts
Trading isn’t about being right. It’s about managing scenarios — and this one’s a classic fork-in-the-road moment. I’ve got a plan for both directions.
152 is my trigger. Stay below it and fade the rally. Break above it impulsively, and I’ll flip my bias with it.
The Elliottician’s paradox isn’t a trap — it’s an invitation to stay sharp.
Your Turn
How are you reading this structure? Do you favor the zigzag or the 1-2 setup? Drop a comment and let me know.
Trade safe, trade clarity!
AERO, break down or the sound barrier!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
AERO started by showing the kind of impulsive structure that could lead to a much larger advance. The internal retracement off the low was deep enough to flush weak hands but shallow enough to retain the broader bullish context.
The structure looks like a completed wave 2 correction: a double zigzag down into that .51-.61 pocket, finishing with an impulsive pop off the lows. That initial thrust is exactly the type of reaction you want to see if this is the early stages of a wave 3 or C advance.
What’s next? Ideally, price continues to respect the 0.615 level and we see price return back to the channel and then breaks above it with momentum, signaling the start of the next leg up. A clean swift move above .965 would help confirm that bulls are in control and we’re not dealing with an extended corrective mess.
Upside targets are layered: 1.31 is the first zone to watch—an area of prior structural reaction. Beyond that, the move has potential to extend above 1.80+ in a classic wave 5 push, provided we continue to see impulsive follow through.
Bias is bullish while price holds above .61 and continues to print higher lows. Any significant break back into that .51-.61 zone without reclaim would invalidate this setup and shift focus back to low prices.
Trade safe, trade clarity!