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!
Cryptotrader
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!
Penguins Can’t Fly, But This Chart Might 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 looks like a clean, completed impulse wave sharp, decisive, and showing solid structure. After that, we had a double ZZ retracement. While it was a bit deeper than the textbook ideal, it still fits perfectly within the normal range you’d expect for a healthy correction. Now, we’re seeing another smaller-degree impulse forming from the .007 pivot, suggesting that the market is gaining momentum again.
Here’s what we’re watching closely:
The secondary impulse off .007 continues to build structure.
We want to see a pullback after impulse completion that ideally holds above the .011 region, showing the market respects previous support and AOIs.
The structure of this potential pullback needs to be corrective rather than impulsive to confirm bullish continuation.
A clean move above prior swing highs would confirm that the larger wave 3 or C is underway.
Overall, this chart is ticking the boxes for a potential larger upside push if the market respects key levels and continues to print impulsive structure higher.
Trade Safe!
Trade Clarity!
Final $LINK in the corrective chain?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
LINK could be finishing a double zigzag correction. Recent reaction at the channel’s most likely target area shows promise. Watching for an internal retrace that holds above key support.
Key Levels:
11.81: Ideal retrace floor
11.00: Break kills impulse idea
13.25: First upside flip needed
15.00: Big level to break for bulls
Bulls have been tricked before with possible impulse starts. This one has the right look and confluence, but caution is warranted. Ideally, we get consolidation and push above 13.25 to build confidence in further upside.
As long as price holds above 11.81 and builds higher lows, potential remains for an impulsive move up. Break below 11 and bias flips back to bearish continuation.
Trade Safe!
Trade Clarity!
Bitcoin Top is In! Bear considerationsPrice has been carving out an unclear correction off the high. The recent structure has many squinting. Is it done or the calm before another wave of selling?
I am weighing two bearish scenarios here. One is more aggressive than the other. But both start with the same idea. No new high before another low.
Let’s start at the top.
The initial move down off the recent high could count as an impulse. Whether that is a wave 1 or a wave A is still up for judgment. Either way, that first leg sets a bearish tone at the larger degree.
Here’s where it gets interesting. The correction since then shows traits of a flat. A running one at the moment.
This opens the door to two active bearish projections:
A wave C collapse, implying a completed A B C correction and a downside resolution.
A wave 3 drop, for a possible top if this is an impulsive sequence.
That is the fork in the road. And it all hinges on the next move.
Right now, the smallest degree impulse off the low is doing some heavy lifting.
If that pivot holds and we only get an internal retracement like a micro wave 2, the door is still open for upside continuation.
But if that impulse gets invalidated, I would expect bears to press. First for a break below 100k, then toward the 95k area.
Here is how to think about it:
Hold the small impulse → Potential upside
Break the impulse base → Wave C or 3 likely underway
Context still leans bearish. Lower highs are still in play. But we are hunting a specific structure to confirm it.
ADA About to Explode or Fakeout Trap?Yello Paradisers — is ADA quietly setting up for a powerful reversal, or are we about to walk straight into a painful bull trap? This zone could decide everything, and here’s why you need to pay close attention.
💎Cardano (ADAUSDT) is currently sitting right on the supportive trendline of a descending channel, while also forming a classic double bottom pattern. What makes this even more significant is the presence of bullish divergence on RSI. This combination alone already hints at a potential bullish reversal, but there’s more to it.
💎The current zone also served as a previous resistance area, and it has now flipped into support—this “resistance-turned-support” structure adds confluence and increases the probability of an upward move. When multiple bullish signals align at a major structural level like this, it usually sets the stage for a strong bounce.
💎Aggressive traders who entered early from current levels are already seeing a potential 1:1 risk-to-reward ratio. However, for safer and more strategic positioning, conservative traders can wait for a pullback to this support zone. Waiting for a bullish confirmation candle after the pullback can offer a better entry with a healthier RR and higher probability of success.
💎That said, if the price breaks below the current support and closes a candle below our invalidation level, the entire bullish idea will be invalidated. In that scenario, the smart move is to remain patient and wait for a new setup to form. Chasing trades after invalidation is how most retail traders get trapped—don’t be one of them.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you’ll make it far in your crypto trading journey. Be a PRO.
MyCryptoParadise
iFeel the success🌴
ADAUSDT Is Warming Up for a Major MoveYello, Paradisers! Did you notice what just happened on ADAUSDT? After sweeping liquidity, the pair has now printed a bullish internal change of character (I-CHoCH), confirmed by bullish divergence. This confluence significantly increases the probability of a bullish move from here—but only if you play it smart.
💎From the current price levels, the risk-to-reward ratio isn’t the most attractive for conservative entries. Aggressive traders might still consider taking a position with a tighter invalidation, but the trade needs to be managed with precision.
💎For those who prefer safer setups, it’s much wiser to wait for a pullback into the key support zone. A confirmed retest from there could offer a much cleaner risk-to-reward structure and a clearly defined invalidation level.
💎However, if the price breaks down and closes below that invalidation level, this entire bullish setup becomes invalid. In that case, it's best to stay patient and wait for a new structure to form before jumping back in. Entering too early in uncertain territory can turn a high-probability setup into a costly mistake.
🎖Strive for consistency, not quick profits. Treat the market as a professional, not a gambler. Discipline and timing are what separate the winners from the crowd. Be patient, wait for the high-quality trades, and execute with confidence. That’s how long-term success is built in this game.
MyCryptoParadise
iFeel the success🌴
AERO: Take Off!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Long Entry at $0.515
Recap
SPARKS:AERO caught a bid after Coinbase news hit, but world events quickly clipped the rally’s wings. Price bounced cleanly off the .48 level, which aligned with an Area of Interest (AOI), a Level of Interest (LOI), and a golden zone retracement displayed in the last analysis.
Explanation
The .48 level was key and the reaction was textbook. The Coinbase news provided a catalyst just as price reached the .55 level. However, macro uncertainty remains a headwind.
Now, all eyes are back on .55. Bulls need to defend this structural level. The current pierce of .75 is an encouraging move. Continuation and a proper flip of that level would keep confidence high. Wave 3s are a sight to see, so a retrace may not even occur if price simply sends. Still, while AERO stood up and moved counter to the broader market when world news dropped, that alone may not be enough if global bearish reactions continue.
Outlook
Entry projected in the previous analysis has played out in ideal fashion, but the market remains fluid. Key levels:
.75 recent break
.55 ideal hold
.48 impulse invalidation
Current trend at the lesser degree is up and holding higher lows. Next objective: take out the .80 pivot and change the trend at the higher degree.
Break of the higher lows at the lesser degree would be the first sign of weakness. I’m watching for a definitive correction for a potential long add. A swift move that breaks higher lows could signal danger to bulls.
Trade Safe!
Trade Clarity!
TRBUSDT on the Verge of a Major Move – Breakout or Breakdown?Yello, Paradisers! Is TRBUSDT gearing up for a bullish breakout, or is a deeper retracement coming? Let’s break it down.
💎TRBUSDT is forming an ending diagonal while showing bullish divergence, increasing the probability of an upward move. But for this bullish scenario to play out, we need confirmation.
💎If TRBUSDT breaks out and closes candle above the resistance level, the probability of a bullish move strengthens, setting up a potential wave 4.
💎However, if the price retraces further, we could still see a bounce, but given the broader market conditions, this would be a low-probability setup.
💎On the flip side, a breakdown and candle close below support would invalidate the bullish outlook, signaling that it’s safer to wait for a better price action structure before taking any positions.
🎖Remember, patience and disciplined execution are what separate winners from the rest. Stay sharp, Paradisers, and don’t let emotions dictate your trades!
MyCryptoParadise
iFeel the success🌴
Is AAVE About to Explode Above or Collapse? Key Levels to WatchYello Paradisers! Is #AAVE quietly prepping for a major breakout… or is this just another setup to wipe out the impatient bulls before the real move begins?
💎#AAVEUSDT is moving in a textbook ascending channel, respecting both trendline resistance and support beautifully. The structure is clean, but deceptive. While many may assume this is an easy path higher, seasoned traders know better — especially with what’s happening near the critical resistance zone.
💎The red resistance zone ($270–$280) that was previously a major support during the last cycle is now acting as heavy resistance again. #AAVEUSD is currently battling this zone after several failed attempts to break through. But the structure still leans bullish as long as we stay within the ascending channel.
💎Both the 50 & 200 EMA are now acting as dynamic support. This is key — if the price remains above these EMAs and the lower channel boundary, momentum favors the bulls. A decisive breakout above $280 could trigger a parabolic rally toward the $375–$410 range, a level where serious resistance and profit-taking are expected.
💎However… if bulls get lazy and we see a strong breakdown below the ascending channel, especially below $237, the setup gets shaky fast. A complete invalidation of the bullish case occurs if AAVE loses $209 — from there, expect a breakdown structure to unfold with a likely test of much lower levels and a possible retest of the $150 zone.
Trade smart, Paradisers. This setup will reward only the disciplined.
MyCryptoParadise
iFeel the success🌴
LINK Bulls Building Toward a Chain ReactionIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
LINK just gave us a clean reaction out of an identified box. Bulls may finally be gaining control and a trend shift up is on the table.
We had eyes on this box for a potential reaction. The market delivered. Now bulls need to prove they can build on it. The first key is to defend 13.284. As long as this level holds, the case for a higher trend remains alive.
Next, bulls need to clear 14.47. That is the first smaller degree LH that must be taken out to confirm that buyers are pushing through the structure.
The big step remains 15.00. This has acted as a major flipping level. A true test for the bulls will be whether they can reclaim and hold above it. If they do, the door opens for stronger upside follow through.
The path is clear:
💥 Hold 13.284
💥 Break 14.47
💥 Reclaim 15.00
We will continue to track this closely with the Elliott Scanner mindset. If momentum picks up through these levels, this could become an attractive higher-degree setup.
Watch these levels carefully. Bulls have work to do, but the ingredients for a shift are building.
Trade Safe!
Trade Clarity!
Is WLDUSDT Preparing for a Nasty Reversal?Yello, Paradisers! Have you been watching WLDUSDT creeping upward inside that nice channel and thinking this is a breakout in the making? Be careful. This setup might be laying a trap for overconfident bulls—and the signs are getting louder.
💎WLDUSDT is currently trading within an ascending channel, a structure that often signals weakening bullish momentum. The price is approaching a key resistance area, and what makes this zone even more dangerous is the confluence of bearish indicators stacked right on top of each other. We have the 200 EMA acting as dynamic resistance, the 0.618 Fibonacci retracement level overlapping perfectly, and a visible I-FVG (4H) in the same zone. This trio of signals significantly increases the probability of a strong bearish reaction.
💎If the price reacts from this resistance zone, performs an inducement move, and forms a clean bearish structure, we could be looking at a high-probability short opportunity. This would offer a solid risk-to-reward setup for those who are prepared and disciplined enough to wait for confirmation.
💎However, if the price breaks above the resistance and closes a full candle above it, then this bearish thesis will be completely invalidated. In such a scenario, it’s smarter to step back and wait for a clearer, more favorable structure to form. Chasing trades here would only increase the risk of getting caught on the wrong side of a fakeout.
🎖Discipline always wins in the long run, Paradisers. The market rewards those who wait for clean, high-probability setups — not those who trade based on FOMO. If you want to build long-term profitability, you must stay strategic, patient, and act only when everything aligns.
MyCryptoParadise
iFeel the success🌴
TON Looks Ready to Collapse — Is This the Start of a Bull Trap?Yello Paradisers! what if TON is about to reverse hard—are you positioned correctly, or will you be caught chasing the wrong move?
💎TONUSDT is showing clear bearish signs that can’t be ignored. The price has broken down from an ascending channel—a classic early signal of weakness. But that’s not all. This breakdown happened right at the resistance zone, and it’s backed by a clear bearish divergence on momentum indicators. Adding to the conviction, there’s a 1H Fair Value Gap (FVG) sitting right in that same region, which often acts as a magnet for price before continuation to the downside.
💎This confluence significantly increases the probability of a bearish move in the short term. So, what’s the plan?
💎For risk-averse (safe) traders, the optimal approach is to wait for a pullback and retest of the broken structure. This allows for a cleaner entry and a much better risk-to-reward (RR) ratio. For the aggressive players, there’s potential to enter with reduced size from the current level, understanding that it carries more risk without confirmation.
💎However, if the price manages to break out and closes candle above the resistance zone, this entire bearish setup becomes invalidated. In that case, the smart play is to stay patient and wait for a more favorable structure or price action to develop.
🎖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🌴
TAOUSDT at a Crucial Level – Breakout or Breakdown?Yello, Paradisers! Is TAOUSDT gearing up for a strong bounce, or is a deeper correction on the horizon? Let’s break it down.
💎TAOUSDT has completed a healthy retracement, forming a descending channel alongside a Dragon Butterfly candlestick pattern—both backed by high volume. Historically, when this pattern appeared with strong volume, we saw a solid upside move. This time, we also have a bullish divergence, adding confluence to the bullish case. However, to increase the probability of a breakout, we need to see price breaking above the descending channel with strong volume.
💎Now, what if price drops further or shows panic selling? In that case, we must wait for clear bullish confirmations before jumping in. Ideal signals include - Bullish I-CHoCH formation, W pattern or Inverse Head and Shoulders on lower timeframes. Any of these would significantly increase the probability of a strong bounce from the strong support zone.
💎 However, If price closes a candle below the strong support zone, it will invalidate our bullish outlook. If that happens, the best move is to stay patient and wait for better price action before considering any long positions.
🎖Patience is what separates pros from amateurs. If you want to make it in this game, trade smart, stay disciplined, and always wait for high-probability setups. The market will always test your emotions—don’t let it break your strategy.
MyCryptoParadise
iFeel the success🌴
FET at a Make-or-Break Level... Will It Bounce or Break Down?Yello Paradisers, are you watching FET closely right now? If not, you might miss a textbook high-risk, high-reward setup that could play out very soon—just like we’ve been anticipating in our previous updates.
💎FETUSDT is currently respecting a bullish market structure, and price action is aligning for a potential inducement grab.
💎If this inducement occurs, and we start to see bullish confirmation signals from the Daily order block, backed by the 4H 200 EMA, then the probability of a strong bounce increases significantly. From a risk-reward perspective, this zone is shaping up to offer a solid long entry with clean invalidation.
💎But here’s the other side of the coin: if the price breaks down through the order block and closes a candle below our invalidation level, the bullish bias will be completely invalidated. In that case, patience becomes the strategy, and we’ll be waiting for more convincing and clearer price action to realign with a new setup.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
BITCOIN (BTCUSD): A Deeper Correction?!
After Bitcoin updated the All-Time High, the market became
weak and exhausted.
A violation of a support line of a rising channel and a breakout
of a key horizontal support indicate a highly probable continuation
of a correction.
Our closest demand zone is 103200. It can be the goal for the sellers for now.
❤️Please, support my work with like, thank you!❤️
BTC in Bearish Wedge _ Breakdown or Bonus at Demand Zone?🔍 Technical Breakdown:
Bitcoin is currently trading within a *bearish wedge pattern* on the 1H timeframe. Price action is compressing, indicating a potential breakout soon.
⚠ *Bearish Bias:*
If the rising support breaks down, we expect a move toward the *103,000–102,000 support zone*, which has previously acted as strong demand.
📉 *RSI* is trending lower, showing weakening momentum.
📉 *MACD* crossover favors sellers (if applicable).
📌 Watch for reaction in the *reversal zone* to assess bounce or continuation.
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📊 *Key Levels:*
- Resistance: 108,800 – 109,200
- Support Zone: 103,000 – 102,000
- Reversal Area: 102,000 – 101,800
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📌 *Trade Plan:*
- Bearish bias below wedge
- Neutral bias inside wedge
- Bullish if price breaks and holds above wedge top
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💬 Let me know your thoughts below.
🔁 Like, Comment & Follow for more clean setups!
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📍This is for educational purposes only. Not financial advice.
This Hidden Altcoin Could Explode—But Only If THIS Level Holds!Yello Paradisers, have you seen what’s quietly brewing on REZUSDT? A high-probability bullish reversal setup is forming, and if this level holds, it could lead to one of the cleanest altcoin plays we’ve seen recently. This isn’t just about one signal—REZUSDT is showing a rare confluence of bullish indicators that deserve your full attention.
💎Currently, REZUSDT is moving within a descending channel while printing a bullish divergence on momentum indicators. At the same time, a textbook W-pattern has just formed, and what makes this even more significant is that it’s happening right at a support zone. This triple confluence—descending channel, bullish divergence, and W-pattern at support—is increasing the probability of a bullish breakout in the coming sessions.
💎From an entry perspective, those looking for more favorable risk-to-reward (RR) could benefit from a deeper pullback. That would offer a higher probability setup and tighter risk management. However, for aggressive or short-term traders, the current level still offers a 1:1 RR, which, while not optimal, is acceptable under strict trade management and position sizing.
💎That said, there’s a critical invalidation point that must be respected. If the price breaks down and closes a full candle below the support zone, it would invalidate the entire bullish structure. In such a case, the only professional move is to stay out and wait for cleaner confirmation or a better-developed setup. There is no room for hope in trading—only strategy and discipline.
🎖Strive for consistency, not quick profits. Trade smart, Paradisers. This setup could be a gift for the patient and a trap for the impulsive. The key is always the same—discipline, patience, and strategic execution. Stay sharp, stay focused, and keep protecting your capital.
MyCryptoParadise
iFeel the success🌴
UNIUSDT: A Massive Bullish Move Loading… or a Trap?Yello, Paradisers! Is UNIUSDT finally gearing up for a major breakout, or is this just another fake move before a deeper correction? Let’s break it down.
💎UNIUSDT is currently trading within a descending channel, increasing the probability of an upcoming bullish move. The key support zone is holding strong, and we might be witnessing the early signs of a double-bottom formation—a classic reversal pattern.
💎However, confirmation is everything in trading. To increase the probability in our favor, we need to see: Bullish divergence, Bullish I-CHoCH (Internal Change of Character), Bullish reversal patterns such as a W-pattern or inverse head and shoulders from our support zone.
💎If UNIUSDT retraces further, we expect a bounce from the strong support zone—but again, we must wait for clear bullish confirmations before taking any positions.
💎The invalidation level? If price breaks and closes candle below the strong support zone, the entire bullish setup gets invalidated. In that case, we wait patiently for better price action before considering any new trades.
🎖Patience and discipline are key, Paradisers. Many traders will get trapped in bad positions, but those who wait for the right confirmations will be the ones making money. Trade smart & stick to high-probability setups only.
MyCryptoParadise
iFeel the success🌴
Is SUSHIUSDT About to Bounce or Break? Yello, Paradisers! SUSHIUSDT is setting up an intriguing scenario after reacting to a key resistance trendline. Let’s break this down:
💎If SUSHIUSDT shows a bullish I-CHoCH (Internal Change of Character) from the key support zone—previously a resistance level—it could signal a higher probability of a bounce. However, patience is key here; we need to wait for confirmation of a bullish I-CHoCH on lower timeframes to take action.
💎On the flip side, if the price experiences further drops or shows signs of panic selling, the best approach would be to wait for it to reach a stronger support zone. At that point, we’d need to look for bullish patterns such as A W formation or An Inverse Head and Shoulders on lower timeframes to stack the odds in our favor.
💎If the price breaks down and closes a candle below the strong support zone, it will invalidate the bullish thesis entirely. In that case, it’s smarter to wait for a clearer structure to develop before considering any entries.
🎖 Remember, Paradisers, disciplined trading is the only way to achieve long-term success. Avoid impulsive decisions and always prioritize confirmation over speculation. The market rewards patience and preparation—stay sharp, stay focused.
MyCryptoParadise
iFeel the success🌴
Bitcoin : Impulse up or Flat Trap!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
BTC has staged a solid move off the May 25 low — but the context matters. We’re facing two distinct, high-stakes scenarios here: one bullish, one bearish. What happens next hinges on whether the May 25 rally is the start of a new impulse or the final leg (C wave) of an expanded flat off the all-time high.
Structure Breakdown
Bearish View: We’re completing a textbook expanded flat from the ATH:
A wave started May 23
B wave pushed to a lower low.
C wave began May 25 and is likely wrapping up now
If valid, this sets the stage for a powerful Wave 3 down.
Bullish View: The May 25 low marked the end of a corrective phase:
Rally from that low is an impulsive Wave 1
A pullback to the 108k golden zone would represent Wave 2
Wave 3/C up could follow from that base
What to Watch
The area around 108,000–107,100 is a magnet. If price retraces into this zone with a corrective look and holds, bulls could be in control. But if we roll over hard from here, it supports the expanded flat thesis — and a much deeper move likely follows.
Outlook
This is a moment for sharpen focus. The chart structure is clean, but the outcome isn't binary until we see what kind of retrace (if any) forms.
Watch 108k like a hawk. If bulls defend it, there’s room to talk new highs. If we break impulsively from here, expect acceleration lower — fast.
Trade safe, trade smart, trade clarity.
Sideways Still in Play for ETH After RejectionIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Recap
Ethereum just tapped into a key Area of Interest and got rejected. The move confirmed short-term resistance while keeping the broader wave structure intact. Although no clear breakdown has followed, the rejection signals that the asset is still mid-cycle.
The expectation now is for a sideways consolidation. This aligns with a developing wave 4, but the price action ahead will determine how this structure unfolds.
Wave Structure
At present, the count favors a completed wave 3 followed by a wave 4 that is still forming. The rejection at the AOI fits the narrative of a corrective structure underway. Whether that plays out as a triangle or a flat will depend on how the next legs print.
Key markers are in place:
AOI was respected
No breakdown of the prior key support level
Above the 0.382 to 0.5 retracement zone remains in focus as a reaction area
Should price expand beyond typical retrace/time boundaries, the degree of the count may need to be adjusted. A more complex correction or a deeper reset could shift the current interpretation from a wave 4 into something more substantial.
Outlook
• Rejection confirms resistance
• Expecting sideways movement to continue
• Watching the 0.382 to 0.5 zone for key price behavior
• Price action will determine the next wave structure
• If momentum expands rapidly, degree reassessment is on the table
Ethereum’s current posture suggests a market in digestion mode. Whether this leads to a launch into wave 5 or deeper corrective behavior, the next prints will be critical. No confirmation of bullish continuation yet.
More updates soon as the next leg develops.
Trade safe, trade smart, trade clarity.