FINAL LEG OF THE ZIGZAG CORRECTION ?Yello, Paradisers! Are we about to see the end of this correction, or is there still one more shakeout coming? Let’s break it down.
💎The market is currently unfolding within a Zigzag Correction (A-B-C) pattern, and we appear to be in Wave C the final leg of this structure. Wave A has already played out with a sharp downward move, followed by Wave B, which acted as a countertrend rally. Now, Wave C is in progress, forming the last phase of this corrective cycle.
💎Since this is a 5-3-5 Zigzag Correction, the third wave of Wave C has already developed, meaning the market is nearing a critical Demand Zone at 4.0283. This level is a strong support zone where a potential reversal could occur. If the price reacts positively from this area, it could mark the end of the correction and signal the beginning of a new bullish phase, starting Wave 1 of the next uptrend.
💎However, if the price remains trapped between the Moderate Support and Moderate Resistance zones, we may see an extended period of sideways consolidation before any decisive move. A key confirmation to watch is the RSI approaching oversold conditions, which would indicate that downward pressure is weakening and the probability of a bullish reversal is increasing.
As always, Paradisers, the key to profiting in this market is waiting for high-probability setups. If this correction is indeed ending, the next move could be explosive. Stay sharp, stay disciplined, and trade smart!
MyCryptoParadise
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