Is This the Final Drop Before a Major Reversal? Read This NOW! Yello, Paradisers! Are we about to witness the final leg of this move, or is one last shakeout coming before a massive reversal? Let’s break it all down using Elliott Wave principles.
💎Wave 1 initiated the downtrend, marking a strong sell-off from higher price levels. Volume surged during this phase, signaling institutional selling and overall market panic. This aggressive downward move set the foundation for the corrective Wave 2.
💎Wave 2 began as the price rebounded after hitting the local low at $1.406. This move aligns with a typical Elliott Wave correction, often retracing 50%–61.8% of Wave 1. The recovery phase pushed the price back up, potentially reaching as high as $1.964 before the next major move.
💎Wave 3, the strongest and longest in the sequence, started once the price failed to sustain above $1.964. This move could extend all the way down to $0.809, a critical level where selling pressure is expected to peak. Historically, volume is highest during Wave 3, indicating aggressive selling and potential accumulation zones forming.
💎Wave 4 might be unfolding right now, forming a short-term recovery. If the price retraces toward $1.392 but fails to break above it, the bearish wave count remains intact. It’s crucial to note that Wave 4 must NOT enter the price range of Wave 2—if it does, the entire Elliott Wave structure is invalidated, suggesting an alternative pattern like an ending diagonal or a larger correction.
💎Wave 5 is the final impulse wave. If Wave 4 faces rejection below $1.392 and consolidates, the market could see the beginning of Wave 5, pushing price toward the $0.746 support zone. This phase typically marks the last exhaustion move before a potential market reversal or a shift in structure.
Patience and strategy win the game, Paradisers! The market is designed to shake out weak hands before the real move happens.
MyCryptoParadise
iFeel the success🌴
