Below 48.9254 we are looking to the downside to complete an ending diagonal wave (c) from a flat correction wave ((2)).
Below 1.05 we are looking to the downside to complete a zigzag correction wave (ii) of ((3))
The leading diagonal wave 1 is preferred status from 1.009 to 4.528. Below 4.528 we are looking to the downside to complete wave 2
Wave ((1)) a leading diagonal. Below 105.72 we are allowing wave ((2)) to unfold. Possible target 0.5 - 0.618 retracement area.
Two scenarios for Arbitrum. Black count where we have a finished impulse to the upside and we are going down to complete wave 2 if price clears 1.5427. Orange count where if price clears 2.0883 may be a tringle ((4)) and we are focusing to the upside to end wave ((5)). On this count we used log scale!
After completed a triangle pattern wave 4, above 0.6909 we are looking to the upside to complete a 5 waves structure, wave 5. Possible target 4.80 USD. On this count we used log scale!
Price overlapping makes me to think that we still are into wave 1 a leading diagonal. If so, I expect the next support level to be the 0.382 - 0.5 Fib. retracement of wave ((3)).
Watching for evidences wave 2 finished 0.702. Clearing 0.902 we will focus to the upside for wave 3 looking for price to aim for the 1.618 projection multiple between waves 3 and 1.
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
Impulsive price action add credence that wave (3) of ((3)) unfolds with possible target 1.618 fib extension. We used log scale on this count!
price made all time high at 2222 since then it is coming down on 15min chart 5 impulsive wave are complete now price making sideway correction on Monday static support 2150 (then 2130 small one) next big support near 2088 from h4 chart
Below 0.1777 we are looking to the downside to complete wave (2) of wave ((3)). Possible target for the correction into the previous 4th wave of wave (1) of wave ((3)), approx. 0.1176 where we have also 0.618 fib retracement. Invalidation below 0.0823.
Bitcoin's recent performance has been nothing short of impressive, with the cryptocurrency reaching a new All-Time High (ATH) of $73,777 over the past week. However, as it encounters a significant zone of supply between $66,401 and $69,000, the current price action suggests a formidable challenge ahead. Despite multiple attempts, Bitcoin has struggled to breach...
I believe we will retest the Value Area High which aligns well with the fib 1 extension of Wave C pullback, before resuming higher. The upside move could be absolutely insane.
Watching for evidences for a deep retracement as 5 waves up ended 22.90. Link may start a deep retracement wave 2. RSI divergence may signal wave 5 finished 22.90. Possible target 0.382 fib retracement for wave 2 where we have also wave 4 retracement. If you want to see more and future updates follow me!
Below 760.3 we are looking to the downside for a deep correction wave 2
Above 8.05 we are looking to the upside for the wave (3) of ((3))
Cardano may have been finished 5 waves to the upside as the price hit 2.618 fib extension for wave (1) of bigger degree wave ((5)). Below 0.7650 we are looking to the downside to complete a 3 waves structure, wave 2. On this count we used log scale!