Watching for evidences wave (iv) ended 1.44. Price bounced nice into the median line of the channel. I will post intraday counts soon. Hit the like button if you like my analysis and follow me for future updates! Good luck!
Above 65094 and clearing 70028 we are looking to the upside for wave (iii) of ((v)). Update with targets soon! See also my related idea! Hit the like button if you like my analysis and follow me for future updates! Good luck!
Below 40.43 we are looking to the downside to complete an expanded flat correction wave ((ii)). Possible target into 30 usd price zone.
Below 0.618 fib retracement we are looking to the downside to complete wave (c) of wave ((ii)). Wave (a) possible a leading diagonal. Possible target for wave ((ii)) fib cluster of 0.764 fib retracement and equality between wave (a) and (c).
After hitting 1.618 fib extension of wave ((i)) below 721.8 we are looking to the downside for wave ((iv)). Possible target 0.236 fib retracement of wave ((iii)) in the span of previous wave (iv). We are not excluding one more leg up above 721.8.
Below 73881.4 we are looking to the downside to unfold wave ((4)) of wave 3. Possible targets 0.382 fib retracements also key level previous wave (4) 59112 zone.
Above 1.715 we are looking to the upside for wave ((v)) with possible target above 5 USD price level.
Below 19.241 we are looking to the downside to complete wave (y) from a a complex correction wave ((ii)). Possible target 0.50-0.618 fib retracement of wave ((i)). Also we have 9.831 price level for equality between waves (w) and (y).
Above 0.10475 we are looking to the upside for wave ((5)). Equality between waves ((1)) and ((3)) could signal an extended wave ((5)). From the guidelines of alternations, wave ((2)) a running flat correction may signal wave ((4)) ended as a zigzag correction. Price bounced into the 0.382 fib retracement as usually a wave 4 do it. Log scale used!!
The equality between waves 1 and 3 (blue count) in conjunction with the ETF approval for Ethereum, we can expect an extended wave 5 with a target equal to waves 1+3, the yellow Fibonacci projection, respectively the 7560 area. The price breaks 3726.79 level and the near term resistance levels will be 4091.67 and the TOP 4867.81
Watching for evidences wave 2 ended 5.73 and now we start to build the wave 3. What we want to see before taking action is an impulse to the upside that clears 9.09 and 10.06 levels that will be the wave ((1)) of 3.
Above 3069.58 we are looking to the upside for wave (v) of ((3))
Matic may have been completed the 4h wave a Triangle pattern. We need the price to stay above 0.4926 and clear 0.9499 to turn the price up for the wave 5
Watching for evidences wave 2 finished 10.55. Clearing 15.83 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.
Expending leading diagonal wave ((1)) is preferred status for this price action as it stays above 0.4874.
Ending diagonal wave ((c)) of 2 is preferred status for this price action. We are watching for evidences and clearing wave (4) 1.5915 will increase the chance to turn the price up. Price reached at a key support level, 0.618 fib retracement of wave 1. Also a possible oscillators indicators divergence at this level.
Above 13.927 we are looking the upside for wave ((3)) of 3 of (3).
Below 48.9254 we are looking to the downside to complete an ending diagonal wave (c) from a flat correction wave ((2)).