EuroMotif

XTZ.usd Ultra-Bullish scenarios still in play, Updated Targets

EuroMotif Mod Updated   
BINANCE:XTZUSDT   Tezos / TetherUS
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This is an Update to my last call for a Dip-n-Go wave 5 (click).

We got the wave 4 dip as expected in above plot.
The dip provided more clues to fine tune targets.
But also left open the door for another small dip.

It is LIKELY that w4 is done, "Min Expected" up next.
It is POSSIBLE to see a last retest of "Decision Zone".
It is PLAUSIBLE to see a dump to "Average Retrace".

$ 3.368 - 3.330 is key, going below unlocks significant leg down.
$ 4.231 - 4.281 is the minimum target even if another dip first.
$ 4.664 - 4.704 is likely w5 target if bounce breaks local highs.

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Previous Tezos Analysis (click):
$3.6 Dip Call (just in time)
Golden Grown First Spotted (beautiful proportions)
$1.85 Take Profit zone (hit exactly, must see)
$1.65 Retrace Target (off a little)


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Comment:
First Update

Since posting this Idea, we got a Ping on the resistance zone above and now a Ping on the "Decision Zone" This is getting VERY interesting!

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Comment:
Back for another Decision

Here we are the grey "Decision Zone" again
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Zoom IN (34 min) for a closer look at that zone The last decision was quite clear.
Lets see what the committee says this time.
Top bound of $3.33 is the key battle line now.
(assuming we get past the lower bound at $3.268)

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Comment:
Decision Zone Rejected again

Market wide Dip caused XTZ to fall from the Decision Zone
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Zoom IN (15 min) for a closer look at the decision zone Subsequent failures at the top bound then bottom bound of the Decision Zone.
So it was already in dip mode when btc took a dump.
But overall XTZ has held up very well with perfect pings on first support zone.

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Zoom IN more (3 min) for a closer look at the drop with fib added Nice 2.618 Ping followed by 2.236 ping.

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Zoom OUT (21 min) with the new fib of last leg down (blue) and existing fibs Results in a map of three new zones in Blue.
Looks like $2.8 might best next stop (red 4.618 + blue 4.236)

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SUMMARY:
- Decision Zone said thumbs down again.
- Market wide dip showed XTZ to be strong
- It is possible that dip is done, but likely one more leg.
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