XTZ.usd Correction Done? Tezos looks ready for next leg UP

Part of my ongoing analysis of XTZ movements (see links below).

XTZ retraced a bit deeper than expected, thanks to Bitcoin "crash".
But it finally bounced with a LOUD "Ping" off a key support zone, a great sign.
"Loud" as in a precise reflection that you could almost HEAR resonate off the chart.

The correction (iv) was a textbook "ABC" structure.
Impulse wave (iii) had textbook "12345" structure.
Now we look for wave (v) with 3 possible targets.

Previous Tezos Analysis (click):
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:

Here we go.

At the Decision Zone

Zone clearly being noticed.
Break above and retest would be ideal bull scenario.
Bears already pushed it down here once, lets see if they can do it again.

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Comment:

Uh oh.

Not able to break the "Validation" zone

The zone's effectiveness is clear

But that was expected.
And that also means that a break could pop a spike up.

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So to see whats going on, put a Fib on the bounce from the low that we think was end of wave (C)

This green fib seems to have set the "amplitude" of the waves.

Zoom IN further for a closer look at the second bounce, and found this fib in Blue

Seems to fit the movements of this leg pefectly.

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Zoom back OUT with new fibs in place

Blue arrows show the 6.236 fib (nestled within original grey zone) is that actually halted the wave this time.
Green arrows mark 2 support zones of interest.

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In SUMMARY:
- Not yet validated, nor in-validated yet.
- 2 new Fibs to consider, and 2 new zones to watch.
- In general this still looks to be like a "bottoming" pattern, but lets see how it plays out.

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