It expecting lower in abc correction from the major high. Currently it correcting in sideways within (4) of ((3)) and expecting two more lows to end the c within the bearish sequence. The Total crypto market cap chart also favoring the similar outlook in short term cycle. (4) correction can be bounce between 461- 475 area before it start the next leg lower in (5)...
The structure so far unfolding as per expected as per previous post. It seems like ended (3) of A and bouncing in (4), so expecting sideways move and one more low to end A of (y) red. Yet there is a possibility of larger sideways correction of (x) in case it invalidates the invalidation level doing double correction. But until it stays below invalidation, it...
The structure seems turning in double correction lower, where (X) already appears finished. It expecting more downside in 3 of A of (Y). Once it breaks below 1.926, then only it confirms the (Y), otherwise it can even extend sideways correction (X) wave. But overall expecting choppy to downside until it stays below Invalidation level.
BNBUSDT - It is expected to move higher in 3rd of 3rd wave since the major bottom formed as triangle 4th wave at 253.4 low. With the invalidation level below 435, it can do more extension higher in the 5th wave in daily time frame.
BNBUSDT - The last leg up seems impulse up, which can be the part of 3rd wave up and expecting correction before it extend further up. The next extension higher will be confirmed when it breaks above 519 level. In daily it can be the part of 5th wave up and will go for new high above 700.
Total crypto market cap - Expecting new high as 5th wave in the with invalidation level of 2.379T level. Above that the new high will probably end the cycle up started from September low and call for pull back thereafter.
CHRUSDT - Expecting B wave pull back after the impulse A finished at 0.3905 high, and once it end the B wave correction it might extend higher in C in zigzag until it stays above 0.2406 low as invalidation level.
MATICUSDT - It looks like impulse is unfolding from 1.014 low in short term time frame. If the price action is really unfolding as impulse then the next pull back should be good buy opportunity against the invalidation level of 1.014 for next move higher.
XLMUSD - expecting minor high to end the impulse cycle started from 0.2547 low and then the correction will be there of B or either 2nd wave in case of larger extension in price as (A)(B)(C) from 0.1991 low. At least based on price action it is expected to do ABC sequence up from 0.2547 low.
Expecting triangle to break down and will start C. It will confirm the pattern below 0.0093. If it breaks below 0.0093, then only it should go down with invalidation level above 0.01029. But in case of it breaks above 0.01029 without breaking below 0.0093, then it can extend higher in abc pattern within B wave up before turn lower again.
It is in corrective cycle and (x) is in progress, which should either do triangle or double correction before one more leg lower, means sideways move is in progress and will go for one more wave down thereafter. At the moment, it is no trade zone.