Hi everyone! 👋
I want to share my current ONDO/USDT count on the 4H chart to get feedback from more experienced traders. Any comments, corrections, or tips are very welcome!
🟦 Where I started counting:
Wave (1): Started from around $0.62320 and topped at $0.80318
Wave (2): Retraced to $0.73807, around 36% of Wave 1 — quick and sharp, likely a zigzag
✅ So far, Wave 2 seems shallow and impulsive, which sets up for alternation in Wave 4.
🟩 Wave (3) development:
Wave 3 moved from $0.80318 → $1.09251
Strong volume and price action — fits well with what Elliott Theory defines as a powerful third wave
Wave 3 extension = about 1.6x Wave 1 — matches guidelines
📌 Based on this, I’ve marked Wave (3) completed at $1.09251
🟨 Now: Wave (4) Correction Zone
According to the Elliott Wave alternation rule:
Since Wave 2 was shallow and sharp, Wave 4 is expected to be deeper and more sideways. But BTC ATH bull run panic and hype all can change.
Here are the key retracement zones I’m watching for Wave 4:
| Retracement | Level | Meaning |
| ----------------- | --------------------- | -------------------------------------- |
| **0.382** | $0.98296 | Minor pullback, strong trend continues |
| **0.5** | $0.94884 | Common zone |
| **0.618** | $0.91472 | Deep but acceptable |
| ❌ Below $0.80318 | Invalidates structure | |
🟥 Wave (5) Projection:
Assuming Wave 4 ends shallow or deep, here are potential Wave 5 targets:
| Wave 4 End Price | TP1 (0.618 ext) | TP2 (1.0 ext) | TP3 (1.618 ext) |
| ---------------- | --------------- | ------------- | --------------- |
| \$1.09234 | **\$1.203** | \$1.272 | \$1.382 |
| \$1.04233 | **\$1.153** | \$1.222 | \$1.332 |
I’ll be watching RSI/MACD and volume to confirm when Wave 4 ends before entering Wave 5.
🙏 Open to Feedback!
I’m still learning and really enjoying Elliott Wave theory, so I’d love to hear from the TradingView community:
Do the waves look valid to you?
Would you count this any differently?
Any tips on catching the reversal of Wave 4?
Is the Wave 2 structure truly a zigzag, or am I missing something?
Thanks for reading — and I appreciate any support, corrections, or insights you can share. 📈💬
Let’s learn together!
I want to share my current ONDO/USDT count on the 4H chart to get feedback from more experienced traders. Any comments, corrections, or tips are very welcome!
🟦 Where I started counting:
Wave (1): Started from around $0.62320 and topped at $0.80318
Wave (2): Retraced to $0.73807, around 36% of Wave 1 — quick and sharp, likely a zigzag
✅ So far, Wave 2 seems shallow and impulsive, which sets up for alternation in Wave 4.
🟩 Wave (3) development:
Wave 3 moved from $0.80318 → $1.09251
Strong volume and price action — fits well with what Elliott Theory defines as a powerful third wave
Wave 3 extension = about 1.6x Wave 1 — matches guidelines
📌 Based on this, I’ve marked Wave (3) completed at $1.09251
🟨 Now: Wave (4) Correction Zone
According to the Elliott Wave alternation rule:
Since Wave 2 was shallow and sharp, Wave 4 is expected to be deeper and more sideways. But BTC ATH bull run panic and hype all can change.
Here are the key retracement zones I’m watching for Wave 4:
| Retracement | Level | Meaning |
| ----------------- | --------------------- | -------------------------------------- |
| **0.382** | $0.98296 | Minor pullback, strong trend continues |
| **0.5** | $0.94884 | Common zone |
| **0.618** | $0.91472 | Deep but acceptable |
| ❌ Below $0.80318 | Invalidates structure | |
🟥 Wave (5) Projection:
Assuming Wave 4 ends shallow or deep, here are potential Wave 5 targets:
| Wave 4 End Price | TP1 (0.618 ext) | TP2 (1.0 ext) | TP3 (1.618 ext) |
| ---------------- | --------------- | ------------- | --------------- |
| \$1.09234 | **\$1.203** | \$1.272 | \$1.382 |
| \$1.04233 | **\$1.153** | \$1.222 | \$1.332 |
I’ll be watching RSI/MACD and volume to confirm when Wave 4 ends before entering Wave 5.
🙏 Open to Feedback!
I’m still learning and really enjoying Elliott Wave theory, so I’d love to hear from the TradingView community:
Do the waves look valid to you?
Would you count this any differently?
Any tips on catching the reversal of Wave 4?
Is the Wave 2 structure truly a zigzag, or am I missing something?
Thanks for reading — and I appreciate any support, corrections, or insights you can share. 📈💬
Let’s learn together!
Trade active
During the 4th wave correction i observed the B wave of (4th) correction was expanded flat so that means B wave went higher than the top of 3rd wave. And C wave bottomed at 0.9489 Entery on momentum confirmation at 0.9768
SL 0.9450
Inverse 1.618 × Wave 4 ~$1.305 (30% of assets)
Wave 5 = 0.618 of (Wave 1 + 3) ~$1.195 (70% of assets)
AS the prices are always shotting a bit higher and this pull back was deep so i expect this will overshoot but so after the first TP i will be using he trailing SL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.