750 dolla spy.gm,
wanted to share my outlook on the stock market today.
---
fear is accelerating. uncertainty is going parabolic in a way we haven’t seen since the covid crash. people are running. insiders are exiting. the herd is collectively turning bearish.
but i’m bullish.
---
here’s exactly why:
-quantitative easing is coming back.
-rate cuts are on the horizon.
-the us dollar is depreciating.
-economic expansion is inevitable.
-the artificial intelligence boom is just getting started.
---
while most people fumble their bag up here, drowning in fear, we look for significantly higher prices into 2026.
---
ps. i left out upside targets and timeframes because none of that matters at the moment. only the structure does. if you like the structure, use it. don't give me any credit. i don’t need it.
if you make a dolla this next year, donate a tenth of it to someone who needs it more than you. the universe will handle the rest.
🌙
Elliott Wave
USDJPY Wave Analysis – 6 February 2025
- USDJPY under the bearish pressure
- Likely to fall to support level 150.00
USDJPY currency pair under the bearish pressure after the earlier break out of the support zone between the support level 154.00, support trendline from September and the 50% Fibonacci correction of the previous upward impulse from December.
The breakout of this support zone accelerated the c-wave of the active ABC correction 2 from the start of this year.
Given the strongly bullish yen sentiment seen across the currency markets today, USDJPY currency pair can be expected to fall to the next support level 150.00 (target for the completion of the active c-wave).
OM/USDT Weekly Detailed Elliott & Technical Analysis📈 OM/USDT Technical Analysis
1️⃣ Price Trend 📊
✅ OM/USDT has been in a strong uptrend, reaching new highs.
✅ The price is currently near a key resistance zone, marked by Fibonacci levels (see the provided chart).
✅ Elliott Wave count suggests the final leg of an impulse wave (Wave 5), indicating a possible local top soon.
2️⃣ Volume Analysis 📊📉
📌 Trading volume has seen periodic spikes, indicating strong interest from traders.
📌 Increased volume on green candles suggests that buyers are still in control.
📌 A sudden drop in volume while the price is rising may indicate buyer exhaustion.
3️⃣ MACD Analysis 📉📈
🔵 MACD is above the signal line, which is a bullish signal.
🔴 A continued divergence between MACD and price could be a warning sign for a potential correction.
⚠️ If MACD starts flattening or turning downward, a reversal could be imminent.
4️⃣ RSI Analysis 📊
📊 RSI is within the normal range, meaning there is no immediate overbought or oversold condition.
🚀 A move above 70 RSI would indicate an overbought market, increasing the risk of a pullback.
🔻 A drop below 50 RSI would signal weakening momentum.
📌 Conclusion & Trade Plan
🐂 Bullish Scenario (Breakout)
✅ If OM/USDT breaks above key Fibonacci resistance levels, it could continue toward 8.20 USDT or even 10.02 USDT.
🐻 Bearish Scenario (Pullback)
⚠️ If price fails to break resistance and MACD starts declining, we could see a retracement toward 6.77 USDT or even 6.33 USDT.
Key Levels to Watch 🔍
🔹 Support: 6.77 USDT, 6.33 USDT
🔹 Resistance: 8.20 USDT, 10.02 USDT
🌀 Elliott Wave Analysis for OM/USDT
🔍 Wave Structure Overview
📌 The current Elliott Wave count suggests that OM/USDT is in the final impulse wave (Wave 5).
📌 This means that the price is nearing a potential peak before entering a corrective ABC pattern.
📌 The market has seen a strong upward trend, aligning with Fibonacci extensions.
🌀 Key Observations
📊 Wave 1-2-3-4-5 Structure
✅ The price action has followed a classic 5-wave Elliott structure, with Wave 3 being the strongest.
✅ Wave 4 was a retracement, creating a higher low before Wave 5.
🎯 Wave 5 Target Levels (Fibonacci Extensions)
🔹 6.77 USDT - This is the 1.0 extension level, which has already been tested.
🔹 8.20 USDT - The 1.236 Fibonacci extension, a potential target if bullish momentum continues.
🔹 10.02 USDT - The 0.618 extension, marking an extreme target if the wave extends further.
🛑 Potential Correction (ABC Structure Incoming?)
⚠️ If Wave 5 completes, we should expect a corrective ABC wave to form.
⚠️ The key support levels for this correction are 6.33 USDT (0.382 retracement) and 5.80 USDT.
🎯 Trading Strategy
📈 Bullish Scenario 🚀
✅ If price breaks 8.20 USDT, it can extend to 10.02 USDT.
✅ Momentum traders should look for volume confirmation before entering.
📉 Bearish Scenario ⚠️
⚠️ If rejection happens around current resistance, a pullback to 6.77 USDT - 6.33 USDT is likely.
⚠️ If MACD starts weakening, it could signal the beginning of an ABC correction.
🔥 Final Takeaway 🔥
✅ OM/USDT is in a strong Elliott Wave 5 uptrend with a potential target of 8.20 - 10.02 USDT.
✅ If momentum weakens, an ABC correction could follow, pulling price back toward 6.33 USDT.
✅ Traders should monitor MACD, RSI, and volume behavior to anticipate the next move.
📉 Short Opportunity Coming Soon! 🚨
🔴 OM/USDT is nearing the final stages of Wave 5, which signals a high probability of a short opportunity in the coming days.
🔴 Key indicators like MACD, RSI, and Volume suggest that bullish momentum may be weakening.
🔴 If the price fails to break above 8.20 USDT and MACD starts turning downward, a sharp correction (ABC pattern) could follow.
TAO/USDT Weekly Elliott Wave & Fibonacci Analysis📌 TAO/USDT Elliott Wave & Fibonacci Analysis: A Deep Dive 🚀
🔹 Market Structure Overview
The TAO/USDT chart exhibits two potential Elliott Wave scenarios:
A completed Wave 2 correction leading into an impulsive Wave 3.
An ongoing ABC corrective pattern before a bullish move.
Using Fibonacci retracements, extensions, volume trends, and momentum indicators (MACD, RSI), we can refine both scenarios.
🔹 Scenario 1: Impulsive Wave 3 Towards $1,532.5+
Wave 3 Expansion & Fibonacci Levels
The price has retested 0.786 Fib support ($226.3), a historically strong level for a wave reversal.
Wave 3's minimum projected target is $1,532.5 (1.236 Fibonacci extension).
If momentum builds, the 1.618 extension ($2,729.5) could be reached, aligning with strong historical price expansions.
Market Behavior & Momentum
MACD Analysis: A bullish crossover in the MACD histogram would confirm momentum shifting toward an impulsive move.
RSI Trends: RSI stabilizing above 50 would indicate growing buyer strength, supporting the bullish outlook.
Volume Dynamics: Increasing volume at key support levels suggests institutional accumulation.
📌 Confirmation Zone for Wave 3:
A sustained breakout above $740 (recent high) would confirm the beginning of Wave 3.
🔻 Scenario 2: ABC Correction Before Reversal
Potential for a Deeper C-Wave Drop
Instead of an immediate breakout, the market may still be completing an ABC correction.
Wave C targets:
100% Fibonacci Extension: $160.6
1.236 Fibonacci Extension: $111.9
Potential Max Extension: $89.5 (1.382 Fib)
Indicators Supporting a Further Decline
MACD remains bearish, suggesting downside continuation before a reversal.
RSI is not yet at oversold levels, meaning further weakness is possible.
Volume profile shows a lack of aggressive buying, indicating sellers still have control.
📌 Key Reversal Zone for the Next Bullish Cycle:
If the price drops to the $160.6-$111.9 range, a strong bounce could follow, leading into the next impulsive wave.
📌 Conclusion
If $226.3 holds, it strengthens the case for an impulsive Wave 3 move towards $1,532.5+.
If support fails, a final correction to $160.6 or even $111.9 is expected before a strong upside reversal.
Volume and momentum indicators will be crucial in confirming the next major move.
This analysis provides a structured view of potential Elliott Wave formations and Fibonacci-based price levels, giving clear insights into TAO/USDT’s possible market direction.
GBPNZD Elliott Wave Forecast: Navigating a 7-Swing CorrectionGBPNZD is undergoing a complex correction within a 7-swing WXY pattern. With Waves W and X already in place, the pair is now developing the early stages of Wave Y. This analysis explores key price levels, potential turning points, and the anticipated market direction based on Elliott Wave principles. Stay informed with this in-depth forecast.
Elliott Wave View: Gold Miners ETF (GDX) Impulse Rally ProgressShort Term Elliott Wave View in Gold Miners ETF (GDX) suggests rally from 12.30.2024 low is in progress as an impulse. Up from 12.30.2024 low, wave 1 ended at 38.2 and dips in wave 2 ended at 36.84. Internal subdivision of wave 2 unfolded as a zigzag Elliott Wave structure. Down from wave 1, wave ((a)) ended at 37.31 and wave ((b)) ended at 37.95. Wave ((c)) lower ended at 36.83 which completed wave 2 in higher degree.
The ETF has extended higher in wave 3 with subdivision as a 5 waves with extension (a nesting impulse). Up from wave 2, wave ((i)) ended at 38.16 and pullback in wave ((ii)) ended at 36.84. The ETF extended higher in wave (i) towards 39.73 and pullback in wave (ii) ended at 38.14. Up from there, wave i ended at 39.92 and wave ii ended at 39.24. Wave iii higher ended at 41.53 and pullback in wave iv ended at 40.80. Expect the ETF to end wave v of (iii), then it should pullback in wave (iv) before higher again. Near term, pullback should find support in 3, 7, or 11 swing against 36.83 low for further upside.
Ethereum’s Tailwind: How Deregulation Could Fuel the Next RallyCrypto deregulation is gaining momentum and would remove structural barriers for institutional adoption, increasing Ethereum’s appeal as the dominant settlement layer for decentralised finance, tokenised assets, and smart contract applications—driving higher network activity, demand for ETH, and long-term value accrual. Here are some recent developments:
SEC Scaling Back Enforcement: The U.S. Securities and Exchange Commission (SEC) is reportedly scaling back its crypto enforcement unit, with some staff being reassigned within the agency. This move is seen as part of a broader shift towards deregulation under the current administration, led by President Donald Trump. This news was highlighted in multiple sources including The New York Times
Legislative Efforts: There's an initiative in Congress to form a cryptocurrency working group aimed at developing a regulatory framework that favors the growth of digital assets. This was mentioned in a Reuters article where Representative French Hill, a Republican and chair of the House Financial Services Committee, discussed new legislation that would provide "clarity for a regulatory framework."
Stablecoin Legislation: There's a push for stablecoin regulation, with mentions of a bill introduced by Senator Bill Hagerty (R-Tenn.) focusing on creating a clear regulatory path for stablecoins. This has been discussed by David Sacks, U.S. President Donald Trump's AI and Crypto Czar, along with Republican lawmakers.
Executive Actions: President Trump has signed executive orders aimed at promoting crypto growth and reducing regulatory overreach on digital assets. Posts on X have echoed these actions, indicating a significant shift in U.S. policy towards cryptocurrencies.
Global Influence: There are indications that global perspectives on cryptocurrency regulation are shifting, with countries like Japan planning to review their crypto tax laws by June 2025, and India reportedly reconsidering its stance on cryptocurrency due to these U.S. developments, according to India Today and Coinpedia.
Trump's World Liberty Finance Holding Ethereum: World Liberty Financial (WLFI), a decentralized finance platform linked to Donald Trump and his family, accumulated a significant holding of Ethereum (ETH).
LCID Elliott-Wave AnalysisLUCID Chart looks like, it has established a bottom in Nov '24.
Im expecting the first Elliott Wave-1 (shortterm uptrend) soon to be finished .
Afterward we should start retracing, potentially finding support in the green area.
Eventough the financials dont leave much room for a bullish interpretation, expect the Revenue-Growthrate, Im anticipating further future upside potential for LUCID.
Ethereum Wave Analysis – 5 February 2025
- Ethereum reversed from the key support level 2200.0
- Likely to rise to resistance level 2890.00
Ethereum cryptocurrency recently reversed sharply from the key support level 2200.00, which has been reversing the price since the start of August, as can be seen below.
The upward reversal from the support level 2200.00 created the daily Japanese candlestick reversal pattern Hammer.
Ethereum cryptocurrency can be expected to rise to the next resistance level, 2890.00 (the former monthly low from January).
RGTI: both ways potential Chart on the daily looks like being in no-mans is about to decide of its further direction.
I have two main alternatives:
1. If price moves above Jan 24th highs the road is opened to following resistance zone: 20-25, 28-33 and a push towards ideal macro-resistance target at 37-45 levels;
2. If price break down bellow Feb 3rd lows, odds are moving in favour of one potential leg down to potentially test 4-3 macro support levels.
Weekly macro view:
Thank you for your attention!
XAUUSD - Gold need correction till golden zone of retracement!Hello Mates!
As we all watching XAUUUSD making ATH from last Two weeks and every time breaking its Higher Highs but here we need a good correction in gold to continue its trend here i have shared my analysis for gold read chart carefully and description.
As gold has made two parallel channels in bullish trend internal and external parallel channels and following respecting external channel for impulsive wave and internal channel for pull back/retest/ and correction.
i have drawn those both channel and marked all levels of movement!
Gold Next Move
Gold needs to take a corrective move till internal channel's down trendline which is very good zone of support and buying zone. where market can react with high volume candle to make a new ATH.
Key Points
Support: 2791
Resistance: 2895
Fib Golden Zone: 2815-2827
OB and FVG Level:2771-2792
Gold will give good move till 2791 and this is my target for sell, and buying zone for gold
if you like my analysis support me and like my ideas
GBPUSD → A breakout of trend resistance. Change?FX:GBPUSD is forming a local trend change attempt. The price breaks the resistance of the descending price channel and forms a consolidation above the line, in the buying zone.
The fundamental background is very complicated and not stable because of Trump's policy and the tariff war with the whole world. Sharp shifting statements have a huge impact on the markets.
Technically, the price is breaking the resistance of the long downtrend and we have a chance to change the local trend. A breakout of the resistance at 1.2488 and a price consolidation above this zone may motivate a buyer to support this move.
Resistance levels: 1.2488, 1.26
Support levels: 1.2414, 1.2377
The price may test the previously broken channel resistance before rising further, but the 1.2488 trigger plays an important role. If the bulls can keep the defense above this area, the currency pair may rally a bit in the short term.
Regards R. Linda!
XRP/USD Analysis – Bullish Elliott Wave 5 Expansion🚀 XRP/USD – Bullish Elliott Wave 5 Expansion 🚀
📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI
XRP is currently in a Wave 4 corrective phase, setting up for a Wave 5 expansion. If XRP maintains key support levels and breaks above resistance, we could see a strong bullish move toward $10.45 and beyond.
📊 Elliott Wave & Fibonacci Analysis
XRP's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next bullish price targets are:
✅ Fib 0.382 (~$4.60 USD) – Initial target, a breakout here confirms strong bullish momentum.
✅ Fib 0.618 (~$8.75 USD) – Mid-term bullish target, aligning with previous resistance zones.
✅ Fib 1.236 (~$10.45 USD) – Key breakout level for an extended Wave 5 rally.
✅ Fib 1.618 (~$14.99 USD) – Ultimate Wave 5 expansion if bullish momentum continues.
✅ Fib 1.618 Extended (~$31.56 USD) – Parabolic target if XRP enters a strong breakout cycle.
🔹 Key Support Levels
🟢 $2.03 USD (Fib 0.236) – Support
🟢 $1.47 USD (Fib 0.382) – Deeper retracement support.
🟢 $1.14USD (Fib 0.5) – Must hold for the bullish structure to remain valid.
🔹 Key Resistance Levels
🚀 $3.99 USD – Crucial breakout zone.
🚀 $5.05 USD – First major Wave 5 target.
🚀 $8.75 USD – Strong resistance and Fib 0.618 level.
🚀 $10.45 USD – Breakout confirmation of Wave 5 expansion.
📉 MACD & RSI Confirmation
📊 MACD Analysis:
✅ Bullish Crossover – MACD lines show a strong momentum shift.
✅ Increasing Histogram – Indicates rising bullish pressure.
⚡ RSI Strengthening:
✅ Currently ~77 RSI – Entering strong bullish territory.
✅ Above 60 RSI – Momentum shift confirmed, but a short-term pullback is possible before further gains.
📊 Volume Analysis & Market Structure
📌 Current Volume:
🔹 Volume is increasing, confirming strong buyer interest.
🔹 A spike in buy volume above $3.99 USD will confirm a breakout toward $5.05 USD.
🚦 Market Structure Confirmation:
✅ Higher lows forming – Bullish structure intact.
✅ Breakout above $3.99 USD + volume spike = Strong Wave 5 rally potential.
✅ Bullish Trade Plan
🔹 Entry Trigger: Breakout above $3.99 USD with volume confirmation.
🎯 Take Profit 1: $5.05 USD (Fib 0.382)
🚀 Take Profit 2: $8.75 USD (Fib 0.618)
🌕 Take Profit 3: $14.99 USD (Fib 1.618)
🛑 Stop-Loss: Below $1.14USD (Fib 0.5)
💡 Conclusion & Market Sentiment
🔹 XRP is approaching a key resistance zone at $3.99 USD.
🔹 A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting $8.75 USD and beyond.
📢 Market sentiment remains strongly bullish.
✅ If XRP holds above $1.14 USD, the bullish wave structure remains intact.
✅ MACD & RSI confirm strong momentum, but volume confirmation is needed.
✅ Watch for a volume breakout above $3.99 USD before entering a trade.
📢 What’s your XRP price target? Comment below! 🔥
📈 Like & Follow for More Crypto Analysis! 🚀
Gold/USD Monthly Elliott Wave & Fibonacci ProjectionsPEPPERSTONE:XAUUSD
This analysis presents a detailed Elliott Wave count on the monthly chart of Gold/USD with Fibonacci extension levels for key price targets.
Wave Structure:
The chart follows a classical 5-wave impulse structure (I to V).
Wave V is currently forming with possible subwave developments marked (1, 2, 3, 4, 5).
Fibonacci Key Levels:
100% ($2,529) — initial projection target
127.2% ($2,778) — intermediate resistance
161.8% ($3,095) — dominant bullish extension target
261.8% ($3,019) — extended bullish zone
Potential Price Movement:
A correction near $2,550 aligns with the Fibonacci 161.8% retracement, followed by a rally to complete wave V.
Long-term resistance and liquidity zones highlighted around $3,095.
Use this projection for long-term trading strategies. Fibonacci and wave alignments may guide stop-loss placements or profit-taking points. Keep an eye on corrections near wave 4 zones for confirmation before further bullish continuation
Disclaimer:
This analysis is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to trade any securities or assets. Trading in financial markets involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a certified financial advisor before making trading decisions.
Gold’s Bullish Surge Eyeing the $2,700 Breakout! The chart displays a bullish recovery following a significant downtrend, transitioning into an uptrend within a defined ascending channel. A symmetrical triangle breakout during the bearish phase marked the beginning of this upward movement. Key support is identified around $2,600, while resistance levels are at $2,697, aligned with the 100% Fibonacci projection, and $2,728, which corresponds to the 138.2% Fibonacci extension and acts as a potential exhaustion point. The psychological level of $2,700 plays a critical role as a resistance zone. The price is currently near the upper boundary of the ascending channel, suggesting possible resistance and a chance for consolidation or retracement. If the price breaks above $2,700, it could target $2,728 or higher, while a rejection might lead to a pullback toward the midline or lower boundary of the channel. The bullish momentum remains intact, and traders could consider entering on a breakout above $2,700 or on a retracement near the channel’s lower boundary. Targets lie at $2,728 or higher, with stops placed below the last swing low or channel support. This chart signals a strong bullish trend with critical action expected around the $2,700 level.
Google Wave Analysis – 4 February 2025
- Google under the bullish pressure
- Likely to rise to resistance level 210.00
Google is under bullish pressure after the earlier breakout of the resistance level 200.00, which is the upper border of the sideways price range inside which the pair has been moving from December.
The breakout of the resistance level 200.00 accelerated the active minor impulse wave 5, which belongs to the intermediate impulse wave (C) from September.
Given the clear daily uptrend, Google can be expected to rise to the next resistance level 210.00 (target price for the completion of the active impulse wave 5).
WIF/USDT Elliott Wave C Analysis1️⃣ Fibonacci Targets for Wave C Completion
Wave C in an ABC correction typically extends to key Fibonacci levels derived from Wave A:
1.000 Fib Extension (~$2.851) → Most common Wave C completion target.
1.236 Fib Extension (~$4.049) → Stronger bearish momentum may push towards this level.
1.382 Fib Extension (~$5.031) → Overextended correction possibility.
1.618 Fib Extension (~$6.144) → Rare but possible deep Wave C completion.
📌 Interpretation: These levels represent potential Wave C termination zones where price might find support before transitioning into a new wave structure.
2️⃣ Fibonacci Retracement Levels for Wave C Support Zones
If the downward correction deepens, these retracement levels act as critical support:
0.618 Fib Retracement (~$0.614) – First deep corrective support, price may attempt a bounce here.
1.236 Fib Retracement (~$0.723) – Key structure validation level, break below signals further downside.
1.382 Fib Retracement (~$0.579) – Final support zone before significant breakdown risk.
📌 Interpretation: A rebound from these levels would support Wave C completion, whereas failure to hold them could indicate prolonged bearish pressure.
3️⃣ Elliott Wave Structure & Wave C Confirmation
Bullish Reversal Conditions
For Wave C to complete and initiate a reversal, the following must happen:
Price must break above the 1.000 Fib Extension ($2.851) to signal bullish intent.
Volume confirmation: A significant increase in buying volume at key support levels.
MACD bullish crossover on mid to high timeframes (1D/4H).
Bearish Risk Factors
Failure to hold $0.614 → Signals continued bearish control.
MACD remains bearish → No confirmation of trend reversal.
No breakout above $2.851 → Suggests deeper downside risk.
📌 Key Reversal Confirmation:
✅ Break above $2.851 → End of Wave C, potential trend shift.
❌ Close below $0.579 → Signals extended correction or potential new bearish trend.
4️⃣ Why Wave 5 is Unlikely
A potential Wave 5 scenario would require:
A break above $4.880 (prior resistance) to confirm a new bullish impulse.
Strong volume and momentum continuation beyond $5.551, $8.43, and $15.347.
📌 Low Probability Factors for Wave 5:
Lack of impulsive wave structure beyond Wave C extension.
Price structure still following corrective ABC movement.
No clear wave formation beyond the corrective phase.
🚨 Conclusion:
Wave 5 is not highly likely unless a breakout above $4.880 occurs, triggering further impulse movement.
5️⃣ Conclusion & Trade Considerations
✅ Primary Scenario (Wave C Completion)
Wave C Targets: $2.851, $4.049, $5.031, $6.144.
Support Zones: $0.614, $0.723, $0.579.
Reversal Confirmation: Break above $2.851 needed to validate end of correction.
❌ Low Probability Scenario (Wave 5)
Invalid unless $4.880 breaks with volume.
Target zones for Wave 5: $5.551, $8.43, $15.347.
Failure to break key levels = no wave 5.
📌 Trade Strategy Considerations:
Look for long entries near Wave C completion zones ($2.851 - $0.614).
Monitor volume & RSI for bullish divergence before confirming trades.
Avoid premature entries until clear reversal signs emerge.
# ChainLink (LINK/USD) Weekly Elliott Wave AnalysisOverview 📊
This analysis examines ChainLink (LINK/USD) on the weekly timeframe using Elliott Wave Theory and Fibonacci levels to determine potential price movements.
🔹 Current Price: $20.66🔹 Key Trend: Impulsive structure in progress🔹 Indicators Used: MACD, RSI, Fibonacci Retracement & Extension🔹 Chart Pattern: Five-wave Elliott structure with potential upside targets
1️⃣ Elliott Wave Count 🔍
Primary Degree (Macro Trend)
📌 The primary Elliott Wave count suggests a classic five-wave impulsive structure:
Wave (I): Initial impulse rally
Wave (II): Corrective decline, forming a bottom
Wave (III): Strong expansion wave with key retracement levels
Wave (IV): Potential pullback region before the next bullish phase
Wave (V): Final expansion phase leading to the macro target zones
⏳ Current Progress: Price is in the early stage of Wave (III) within the broader cycle.
Intermediate & Minor Degree Waves
Intermediate Wave 1 is completed, and Wave 2 retracement is in progress.
The 0.382 ($18.57), 0.5 ($15.83), and 0.618 ($13.54) retracement levels serve as possible support for Wave 2 before a continuation move upwards.
A bullish reaction at these levels could confirm the start of Wave 3 within the intermediate cycle.
2️⃣ Fibonacci Targets & Key Price Levels 📈
Primary Wave (V) Extension Targets
1.618 Fib Extension: $94.09 (Major target)
0.618 Fib Extension: $207.77 (Long-term macro target)
These targets suggest a strong potential bullish continuation.
Wave (IV) Retracement & Pullback Zones
1.236 Fib: $52.79 (Potential resistance)
1.382 Fib: $49.17 (Wave IV correction zone)
0.382 Fib: $36.90 (Pullback area to confirm higher low)
Wave (ii) Retracement (Minor Degree Support)
0.382 Fib: $18.57
0.5 Fib: $15.83
0.618 Fib: $13.54
0.786 Fib: $10.81 (Final invalidation level)
These act as critical re-entry zones for bullish continuation.
3️⃣ Technical Indicators & Confirmation Signals 📊
MACD Analysis
✅ Bullish Momentum: MACD remains above the zero line, but a short-term correction is in play.✅ Cross Confirmation: A bullish crossover from a lower level would confirm the next upward move.
RSI (Relative Strength Index)
📍 Current Level: 61.11📍 Overbought Level: Above 70 (watch for potential corrections)📍 Support Zone: 50-55 (if price retraces, RSI staying above this range is a bullish sign)
4️⃣ Trade Plan & Risk Management 🎯
📌 Bullish Entry Zones: 🔹 Between $13.50 and $18.50 (Fibonacci retracement support for Wave (ii))🔹 Confirmation: Watch for MACD crossover & RSI support bounce
📌 Target Areas: 🔹 Short-Term: $36 - $52 (Wave III Mid-Target)🔹 Long-Term: $94 - $207 (Wave V Extension)
📌 Risk Levels: 🔹 Stop Loss: Below $10.81 (Wave (ii) invalidation)🔹 Downside Risk: If LINK breaks below $10.81, the structure may need reassessment.
5️⃣ Conclusion & Final Thoughts 🚀
🔹 ChainLink is currently forming a potential Wave (II) correction before a major impulse move.🔹 If support holds above $13.50-$18.50, a bullish continuation toward $52-$94 is likely.🔹 MACD and RSI will provide further confirmation signals for the next rally.🔹 Traders should monitor Fibonacci support levels and watch for a strong bounce before entering long positions.
📢 Let me know if you’d like any further refinements or trade-specific setups! 🚀🔥