$ARB (1D) Update:
Despite the fact that we successfully caught the rally from $0.07 to $0.23, the broader NeoWave structure — a Triple Combination — indicated that a relief rally was likely to occur before the final cycle bottom.
Now, we also have a compelling structural comparison with the 2023–2024 price action. Step by step, the current structure continues to mirror the previous one, which points toward further downside.
I believe there is a high probability that the upcoming correction will erase the entire rally and eventually lead to a true cycle bottom, potentially around $0.05.
From current levels, we could still see some volatility, with price fluctuating by approximately ±10%, similar to what we observed during the 2023–2024 structure. Back then, the relief rally ultimately failed before the downtrend continued.
I expect a similar scenario to unfold here. So far, price has followed the previous structure remarkably closely, repeating almost every step along the way.
Despite the fact that we successfully caught the rally from $0.07 to $0.23, the broader NeoWave structure — a Triple Combination — indicated that a relief rally was likely to occur before the final cycle bottom.
Now, we also have a compelling structural comparison with the 2023–2024 price action. Step by step, the current structure continues to mirror the previous one, which points toward further downside.
I believe there is a high probability that the upcoming correction will erase the entire rally and eventually lead to a true cycle bottom, potentially around $0.05.
From current levels, we could still see some volatility, with price fluctuating by approximately ±10%, similar to what we observed during the 2023–2024 structure. Back then, the relief rally ultimately failed before the downtrend continued.
I expect a similar scenario to unfold here. So far, price has followed the previous structure remarkably closely, repeating almost every step along the way.