If we can reclaim this descending channel, it's time to send!
Our short-term target is still $1.87 BUT due to this recent test of the lows—we CAN send all the way to $2.5 🎯 The game has changed, and we don't have to come back here again.
$ETH has reached the lower boundary of the channel, within the blue support area. There are no signs yet that a bottom has formed. The bounce is a small 5-wave move, but it is too small to be relevant. In the white scenario, the price can still form wave 4 and another low in wave 5 of (C). #Ethereum
$ENA is testing the 50% retracement at $0.14358 within the support zone. This could still be a 1-2 setup, but wave (C) is still developing. The next move could take the price toward $0.133, where the target zone for wave (C) of wave ii begins.
$DOT Polkadot is testing the micro support zone at $0.7753–$0.9032, and there are no signs of a bottom yet. In the white scenario, wave 5 of (C) of circular wave B could still reach the lower end of this zone. A break above $1 is needed for the first sign that a bottom is in. #Polkadot
The ceiling of $HYPE could arrive soon after we bounce from here! 1.618 (fib) was already reached in September. Next targets 2.618-4.764 at $200 (approx.) 🎯 It's not far! #HYPE
$BTC The backtest of the 73K zone is actually very bullish for the medium-term price trajectory. We don’t have to come back here after sending it to +90K (which was the initial plan)!
The bears only have this week left, and their efforts are weakening day by day; yesterday they only managed to push us down -2.5%, as the 4H RSI refused to stay in the "REKT" zone. (The giga nuke requires multiple closes inside "REKT")
$ZEN The overall picture is still perfectly intact! As long as the floor holds -> The target is (up to) $800🎯The timing is impossible to predict, obviously!
$SOL is approaching the 61.8% retracement at $79.38, within the target zone at $76.76 - $87.77.
Solana is following Bitcoin, and a little more downside is likely because Bitcoin is also expected to move lower. The short-term outlook has been bearish for the past few weeks, but the broader picture still allows for a larger recovery in cycle wave C of wave b once cycle wave B is complete.
¡$BTC stopped at the Fibonacci retracement level of 0.5! A very typical reversal zone in bull markets! The bears forgot that $BTC rose +51% before this slight -17% correction (so far)! Everyone is calling for 30K again so we can go back up!
$AAVE is at risk of forming a massive bearish head-and-shoulders pattern.
So far, the neckline is holding, and it had better remain a solid level of defense for the bulls because if it breaks, the technical downside target would be pretty wild
So basically, all the downside targets have already been hit. This latest sell-off could be a fakeout! Just like the rally we had last week! This thing could reverse violently at any moment now! The cartel really managed to shake us out way below the targets.
But when short-term trading is headed toward $1.87... Cheaper entries... The better! 💪
$HYPE Pressure remains to the downside as long as the price stays below the wave 4 resistance at $77.17–$81.01. A break above $81 would improve the outlook.