ROSE finished the black 5-wave cycle and we're now correcting the move up from the beginning of the year. I'm considering we're still in black wave A, and expect choppiness in the short term until the correction is completed. The 0.09 - 0.11 zone (yellow box) seems like a good target for the pullback, but let's see what price action tells us first.
Gray wave 2 happened as a flat correction, and price pumped for gray wave 3. Wave 4 correction should stay above 3.846. If this price breaks, the count invalidates.
After the confirmation of the next wave up, my primary count considers we´re now in gray wave 4 correction. The 50% pullback sits at 0.02630, which would be a great place to look for reversals in smaller timeframes. This count is valid as long as we stay above 0.02318 (gray wave 1 high).
ILV in full bullish mode Expecting green wave III to be a test of 200.00.
Choppy price action leads to different possible counts. I'm currently biased towards a leading diagonal (black waves). In this scenario, we should see wave 3 targeting the yellow box between 1.855 and 2.181.
Uptrend mode is back on... this is my current count in the 4H timeframe. The 0.93-0.95 zone should give us support to begin wave 5. Don't expect wave 5 to go very far, since wave 3 was extended.
ILV Broke the descending trendline with an impulsive wave, which is now being corrected. I'll look for reversal patterns in smaller timeframes, inside the yellow zone, for long trade.
In the 4H Timeframe, COTI has a high probability of making another higher higher for wave 5. It's just not clear if wave 4 is finished, but my primary count considers it is.
This is my primary wave count for Cardano. Simple and straightforward impulsive wave. Wave 3 was extended (261.8% of Wave 1). Therefore, Wave 5 shouldn't go much higher... $7 would be a good target.
In my primary count, I still expect another leg down for black wave C. The lack of RSI divergence on the recent low leads me to believe that the downtrend is not over yet. If price breaks the gray resistance zone, I'll reevaluate.
WOO is in corrective mode, and I believe that it will target at least the 100% extension to the downside. The upside has shown RSI divergence, the downside hasn't. I'll be looking for reversal patterns in smaller timeframes to take a short trade.
We are inside a descending channel (bull flag), and I don´t see a trade at current prices. I am watching 2 possible reversal paths: - Orange: Break of flag and retest of upper trendline. - Blue: Testing lows with divergence, with a bullish reaction and break of trendline.
Waves still behaving according to my longer term count. As long as we stay above the purple line (wave 1 high), we can expect a wave 5 hitting at least 0.15. A break of the purple line will lead to a new analysis/count.
I believe wave C should extend to the gray zone, where I'll be looking for reveral patterns. If we break below the previous low at 0.555, the count invalidates.
In the 1H timeframe, I expect another leg up for blue wave 5. This is valid as long as blue wave 1 stays intact. This will form black wave 3 or C.
My primary count considers gray wave 4 is happening as a flat correction. We are in a solid support zone, but I believe we will test lows again before going after wave 5. Ideally, I´d like to see divergence on the 4H timeframe before taking longs.
We should be finishing black wave 4 correction for a new leg up very soon. This new upside probably won´t go much higher than black wave 3 before another correction.
The token is correcting the whole upside that began last October. We are currently in wave C of the correction, with a high probability initial target of 5.487, which is the 100% extension of waves A-B. I´ll be watching the end of the correction closely, since price could pump from there.