WaveAnalysis

Fetch.ai (FET) Market Update – ABC Correction Nearing Completion?

Current Trend: Strong downtrend
Key Resistance: $0.59
Key Support Zones: $0.376 and $0.30
Structure: ABC correction (wave C possibly concluding)
Sentiment: Bearish with cautious reversal watch

Despite broader market weakness, FET is approaching critical support levels, potentially nearing the end of its long-running ABC corrective pattern. The C-wave, now a clear five-wave decline, has hit initial targets. But without a convincing bullish reaction, the trend remains downward.

Key Technical Insights:

The downtrend from March 2023 remains intact.

Wave C is well-structured but no bullish confirmation yet.

A break above $0.59 is crucial to signal the beginning of a trend reversal.

A trendline drawn from local highs continues to cap price movement — a break above could suggest early momentum shift, but it’s not yet confirmed.

Next support zones: $0.376 (78.6% Fibonacci extension) and $0.30 (major C-wave completion target)

What to Watch:

A breakout above $0.59 could trigger a short-term bullish move.

Until that happens, expect continued lower highs and potential drop to $0.30.

If the current scenario is an ending diagonal, wave overlaps are allowed, making deeper corrections possible before a bounce.

Conclusion:
FET remains in a confirmed downtrend with no low in place yet. While key support zones are near, traders should stay cautious. A reversal might begin soon — but without technical signals, the risk of further downside remains.
$FET

#FetchAI #FET #CryptoAnalysis #TechnicalOutlook #AltcoinUpdate #WaveAnalysis #CryptoNews

🚨 XRP UPDATE 🚨

XRP is now in a Wave 4 (W4)—the most exciting stage of Elliott Wave Theory!🔥

Wave 4 is where patterns come to life—triangles, flats, or even expanded corrections. This phase sets the stage for the massive Wave 5 breakout to follow! 📈

Key takeaway: Be patient, watch the patterns, and position yourself wisely. The next big move is just around the corner! 🚀

$XRP to the Moon 🌕

#XRP #CryptoTrading #WaveAnalysis #XRPArmy #NextBigMove

Solana: In the Wave 🚀
$SOL

Since the light green wave 2 low at $133.18, Solana has been progressing within wave 3, which is expected to develop through a green five-wave substructure. The current internal wave [ii] correction appears to still be ongoing, as there are no clear upward impulses signaling the start of wave [iii] yet.

We anticipate further minor declines, but the price is expected to transition into the green wave [iii] above the critical support at $133.18. A break below this key level would activate a 30% probability of an alternative wave count, potentially leading to further downside.

Conversely, Solana has already tested significant levels during wave [ii], so an immediate rally above the $264.32 resistance cannot be ruled out. Traders should watch these key levels closely for confirmation of the next move.

Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and risk management before making any trading decisions.

#CryptoTrading #Solana #SOL #WaveAnalysis

🚨 XRP Update: Wave D in Progress!

📊 Current Stats:

Price: $2.2658 📉

Daily Change: -1.22%

🌟 Market Insights:

After a strong bounce off the trendline for wave C, it appears wave D is forming, aiming for $2.60 🎯.

This ABCDE pattern should unfold in 5 waves, and we’re just getting started!

🔍 Short-Term Outlook:

Currently working through wave 2 with key levels to watch:

$2.12: Typical .618 retrace target.

$2.17: Important .5 retrace and strong historical support.

Dips to the trendline remain valid within this pattern!

💡 Key Levels to Hold:

Maintaining these levels is crucial to preserving the ABCDE pattern. If successful, we could see a stronger wave 3 push toward $2.60 🚀.

📌 What to Watch For:

Price Action, Wave Count, and RSI will help confirm a local bottom.

Stay patient and optimistic as the pattern unfolds—it’s all about precision!

Wishing you a wonderful weekend! ❄️

#XRP #CryptoSignals #WaveAnalysis #BTCNextMove

USDCAD Wave Analysis

The USDCAD pair reversed sharply downward from the pivotal resistance level of 1.4080 today. This key level, near the upper daily Bollinger Band, has consistently held since early November, marking the 5th failed attempt to break above it.

This strong resistance suggests a bearish# outlook for the pair. USDCAD is likely to continue its decline, targeting the next support level at 1.3990—corresponding to the low from the minor correction at the end of last month.

Traders should monitor this level closely as the pair tests new lows.

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#ForexTrading #USDCAD #WaveAnalysis #MarketInsights