The ecosystem coins within the KAIA Chain are operating well, and although it’s late, various meme coins are being created.
Additionally, KAIA Coin has been removed from the futures market and can now only be purchased on the spot market. (This appears to be a measure to reduce price volatility for now.)
With the integration of #Klaytn and #Finschia , diverse content has been developed for KAIA.
Among these, many #metaverse platforms are now included in DOSI(#cvtx ), which previously operated on Finschia,
and they have secured a substantial user base.
Given this environment, the chart also seems well-prepared for an upward movement.
I believe a time will come when Korean coins take the lead in the market, and KAIA will have its moment of opportunity.
Please follow for ongoing chart updates and analysis.
#Litecoin has been moving well according to the initial #scenario . If you’ve been following my charts, you’ll know I’ve been considering one primary scenario so far.
Today, I’d like to add a second scenario.
#1st Scenario: The current five-wave structure continues as per the original plan. This scenario involves a rise followed by a correction.
2nd Scenario: I’ve considered the possibility of a sudden sharp rise occurring unexpectedly. If such a surge happens within the next few days, it would align with this second scenario.
That’s why I’ve prepared for this as well.
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#Chainlink has completed its impulse wave and undergone a WXY corrective wave. It now appears to be preparing for an #upward move.
While I’d like to analyze and present each chart step-by-step, if you refer to my previous LINK chart analyses, you’ll realize that this is a critical level.
Even if LINK starts rising today, there’s no issue. Similarly, a bit more correction wouldn’t be a problem either.
As long as the price doesn’t break below the lower boundary of the marked box, I believe a significant upward move is likely at any time.
The short-term #target is around $24, while the mid-to-long-term target is around $37.
However, since it’s impossible to predict exactly how the price will move day-to-day, this is the current outlook I have in mind.
Please follow for ongoing chart updates and analysis.
Yesterday, I mentioned that the correction was too short and that a further correction might be necessary.
It's been over 20 hours since the chart analysis, and Bitcoin has been consolidating in that range. Now, I am considering two perspectives to approach the situation. (First, we need to assess whether the correction from Wave 3 to Wave 4 has concluded.)
1st Scenario: If we assume that the previous correction was indeed a WXYXZ triple combo and that the correction has ended, then the current upward move could be the first wave of an impulse wave, which has now completed. If the second wave correction follows as a WXY corrective wave, the $93,000–$94,000 level could serve as an excellent buying opportunity.
2nd Scenario: If the previous correction is considered a WXY double combo, then an additional ABC correction may still be necessary, potentially resulting in a converging price pattern. Today, I plan to approach the situation with these two scenarios in mind.
* Additionally, if the first scenario’s WXYXZ correction turns out to be a simple ABCDE wave,
you should also prepare for the possibility of another significant drop breaking the current low.
Please follow for ongoing chart updates and analysis.
Today, #Bitcoin is rebounding after completing its 4th wave correction.
While a further decline cannot be ruled out, I currently view this as an upward movement to form the 3rd wave's 5th sub-wave.
At present, it seems the 1st sub-wave of the 3rd wave's 5th is complete, and Bitcoin is undergoing the 2nd corrective sub-wave. Looking at two possible scenarios in detail:
Scenario 1: A short correction in the form of a WXY pattern, followed by an impulsive wave upwards. The concern here is that the correction appears too short.
Scenario 2: Since the correction in the first scenario is too short, an irregular correction might occur. If this happens, the price may at least retrace to the Fibonacci 0.382 level during the upward movement.
Besides these two scenarios, there is also the possibility of a deeper correction or a further decline.
It's always best to trade only after confirming the #trend .
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#Chainlink's chart currently isn't in a position where we can definitively say that an upward trend has begun.
If we summarize today's analysis with two scenarios:
1. The first scenario assumes a complex WXY correction, with an upward movement followed by another drop to a new low. Even if it makes a new low, this would still be positive for #Chainlink . A significant upward movement could follow afterward. (The downside is that it might just take more time.)
2. The second scenario assumes that the upward movement starts from now. Chainlink, which reacts strongly to Bitcoin's movements, may eventually break away and rise independently. If so, this week seems like the most favorable time for that movement. This forms the basis for the second scenario.
Looking at #altcoins these days, most have reached similar positions and are undergoing similar corrections. The overall structure among altcoins appears to be quite aligned at the moment. Please consider these aspects as well.
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The #Immutable X (IMX) coin chart shows a pattern of alternating rises and corrections as it climbs.
Currently, it appears to have completed the 3-3 wave and is undergoing a correction in the 3-4 wave.
To summarize, it is unclear how far the 3-4 wave correction will extend. The correction could conclude once Bitcoin’s movement stabilizes and begins to rise, but the exact timing remains uncertain.
However, I believe IMX may eventually settle around $1.9 in the future.
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Bitcoin has not moved according to the scenarios I envisioned over the past few days.
While the situation remains complex, one thing is certain: this is a Wave 4 correction. After this correction, I anticipate that Bitcoin could rise to new highs once more. This would likely mark the beginning of an #altcoin #bull market.
Today, I have prepared several scenarios.
Since all three scenarios are plausible, it is challenging to determine which one should take precedence.
1. ABCDE Repetitive Correction This scenario involves an initial ABC rebound followed by further correction. (This scenario is slightly less likely compared to the others.)
2. WXY Wave In this case, the price progresses as follows: W: A 3(A)-3(B)-5(C) structureX: A basic ABC waveY: Another ABC wave is required to complete the structure.
3. Triple Combo Pattern Since consecutive ABC patterns continue to emerge, there is a possibility of a triple combo structure. W-X-Y-X-Z, where all waves consist of three-wave patterns, appears to be forming.
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Chainlink has been forming an impulse wave for an extended period as part of the 1st wave.
After completing an ABC running flat pattern, it began to rise. Now, it has reached the point where the most significant upward movement in the 3rd wave occurs.
While it’s not certain enough to declare a confirmed upward trend, I can say that this is a highly probable position.
The running flat also appears to resemble a WXY running pattern, but it still looks promising.
If an upward movement occurs here, we should see a substantial rise today, with $16.08 acting as a solid support level for further gains.
Of course, Bitcoin’s movement is also critical, so I recommend checking out Bitcoin’s chart analysis as well.
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