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$PIâ Elliott Wave Cycle in Focus #Pi Network is unfolding a Elliott Wave 5-wave impulse structure on the 1-hour chart, signaling a strong uptrend with clear phases of expansion and correction. Hereâs the breakdown: Wave (1) to (5) shows a full impulsive move, with wave (5) topping near $0.9893âmarking a potential short-term high. The price has now started a correction phase (wave a), which typically follows a 5-wave impulse. Key Fibonacci retracement levels to watch đ 0.382 retracement: $0.8797 (minor support) 0.5 retracement: $0.8459 (medium confluence zone) 0.618 retracement: $0.8121 (golden pocket & stronger demand area) These levels could serve as bullish re-entry zones if price stabilizes and volume confirms strength. This structure remains valid unless we break below wave (4)'s base, which would invalidate the bullish sequence. If the correction finds support and holds, the next impulsive move (wave C or new wave set) could push us to fresh highs.
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$OBOL 15mins â Double Bottom Breakout ! đ„ Weâre seeing a double bottom formation on #OBOL, signaling a possible reversal from the recent dip. Price is now testing the neckline around $0.305âa breakout above could trigger a strong upward push. Key zone đ Neckline resistance: $0.305 Support zone: ~$0.280 Confirmation needed with volume for a solid breakout. If this plays out, it could be the launchpad for the next leg up. Keep it on your radar!
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$PARTI 4Hr â Double Top Alert! Particle Network just printed a potential double top pattern near the $0.33â$0.34 zone. This classic bearish setup hints at possible exhaustion after a sharp rally. Key levels to watchđ Neckline support: ~$0.22 Breakdown below neckline may trigger a correction. If invalidated, and price holds above $0.34, it could flip into bullish continuation. Momentum is strong, but this pattern is worth watching closely for confirmation. Always manage risk!
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$BTC 2Hr â Bullish Pennant Breakout After a powerful rally, #Bitcoin is consolidating inside a textbook bullish pennant on the 2-hour chart. Price is squeezing and just started nudging above the upper trendline. Key Zone đ đčSupport: $103,000 đžWatch for breakout confirmation above $104,500 with volume for continuation. Pennants after strong uptrends often signal a continuation move. Keep an eye on momentum and volume â this could open the gates to higher highs.
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$SOL just formed a classic Rising Wedge on the 1Hr chart â a pattern known for potential pullbacks after extended runs. Price is testing upper resistance around $177 - $180 Rising wedge support currently near $172 Breakdown could open room to $164-$160 zone But if bulls break above with volume, $185 -> 190 -> 200 in sight! Eyes on the breakout â wedge patterns donât lie.
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