$CETUS – Wave 4 Pullback in Progress
Price has completed a strong Wave (3) and is now entering the Wave (4) correction phase — a classic setup before one more bullish leg!
🧠 Elliott Wave Count (30mins):
🔸 Wave (1) & (2): Early structure built
🔸 Wave (3): Extended move, strong breakout
🔵 Wave (4): Now pulling back — healthy retracement after a vertical rally
🟢 Wave (5): Projected extension target at 1.618 = $0.1757
This is a classic bullish impulse, with Wave (5) still on the table — but first, we let Wave (4) complete.
🔍 Wave 4 Retracement Zones (Fibonacci):
Expecting Wave (4) to land between:
0.403 Fib ➤ $0.1535
0.5 Fib ➤ $0.1488
0.618 Fib ➤ $0.1432
These are prime zones for bullish continuation setups, especially if buyers step in with volume confirmation.
🧭 What’s Next:
Look for bullish reversal candles in the fib range.
Confirmation above local resistance = Wave (5) ignition.
Target for Wave (5) = $0.1757 based on 1.618 extension of Wave (1).
📌 TL;DR: #CETUS is in a Wave 4 pullback. A bounce from the $0.143–0.153 zone could set up the final bullish push in Wave (5). Patience here can pay off big. 😀
Let the correction play out — then ride the wave! 🌊