Crypto Sat
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$HAEDAL 30mins Chart – Impulse Correction Underway
Haedal Protocol (HAEDAL) has just wrapped up a clean 5-wave Elliott impulse, topping out near $0.22, marking a significant short-term high. Now, the market is pulling back, potentially entering a classic ABC corrective phase.
Key technicals:
Wave 5 finished with strong momentum, but signs of exhaustion followed.
Current retracement targets the 0.618 Fibonacci level at $0.167, a common support zone in wave theory.
This zone aligns with previous structural support, adding confluence to the bounce potential.
Volume is declining during the pullback — a bullish correction trait.
If this zone holds, the next impulse wave could resume toward new highs.
What to watch 👀
Price behavior near $0.167: Strong bounce = likely continuation.
Failure to hold $0.167 may extend the correction toward $0.15.
This is a cooling-off phase, not a collapse — yet.
Haedal Protocol (HAEDAL) has just wrapped up a clean 5-wave Elliott impulse, topping out near $0.22, marking a significant short-term high. Now, the market is pulling back, potentially entering a classic ABC corrective phase.
Key technicals:
Wave 5 finished with strong momentum, but signs of exhaustion followed.
Current retracement targets the 0.618 Fibonacci level at $0.167, a common support zone in wave theory.
This zone aligns with previous structural support, adding confluence to the bounce potential.
Volume is declining during the pullback — a bullish correction trait.
If this zone holds, the next impulse wave could resume toward new highs.
What to watch 👀
Price behavior near $0.167: Strong bounce = likely continuation.
Failure to hold $0.167 may extend the correction toward $0.15.
This is a cooling-off phase, not a collapse — yet.
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