$MOODENG – Elliott Wave Structure Unfolding!

MOODENG is making a classic Elliott Wave pattern on the 45-minute chart, and it looks like we’re entering a potentially explosive wave (5). Here’s a breakdown:

Wave (1) began the trend with a modest push, followed by a deeper wave (2) correction—healthy consolidation.

A strong impulsive rally formed wave (3), often the most powerful in Elliott Wave theory.

We’re currently at the tail end of wave (4)—a tight, sideways flag with diminishing volume, hinting at a coiled setup.

Now comes the exciting part:

Wave (5) projection levels:

0.3082 – 0.618 Fibonacci extension

0.3541 – Full 1.0 extension

0.4283 – 1.618 “golden” target (if momentum surges)

Key Takeaway:

If price breaks above the recent high with volume, it could confirm wave (5) ignition. With Fibonacci confluence and wave symmetry aligned, bulls may be eyeing higher zones fast.

Stay alert—wave (5) moves can be swift and sentiment-driven.