📈 ZORA/USDT – Elliott Wave Setup in Play?
ZORA looks like it’s playing out a classic Elliott Wave pattern 👀
Wave 1: Huge rally from $0.007 → $0.148
Wave 2: Healthy retracement down to ~$0.07 (50–61.8% Fib zone ✅)
Wave 3 (in progress): Now rebounding above $0.10, with targets projected at $0.29–$0.35 (161.8–200% Fib extension 🔥)
Wave 4: Could be a minor pullback near $0.22
Wave 5: Possible final leg toward $0.40+
⚡ If price holds above $0.09–$0.10, this wave structure stays valid.
Wave 3 is usually the longest & strongest move, so eyes on the breakout 📊
⚠️ Caution:
Since ZORA is a new low-cap coin, Elliott Wave may be less “clean” (manipulation, sudden dumps).
Confirmation for Wave 3: a daily close above 0.12–0.13 with strong volume.
$0.20: ⚠️ A crucial level that could act as strong resistance before Wave 3 fully expands.
Do you think $ZORA will complete the full 5-wave run or stall early? 🤔