1. Technical Analysis: General Trend and Key Levels
📌 General trend
• Current price: 0.8544 USDT
• Recent High: 0.9900 USDT
• Last bottom: 0.8250 USDT
• Moving averages:
• EMA(7) = 0.8529 → Price is very close to it, indicating volatility.
• EMA(25) = 0.8624 → Initial resistance level.
• EMA(99) = 0.8660 → Stronger resistance level in the medium term.
📌 Technical indicators
• RSI(6) = 49.94 → Price is in neutral range.
• RSI(12) = 46.32 → Not yet giving a strong bullish signal.
• RSI(24) = 46.34 → A break of 50+ needs to be positive.
• MACD = 0.0008 → Momentum is very weak and not giving a strong bullish signal yet.
• Stoch RSI = 61.76 → still in neutral zone.
• Williams %R = -56.57 → There is neither overbought nor oversold, indicating that the market is not yet decisive.
📉 2. Wave Analysis (Elliott Waves)
📌 Determining price waves
• The price appears to have completed an upward impulse wave (1-5) when it reached 0.9900 USDT.
• The price is now in a corrective wave (ABC):
• Wave A: from 0.9900 USDT to 0.8250 USDT.
• Wave B: Current bounce around 0.8544 USDT.
• Wave C: It may extend towards 0.8250 USDT or even lower at 0.80 USDT if the correction continues.
📌 Possible scenarios
✔ If the price breaks 0.8624 USDT, this could be the beginning of a new impulse wave to the upside, confirming the end of the correction.
✖ If the price fails to surpass 0.8624 USDT, wave C is likely to continue downwards.
⏳ 3. Temporal analysis: When does the movement occur?
• The price is moving slowly after the recent high at 0.9900 USDT.
• Based on the time frame, we may see a strong move in the next 12-24 hours, especially if one of the key levels (0.8624 resistance, 0.8250 support) is broken.
• If the current consolidation continues, the price may remain in the sideways range until it decides the final direction.
📈 4. Fibonacci Levels Analysis: Support and Resistance
📌 Calculating Fibonacci levels from the bottom 0.8250 to the top 0.9900
• 23.6% = 0.9536 USDT → Not reached yet.
• 38.2% = 0.9231 USDT → Initial resistance level.
• 50.0% = 0.9075 USDT → Strong psychological level.
• 61.8% = 0.8920 USDT → Strongest Fibonacci level, if broken it may target 0.99 USDT again.
• 78.6% = 0.8704 USDT → If the price breaks it, the correction is likely to continue downwards.
✔ If the price breaks 0.8704 USDT, the decline is likely to continue towards 0.8250 USDT.
✔ If the price breaks 0.9075 USDT, we may see a retest of the 0.9900 USDT level.
🎯 Possible strategies based on the analysis
✅ Buy entry strategy (if 0.8624 USDT breaks)
1. Buy entry at 0.8650 USDT after breakout confirmation.
2. First target at 0.9075 USDT (50% Fibonacci).
3. Second target at 0.9900 USDT (previous high).
4. Stop loss at 0.85 USDT.
❌ Sell entry strategy (if price fails to break 0.8624 USDT)
1. Sell entry if price rejects 0.8624 USDT.
2. First target at 0.8250 USDT (last support).
3. Second target at 0.80 USDT (corrective wave C extension).
4. Stop loss at 0.8750 USDT.
📌 Final Conclusion: Are Technical, Time, and Wave Analysis Compatible with Fibonacci?
✔ Technical analysis supports the idea of the current volatility, but it is leaning towards a bearish correction if it does not break 0.8624 USDT.
✔ The wave analysis indicates that the price is in a corrective wave (ABC), and if it breaks 0.8250 USDT, the decline may continue towards 0.80 USDT.
✔ Time analysis indicates that strong movement will occur within the next 12-24 hours.
✔ Fibonacci supports the idea that 0.9075 USDT is a key resistance level to watch, and 0.8704 USDT is a crucial level for the upcoming trend.
📌 🚀 Final decision:
• If the price breaks 0.8624 USDT, entering a buy trade will be better.
• If the price fails to breakout, the correction is likely to continue downwards towards 0.8250 USDT.
• Wait until the trend becomes clear in the coming hours before entering any trade!
