📌 Wave Analysis and Fibonacci Levels for KAITO/USDT
📊 1. Wave Analysis (Elliott Waves)
• The price saw a strong rise from 0.1000 USDT to 2.1200 USDT.
• It appears that the price has completed an impulse wave (1-5) and is now in an ABC corrective phase.
• The current correction may be in wave C, indicating a possible continuation of the decline towards Fibonacci support levels.
📌 Possible scenarios for the corrective wave
✔ If the 1.3483 USDT level (61.8% Fibonacci) holds, we may see a bullish bounce and resume the uptrend.
✖ If the price breaks 1.3483 USDT, it may head to 1.1100 USDT (50% Fibonacci) or even 0.8716 USDT (38.2% Fibonacci).
📈 2. Fibonacci Levels Analysis: Support and Resistance
📌 Correction levels based on the top 2.1200 USDT and the bottom 0.1000 USDT
1. 23.6% = 0.5767 USDT → Weak support.
2. 38.2% = 0.8716 USDT → Strong support level.
3. 50.0% = 1.1100 USDT → Important psychological level.
4. 61.8% = 1.3483 USDT → Strongest Fibonacci level, if broken correction may continue.
5. 78.6% = 1.6877 USDT → Strong resistance level if the price starts to bounce.
✔ The current price at 1.4291 USDT is very close to the 61.8% Fibonacci level (1.3483 USDT), which means it is in the process of testing a major support.
✔ If it bounces from here, this could be a buying opportunity with a target of returning to 1.6877 USDT (78.6%) or even the top 2.1200 USDT.
🎯 Possible strategies based on wave and Fibonacci analysis
✅ Buy entry strategy (if support holds at 1.3483 USDT)
1. Buy entry at 1.35 - 1.38 USDT after confirmation of not breaking 61.8% Fibonacci level.
2. First target at 1.6877 USDT (78.6% Fibonacci).
3. Second target at 2.1200 USDT (previous high).
4. Stop loss at 1.30 USDT.
❌ Sell entry strategy (if price breaks 1.3483 USDT)
1. Sell entry when 1.3483 USDT is broken with a 4-hour candle close below it.
2. First target at 1.1100 USDT (50% Fibonacci).
3. Second target at 0.8716 USDT (38.2% Fibonacci).
4. Stop loss at 1.40 USDT.
📌 Final conclusion: Is there a compatibility between wave analysis and Fibonacci levels?
✔ Yes, the price is in a corrective wave and is likely to end at 1.3483 USDT (61.8% Fibonacci).
✔ If this level holds, we may see an upward bounce towards 1.6877 USDT or higher.
✔ If broken, the decline may continue towards 1.1100 USDT or lower.
📌 🚀 Final decision:
• Wait for bullish confirmation at 1.3483 USDT to enter a buy trade.
• If 1.3483 USDT is broken, entering a sell trade will be the best.
