MCOGlobal

SOL: The price is deep in the blue standard fibonacci extension support zone, which is located between $132.13 and $102.97. This zone is calculated based on the length of yellow wave A, and it provides standard support levels to watch for yellow wave C. Can I promise that it will hold? No, but if f this is indeed a C-wave to the downside then the bulls should show up in this region. From here I am watching two possible pathways: the yellow scenario allows for one more high with a target of around $360 to complete a larger 5-wave pattern, which started in 2022. However, in the white scenario, a 5-wave move to the upside can already be considered complete. We will therefore have to pay close attention to the structure of the next move to the upside and how the price reacts to the $181 - $263 fibonacci zone. This will help us distinguish between the two scenarios. However, even in case the white scenario plays out, a B-wave should take the price to the resistance zone. That being said, no local low is confirmed yet.

ETH: The white scenario still permits a move to all-time highs, but a drop below $1,790 would make another all-time high in this cycle less likely, as the pullback would be too deep for wave (4). In that case, I will monitor the lower support region between $1,436 and $1,254 for a potential reaction, should the yellow scenario materialize. However, this remains a low-probability outcome, and I would expect the blue scenario to unfold if the price decisively breaks below $1,790.For now, the local trend remains to the downside, and we need to see a clear reaction at support before considering the start of the next upward move. We remain vigilant for any signs of a shift in momentum that could indicate the beginning of a reversal.

EGLD / MultiversX: We saw a five-wave decline into the support area back in September 2023. Since then, the price has struggled to rally impulsively and has largely failed to participate in the broader bullish market. While it's still holding long-term support at $13.35, which is a positive sign, the short-term structure doesn't provide much confidence for an imminent upside reversal.A recovery bounce is due, but for any meaningful rally to take shape, we need to see a break above $25.55. That would be the first indication that a low might be in. However, from there, we’d have to analyze the structure closely to determine whether it aligns with the yellow scenario or the more bearish orange scenario.At this stage, there are no clear patterns suggesting a move to all-time highs. The white scenario remains speculative and is not the preferred view, though it's still valid, which is why it remains on the chart. Between yellow and orange, I remain neutral for now. The short-term trend is still down, and until $25.55 is broken, there's no confirmation of a low being in place.

BTC: The price remains in a larger correction that began in December. While I still view one more high in this cycle as ideal—potentially targeting $130,000—the minimum requirements for completing a larger 5-wave pattern from the November 2022 lows have already been met. Any additional high would be more of a bonus than a necessity.A break below $69,140 would provide further confirmation that a substantial top has formed, aligning with the red scenario. For now, $69,140 serves as the key bull/bear pivot, helping us distinguish between the possibility of one more high and the onset of a larger correction or even a potential bear market.Regardless, I am closely monitoring the current price region for signs of an upside reversal. Even if this only results in red wave B, it could still push the price into the $92,000–$104,100 range.