NewTraderpavei

Hi everyone! 👋 I want to share my current ONDO/USDT count on the 4H chart to get feedback from more experienced traders. Any comments, corrections, or tips are very welcome! 🟦 Where I started counting: Wave (1): Started from around $0.62320 and topped at $0.80318 Wave (2): Retraced to $0.73807, around 36% of Wave 1 — quick and sharp, likely a zigzag ✅ So far, Wave 2 seems shallow and impulsive, which sets up for alternation in Wave 4. 🟩 Wave (3) development: Wave 3 moved from $0.80318 → $1.09251 Strong volume and price action — fits well with what Elliott Theory defines as a powerful third wave Wave 3 extension = about 1.6x Wave 1 — matches guidelines 📌 Based on this, I’ve marked Wave (3) completed at $1.09251 🟨 Now: Wave (4) Correction Zone According to the Elliott Wave alternation rule: Since Wave 2 was shallow and sharp, Wave 4 is expected to be deeper and more sideways. But BTC ATH bull run panic and hype all can change. Here are the key retracement zones I’m watching for Wave 4: | Retracement | Level | Meaning | | ----------------- | --------------------- | -------------------------------------- | | **0.382** | $0.98296 | Minor pullback, strong trend continues | | **0.5** | $0.94884 | Common zone | | **0.618** | $0.91472 | Deep but acceptable | | ❌ Below $0.80318 | Invalidates structure | | 🟥 Wave (5) Projection: Assuming Wave 4 ends shallow or deep, here are potential Wave 5 targets: | Wave 4 End Price | TP1 (0.618 ext) | TP2 (1.0 ext) | TP3 (1.618 ext) | | ---------------- | --------------- | ------------- | --------------- | | \$1.09234 | **\$1.203** | \$1.272 | \$1.382 | | \$1.04233 | **\$1.153** | \$1.222 | \$1.332 | I’ll be watching RSI/MACD and volume to confirm when Wave 4 ends before entering Wave 5. 🙏 Open to Feedback! I’m still learning and really enjoying Elliott Wave theory, so I’d love to hear from the TradingView community: Do the waves look valid to you? Would you count this any differently? Any tips on catching the reversal of Wave 4? Is the Wave 2 structure truly a zigzag, or am I missing something? Thanks for reading — and I appreciate any support, corrections, or insights you can share. 📈💬 Let’s learn together!

This is my first post here, and I'm truly excited to begin this journey of learning, sharing, and growing as a trader with all of you. 📈 I'm currently tracking DOGE/USDT and noticed what looks like a classic Cup & Handle formation developing on the 4H chart. I've marked out the structure, potential breakout zone, and my own thoughts on the setup (entry, SL, and TP). I'm sharing this not as financial advice but as part of my learning and analysis process, and I wholeheartedly welcome your feedback, thoughts, or alternate views — this is how we all get better together. 🙏 🧠 Trade Idea – Cup & Handle Breakout on 4H Chart I'm observing a clean Cup and Handle pattern forming on the DOGE/USDT 4H timeframe. Cup formation is smooth with rounded structure Handle completed with a slight consolidation/pullback Price is now testing the breakout zone between $0.207–$0.214 A confirmed breakout and candle close above these levels could open the door for a strong move toward TP near $0.246 📌 Trade Plan Entry Zone: Above $0.2145 (confirmation breakout) Stop Loss: Below $0.1924 Take Profit (TP): Around $0.2468 Risk/Reward: Roughly 1:2.5 depending on exact entry ⚠️ Disclaimer: This is not financial advice. Please do your own research (DYOR) before making any decisions. Markets are unpredictable, and this post reflects just an idea and my personal analysis — it could work out or completely fail. Manage your risk wisely! Let’s keep the community friendly, helpful, and focused on growing our collective trading knowledge. 💬📚 Wishing you all green candles and strong confirmations! – Cheers, and happy trading! 🚀🔥