Stoic-Trader

Probably not the most popular opinion, but in my primary count, DUSK would still have one more leg down for Wave 5. Count is valid as long as we stay below 0.0830 (wave 1 low).

The token is correcting the whole move up which began in early 2023 (at 0.03560).We are currently in wave C of the correction, so we could see bulls beginning to show up soon.Price is grinding downwards inside the green descending channel. A breakout from the top of the channel could indicate the correction is over, with a lot of potential upside.

Ethereum is looking bullish, and is respecting clearly defined support and resistance levels.In my primary count, we have finished black wave 1. The question is to determine if black 2 is already finished, which could lead to strong upside.There is no way to know without further price action, and a break of green resistance is a very bullish signal.

I´m keeping an eye on a quick pullback on AAVE for a potential 1-2/1-2.The thesis is that black 2 finished in the 50% pullback and we´re currently finishing blue 1.Blue 2´s pullback would be a great opportunity for long trades with a very tight stop loss.The gray zone, with gave us a fake breakout for black 1, may be the temporary resistance for blue 1.

Although price has been recovering for the last couple of weeks, I still don´t see clear reversal indications.We have yet to see a higher high / higher low, or bullish RSI divergence. These are key to consider a reversal.The green resistance zone is a key level to be broken for a bullish bias.Meanwhile, I´ll still be looking for downside reversals in smaller timeframes targeting the June low at 0...1004

I´m treating the recent upside as a corrective movement, and still expect a lower low. Reasons:-> Upside does not look like a motive wave.-> Lack of RSI divergence on the 4H or Daily Chart on the recent low.I will look for reversals in the green resistance levels for short trades.

Ripple could already be in the subwaves of gray 5. The gray descending trendline was broken and is serving as support for the correction.In smaller timeframes, price is still making lower lows and lower highs. I´d wait for a clearer reversal in the 4H before taking long trades.Invalidation is at 1.6134 (potential gray 4 low).

This is my current trade plan for Gold. I don´t believe the correction is over, and will be watching for potential shorts after some upside movement (green b -> c trade).But the bigger opportunity will be on the conclusion of green c / blue 2, from where we can really get another strong leg to the upside.

I´m considering the recent downside to be a correction from the move which began on mid-April.Price is finding support in the blue 0.18 zone, but the lack of any reversal patterns in smaller timeframes leads me to believe that we will still see further tests of this level.Break of the green descending trendline would be the first indications that bulls are regaining control.

Algorand has broken the black descending channel and gave us bullish RSI divergence on the April low.I expect a new leg to the upside to test gray resistance just above 0.3000.Invalidation is at 0.1460.