mr16kprime
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Elliott Wave count on Litecoin shows that the market is unfolding within a larger bullish structure. A clear five-wave impulse (1–5) is developing, with waves 1, 2, and 3 already labeled. Wave 3 peaked around the $132–$143 region, which aligns with common Fibonacci extension levels. Following this strong rally, the market has entered a corrective phase for wave 4. The red circle highlights the current price action, suggesting the start of a pullback. The expected retracement zone for wave 4 lies near $104–$107, which coincides with prior support and the 200 EMA. If price respects this zone and holds above it, a powerful fifth wave could emerge, driving Litecoin towards the $140–$150 region and potentially higher. On the bearish side, if price breaks significantly below $103 and moves deeper, then the correction could extend further, possibly towards the $85–$90 area before resuming higher. The bull confirmation level is set at $140.92 — if broken, it would signal strong continuation to the upside. Overall, the structure remains bullish, with the current dip appearing as a corrective opportunity rather than a trend reversal.
INJ Elliott Wave count shows that a five-wave impulse structure (i–v) has been completed to the upside. Wave i and iii developed strongly, with wave iii being the extended leg, and wave v marking the final push higher. After this completion, the market is now likely entering a corrective phase, forming an A–B–C pattern. The invalidation level is marked at $16.954 — if price breaks above this level, the bearish outlook would be invalidated and a different wave count would be required. On the downside, a break below the $11.919 bearish level would confirm the start of a deeper correction. Based on Fibonacci retracement zones, the corrective target area is projected between $11.485 and $9.152. This suggests that while the uptrend has shown strength, the immediate expectation is for a corrective decline before any potential resumption of trend.
ETH have a 2 scenarios 1 flat correction 2 motive wave up trend we need conform this is a flat of motive
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